Best Practices for TIN Solicitation - Improving Your IRS Compliance
Duration : 60 Minutes
While TIN solicitation might sound too lascivious for the legitimate business world, it is critical that every organization take this task seriously. For if they don't, a very uncomfortable and costly audit with the IRS is likely to ensue. If you've heard that the IRS budget is likely to be cut and think that means good news for your organization when it comes to audits, think again. The indications are that enforcements in relation to information reporting errors will be up.
This is nothing to worry about as long as your organization is doing what it is supposed to be doing when it comes to reporting income paid on Forms 1099. Now, more than ever it is important that you utilize best practices with regards to collecting and reporting taxpayer identification numbers and income as required. In this newly-created program you will learn exactly what you should be doing to comply with IRS regulations.
Course Objectives:
• Identify all required TIN information you need to collect
• Design a best-practice TIN solicitation process
• Recognize outdated TIN collection practices
• Determine who should sign up for IRS TIN Matching in your organization
• Incorporate appropriate TIN solicitation practices into your new vendor operations
• Identify those situations when you should require a new W-9
Course Outline:
• When to collect TINs
• How to collect TINS
• Worst practices for collecting TINS
• How to use IRS TIN Matching
• When to use IRS TIN Matching
• Common mistakes to avoid when using IRS TIN Matching
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Accountant
• Accounting Manager
• Controller
• Assistant Controller
• Disbursements Manager
• Tax Manager
• Accounts Payable Manager
• Accounts Payable Director
• Accounts Payable Supervisor
• Assistant Accounts Payable Manager
• Accounts Payable Associate
• Any institution that makes reports on forms 1099-INT, 1099-B, 199-DIV, 1099-PATR & 1099-MISC
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
Similar Trainings
Finance & Accounting 101 Simplified
LIVE : Scheduled on
25-April-2024 :01:00 PM EDT
|
