Two 1099 subject matter experts share best practices for responding to B-notices. Get insider secrets on how to respond to the IRS to avoid penalties and headaches.

Earns 1 CEU

Presented by:
John Foertschbeck, IRSCompliance
Linda Foertschbeck, IRSCompliance

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Notification of a B-Notice (CP2100 or CP2100A) is the first step in which the IRS notifies you that you have issued and reported payments to the IRS and that include incorrect payee information that does not match the IRS or SSA databases. As a payer you are REQUIRED to take action. Additionally, the B-Notice is your opportunity to reduce or eliminate penalty exposure that will be sent to you on The TIN Penalty Notice (972CG) at a future date.

With the increased scrutiny that the IRS has placed on requests for abatement and the enforcement of the regulations, ignoring notices or not demonstrating due diligence by complying with the regulatory procedures that a payer is required to follow can place your company at risk for costly penalties.

Additionally, there is a proposal in the House of Representatives to eliminate the exclusion for reporting payments issued to corporations and to increase the current penalty amounts up to five (5) times the current amounts. Passage of this bill (which many say is likely) could significantly increase the number of 1099's you will be required to report, thereby increasing B-Notices and penalties. With the proposed increase in penalty amounts, your company's exposure could be significant.

It is now more important than ever to focus on your procedures and improve communication with your payees.

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This information-packed program reveals how to improve B-Notice processing and establish reasonable cause to abate penalties. Order now to:

• Explore steps to correctly handle, process and file the B-Notice
• Determine which payees who appear on the notice need not be contacted
• Identify the deadlines for processing the notice
• Determine how many times within a three-year period a payee has appeared on a notice
• React when a payee does not respond to your B-Notice solicitations
• Learn about backup withholding regulations
• Respond to an IRS 972CG Penalty Notice and avoid paying the penalties
• Use your B-Notice processing procedures to get the IRS to waive the penalties
• Eliminate or reduce B-Notices and penalty notices in the future

You’ll come away with strategies guaranteed to improve your processes, reduce penalties and reduce your exposure for B-Notice, related penalties and withholding exposure.

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Pricing:
TAPN member CD- $149
Non-member CD- $199

Best offer: Order the entire 1099 Compliance Series on CD for only $499 for TAPN members or $699 for non-members — a savings of more than 50%!

(Please note that there will be a $6.95 charge for Shipping and Handling on CD orders.)

About our expert presenters:

John Foertschbeck, CPA, CFO at IRSCompliance, has extensive experience in providing and managing tax compliance services and consulting related to tax reporting software and associated full services with more than 20 years of experience. He has been responsible for the management of consultation and implementation services of tax software for clients (Fortune 500) that present complex business models in the integration and conversion process. Specific experience includes providing service directly to clients for the purposes of managing and maintaining compliance with information reporting requirements for 1099, W2, 1042S payments to the IRS, SSA and state agencies. He was also responsible for researching all requirements regarding information reporting and ensuring that the solutions provided were functioning in full compliance. John has a BS in Accounting from the University of Maryland.

Formerly, John was with the Tax Controversy Services Group for Deloitte Tax, LLP, managing services to U.S. and international companies for both 1099 and 1042-S regulatory reporting, certification and withholding.

Lynda Foertschbeck, Executive Vice President, 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’s experience includes the development and enhancement of many proven tax software and service solutions for 1099, W2, 1042-S 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.

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7 important benefits of purchasing this webinar:

1. Affordable: You can train your entire staff for one low fee. Gather your team for maximum benefit.
2. Easy: No special equipment needed.
3. Convenient: No travel away from the office...minimal time away from normal duties.
4. Continuing Education Credit: Attendees may receive 1 CEU.
5. Top-notch instructors: Real-world experience and accomplishments.
6. Our Pledge: Your satisfaction.
7. Immediate Payback: You'll learn practical skills you can apply immediately to avoid penalties.

Continuing Education: This webinar on CD by The Accounts Payable Network qualifies for 1 CEU for the IOMA/TAPN Accounts Payable Certification Programs, and 1 CPE credit from NASBA.

The Accounts Payable Network is registered with the National Association of State Boards of Accounting (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 credits. 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.