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How To Process An IRS B-Notice
Human Resources
STA2023088
100 Minutes
Friday, April 7, 2023
- Sunday, April 30, 2023
Description
Overview
IRS B-Notice processing rules are always tricky. Questions regarding where to start, who to contact, and when are among those that frequently cause confusion. Whether you are new or seeking an update this course will provide CPA’s, Accounts Payable, Payroll, and Tax professionals with plain English guidance to help you and your organization process IRS B-Notice’s with confidence.
The program will discuss the steps you need to take in response when you receive IRS B-notices, and what to do the first time you get a B-Notice for a particular vendor versus the second time. This program will also cover how the IRS name-TIN matching process works and how you can proactively create policies and procedures to lessen the number of B-Notices your organization receives each year. The bulk of the program will cover procedures your organization must follow in processing IRS B-Notices received because mistakes in your filing or because of the payor refusal to provide needed information as well as the establishment of procedures for the correct processing of B-Notices.
Agenda:
- Reminders and what’s new in B-Notice processing
- IRS B-Notice processing timelines
- Reasons for receiving a B-Notice list and how to cut down on such notices
- Step-by-step tips for performing your own due diligence prior to reaching out to vendors
- B-Notice related TIN solicitation best practices in first B-Notice situations
- Guidance on how to recognize when you are in a second B-Notice situation and what to do in response
- B-Notice response do’s and don’ts
- A discussion of how to recognize differences between B-Notice and penalty notice procedures
Speaker
Steven Mercatante
Steven Mercatante, TIR Consulting LLC, is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, Accounts Payable Now and Tomorrow, Progressive Business Conferences, The Center For Competitive Management, and more.
He is also a published author, with numerous articles published on tax and financial law, and he has authored and published a series of tax guides on topics such as: W-9/1099 & W-8/1042-S compliance and reporting, payment cards, U.S. State & Local Reporting, worker compensation issues, international tax compliance, and more.