Decrease backup withholding and penalty notices, prevent costly penalties and reduce the error rate in TIN validation.
The IRS has made backup withholding and the obtaining of TINs a focus of their reviews. Do you have completed W-9s forms? Do you perform backup withholding when it is required? Do you have exposure for penalties as well as underwithholding or no withholding?
This topic will assist you in reviewing your process around gathering TINs from your vendors and to make sure you are aware of the rules of withholding when you don't have correct documentation. Understand how to deal with B Notices when they are received and ways you can mitigate your exposure to penalties.
Learning Objectives:
- You will be able to define e-Services.
- You will be able to explain exempt payees.
- You will be able to describe B Notice Process.
- You will be able to discuss electronic W-9 process.
This Live Webinar Covers These Hot Issues:
- Terminology
- Information Returns and TINs
- Form W-9
- Electronic W-9 Process
- Backup Withholding
- Exempt Payees
- E-Services
- B Notice Process
- Penalties
Credit Information (Sponsored by Lorman Education Services):
- CPE
- AIPB
- IAPP
- NASBA
- EnrolledAgents
For Detailed Credit Information page
click here
Only registered attendee will receive continuing education credit.
Instructor Profile:
Mary H. Angelbeck
- Retired member of Ernst & Young’s National Employment Tax/Information Reporting Group
- Enrolled agent with the IRS
- More than 30 years of experience in the field of taxation, both as a state administrator and as a consultant
- Practice included managing large payroll restructuring projects; payroll tax advisory services related to mergers and acquisitions; providing year-end federal, multistate, and local payroll tax advisory services; payroll related federal, state and local tax controversy; and federal as well as state and local information reporting (1099 and 1042-S) issues
- Speaker for local chapters of the American Payroll Association, the New York University Annual Institute on State and Local Taxation, the Federation of Tax Administrators, the Tax Executives Institute, the Counsel on State Taxation, The American Bar Association, the Pennsylvania Institute of CPAs and Lorman Education Services
- Can be contacted at maryangelbeck@comcast.net
(Not available outside the US)