Improve Your IRS Compliance: Use Best Practices for TIN Solicitation
This IRS regulatory compliance training will explain the Best TIN Solicitation Best Practices. 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.Areas CoveredIdentify all required TIN information you need to collectDesign a best-practice TIN solicitation processRecognize outdated TIN collection practicesDetermine who should sign up for IRS TIN Matching in your organizationIncorporate appropriate TIN solicitation practices into your new vendor operationsIdentify those situations when you should require a new W-9Who Should AttendAccounts payable supervisorAccounts payable directorAccounts payable managerTax reporting managerInformation Reporting (tax) professionalsAssistant accounts payable managerDisbursements managerAccounting ManagerAccountantAccounts payable associateAssistant controllerControllerAccounting ManagerWhy Should You AttendIf 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 enforcement 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.
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This IRS regulatory compliance training will explain the Best TIN Solicitation Best Practices. 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.
Areas Covered
- 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- Recognize outdated TIN collection practices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
Who Should Attend
- Accounts payable supervisor
- Accounts payable director
- Accounts payable manager
- Tax reporting manager
- Information Reporting (tax) professionals
- Assistant accounts payable manager
- Disbursements manager
- Accounting Manager
- Accountant
- Accounts payable associate
- Assistant controller
- Controller
- Accounting Manager
Why Should You Attend
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 enforcement 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.
