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Live webinar On What is TIN Matching & B Notices - How to minimize the paperwork from complaints on IRS information retu - PowerPoint PPT Presentation

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Presentation Transcript
Grcts training solutions
GRCTS Training solutions

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Tel: +1-248-233-2049



This webinar will help you reduce the risk of being out of compliance with your Form 1099 reporting requirements with the Internal Revenue Service. This session will discuss registration with the IRS, methods to perform electronic Name/Taxpayer Identification Number matching, protocols for handling CP-2100 notification from the IRS regarding Name/TIN mismatches on your forms 1099, 1098. It will help you understand the differences between and 1st and 2nd B-Notice and the related differences in required vendor responses. We prepare Forms 1099 and send them into the IRS.  Later in the year the IRS mails us a “B” Notice, Backup Withholding Notice, Form 2100 or 2100A.  Would you like to avoid receiving “B” Notices from the IRS?  If yes, one of the best ways is to use the IRS e-services Taxpayer Identification Number matching program.

Areas to be covered
Areas to be Covered:

  • 1.  Starter question: what is TIN Matching? 2.  Who must request access to the TIN Match system? 3.  How do we register to use the system? 4   How does the TIN Match system work? 5.  What are the best practices for managing 1099 reporting requirements? 6.  How do I deal with vendors who report incorrect information on their W-4’s? 7.  B-Notices: when I receive a letter from the IRS stating I have incorrect names/TINS on my 1099’s, what must I do and what about the   deadlines? 8.  What if I receive a Notice of Proposed Penalty? 9.  Learn IRS 1099 matching process and avoid most common matching mistakes 10.  Advantages of IRS e-services TIN Matching Program 11.  What is a “B” Notice and What causes “B” notices 12.  Steps to take to avoid “B” Notices and Steps to take after receiving a “B” Notice 13.  What is a Backup Withholding Notice 

Targeted audience
Targeted Audience:

  • ALL CPA  and staffEA & staffAttorneys & staffAccounting Department StaffController & StaffStaff responsible for preparing Forms 1099Accountants Payable StaffFinancial OfficersTax compliance managementTax ManagersAccounts Payable ManagersInternal AuditorsACCOUNTS PAYABLEInformation Technology design staff

Instructor profile
Instructor Profile:

  • Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the chief financial officer of a $1 billion real estate development company. Mr. Hutchinson is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on myriad business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll, and sales and use tax as well as financial modeling and analysis, business strategy and communications.

  • He is the author of several useful accounting and tax tools. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.