This IRS regulatory compliance training will explain the TIN matching system best practices to eliminate form 1099 reporting errors. It will also provide you the tools to effectively handle B- Notices in order to avoid fines and penalties.
How do you know your vendor's W-9s are correct? What are the consequences of filing incorrect name and ID numbers on their 1099s?
In just 90 minutes, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes and adequate documentation to ensure your 1099s contain accurate information that will agree with the IRS's records. You will all but eliminate your B-Notices from the IRS!