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TIN Solicitation and Certification Compliance

Course Description:

Account opening procedures and identifying payees accurately is the most important step in complying with federal and state regulatory requirements.

In fact, failure to implement compliant procedures and adhere to those procedures, could subject your organization to penalties and liabilities for withholdings that were required to be carried out on payments to improperly documented payees.

Yet, certifying payees properly can be a difficult process. Learn what your procedures should include and how to avoid the risks for failure to comply with this requirement in this must-attend CCM teleconference.

Lynda Foertschbeck of IRSCompliance, Inc. will guide you through payer requirements, including:

• Identifying the payee as either a US or foreign payee,
• Determining the income type and filing status of the payee (individual, partnership, LLC, LLP, Corporation, etc), and
• Obtaining a Form W-9 for US payees and a Form W-8 series for foreign payees prior to issuing payment.

Lynda will also cover how properly identifying the payee as US or foreign enables you to:

• Track and report payments correctly,
• Backup withhold when required, and
• Implement foreign withholding accurately for payments issued to foreign payees.

During this information-packed event, you’ll also learn:

• Form W-9 TIN Solicitation Requirements
• Form W-8 series for Foreign Payees
• How to improve your request for this information from the payee
• B-Notice Solicitation requirements
• How to identify US vs. Non Resident Aliens
• Related backup withholding requirements and conditions.
  

Featured FAculty:

Lynda Foertschbeck, Executive V.P., IRSCompliance, Inc.

Lynda Foertschbeck, Executive V.P. IRSCompliance, Inc, has more than 25 years experience as a tax compliance professional in the development of compliance solutions of regulatory consulting services and tax software applications. Prior to joining IRSCompliance Lynda served as Manager in the Tax Controversy Unit at Deloitte Tax, as Vice President and Compliance Product Manager at DISC, Incorporated (now CheckFree) and Director of Compliance Services for Moore, BCS.

Ms. Foertschbeck' experience includes the development and enhancement of many proven tax software and service solutions for 1099, W2, 1042S processing and reporting to the IRS, SSA and state agencies. This includes products from: 1099PRO, Convey, FASTTAX, ATSG Inc., MOORE BCS, and CheckFree. Specific areas of contribution have included the direction and development of information reporting products and service lines, regulatory compliance support services and strategic business needs analysis.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Unable to Attend?  Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

Receive 1.5 CPE credits by attending the live Audio Conference! CCM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org Program Level: Intermediate Prerequisites: This course is for participants with some exposure to the subject. Advanced Preparation: None Delivery: Group Live CPE Credits: 1.5 Recordings of the program do not qualify for CPE credits. For more information regarding administrative policies such as complaint and refund, please contact our offices at 877-900-C4CM (2426).

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