TIN Verification, B-Notices, and Backup Withholding: Best Practices to Reduce IRS Notices and Avoid Penalties 2017 is a webinar that covers topics such as:
- How to submit names and TINS for verification
- How to register individuals to use the IRS TIN verification system and set up a company account
- The importance of TIN solicitation using Form W-9 and follow up solicitations where necessary in establishing due diligence and reasonable cause for purposes of penalty avoidance
- The steps to properly follow up on a mismatch indicated by the TIN verification system
- What to do when a payee fails to provide a TIN
- How and when to issue B-notices to vendors and what to do when the payee responds or fails to respond
- Backup withholding, when to start it, when to stop it, and how to deposit and report it
TIN Verification, B-Notices, and Backup Withholding: Best Practices to Reduce IRS Notices and Avoid Penalties 2017 is intended for:
- Accounts Payable and Accounting Managers
- CFOs and Controllers
- Employers and Business Owners
- Accounts Payable Processing Professionals
- Public Accountants, CPAs and Enrolled Agents
- Purchasing Managers and Professionals