Key Take Away :
This webinar will explain the use of TIN Matching System, and how your company can comply with Form 1099 compliance, improve efficiency, standardize processes, and compile adequate documentation to ensure your 1099s contain accurate information and learn to eliminate your B-Notices from the IRS.
Overview :
Form 1099 for your vendors that contains wrong information wastes your time and could cost your company money. How do you know your vendor’s W-9s are correct? What are the consequences of filing incorrect name and ID numbers in your 1099s?
Discover the TIN Matching system. Learn how to handle the CP-2100 notices from the IRS. How to avoid the fines and penalties for failure to comply in a timely manner with the B-Notice requirements. Understand the difference between the 1st and 2nd B-Notice and the related differences in required vendor responses.
Why Should You Attend :
Necessity of planning
How to evaluate your systems strengths and weaknesses
Will give you the knowledge you need for determination
How to limit risks and costs with making decisions
How to outline a plan
Acquire confidence to classify correctly
Common Facts, Updates
Areas Covered In This Webinar :
Explain the best practices
Ensure your 1099 information matches that of the IRS
How to handle most efficiently B-Notices
How avoid failure to comply penalties
How to comply with these burdensome regulatory requirements
How to use TIN Matching, how do you register to use the system?
How does the TIN Match system work?
What is a CP-2100 notice and how do you respond: What is a B-Notice?
What are the best practices for managing 1099 reporting requirements?
How do you deal with vendors who report incorrect information?
Confidence that the correct information was filed as required by the IRS
Learning Objectives :
Learn how to present ideas in financial terms for greater impact
Gain confidences with figures and facts
Understand fundamentals of 1099, TIN Matching, B-Notices, FATCA
How to increase your competitive position by understanding these areas
How to analyze performance and decision making
How to evaluate your current systems strengths and weaknesses
Learn Best Practices
Who Will Benefit :
Human Resources Professionals
Non-resident Alien Individuals/ Businesses
Business Owners
Department Managers
Managers/ Supervisors
Personnel Managers
Accountants
A/P & A/P Managers
Staff Accountants
For more information, please visit : https://www.atozcompliance.com/trainings-webinar/banking-financial-services/accounting-taxation/tin-matching-1099-b-notices-fatca/david-sanders/300191
Email: support@atozcompliance.com
Toll Free: +1- 844-414-1400
Tel: +1-516-900-5509
Level:
Intermediate
Speakers Profile :
David Sanders
David Sanders is considered one of the world’s leading experts/trainers in accounting, finance, accounts payable, accounts receivable, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, sales & use taxes, internal controls, inventory management, cycle counting, record keeping and vendor, supplier management. He has continuous requests to train employees and to hold public seminars. He has conducted approximately 10,000 training sessions, including public seminars, on-sites, company training, chamber of commerce's, colleges, training videos, CD's and webinars worldwide.
David is called upon for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, risk analysis, COSO analysis, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing. Member Sarbanes Oxley Compliance Professional Association (Life Member Status) and Key Trainer. The author of four acclaimed books (Budgeting, Forecasting, Strategic Planning, Strategic Thinking) and over 25 seminar workbooks and numerous webinars. David has a talent for breaking things down into easy to understand steps that can be implemented immediately. David was an Endorsed Local Provider for the Dave Ramsey Show covering the greater Cincinnati, Northern KY and Eastern Indiana areas.
David has a wealth of experience to share that is supported by impeccable financial credentials including over 37 years of experience in the financial industry. He holds numerous degrees including Associate in Accounting, Bachelors in Business Administration, Masters in Taxation and PhD in Finance. His experience has included Accounting Manager, Corporate Controller, CFO, Government Tax Auditor, Business Consultant, and Senior Partner for various Accounting/ Tax/ Auditing firms nationally.
