TIN Verification, B-Notices, and Backup Withholding: Best Practices to Reduce IRS Notices and Avoid Penalties 2017

Topics

• 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

Who should Attend

• 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