Complete 1099, TIN Matching, B-Notice, FATCA 2017

  • 1295.00 Dollar US$
  • Published date: September 21, 2017
    • Baltimore, MD, The DoubleTree Baltimore-BWI Airport, United States


Course "Complete 1099, TIN Matching, B-Notice, FATCA and Non-resident Alien 1042-S Compliance Update" has been pre-approved by RAPS as eligible for up to 12 credits towards a participant's RAC recertification upon full completion.

Overview:

For years the IRS has struggled with the independent contractor, the non-resident alien worker, US citizens with foreign financial accounts and tax collection. They have placed the burden on businesses, non-profits and not-for-profits as well as state and local government to report information about taxable payments they make to their account holders, vendors and customers. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding information reporting on taxpayers by payers - the 1099 and the 1042-S. These time consuming reporting obligations can be streamlined in a number of ways.
In order to more accurately match our information reporting to taxpayer's tax returns the IRS introduced an "e-services" portal to help us ensure the names and tax identification numbers provided to us by our payees match their records. It is known as the TIN Matching System. When used properly, this system can reduce the risk of IRS warning letters (CP-2100s/B-Notices) and penalty notices (972-CGs). Every year the IRS sends out millions of CP2100 Notices identifying incorrect names/TINS on 1099's. And these letters have a very short deadline for responding.

Why you should attend:

How do you determine whether you can accept a W-9 from someone or you must request a W-8 instead? What if you send them a 1099 when you should have sent them a form 1042-S.? How will you deal with an IRS demand for the backup withholding you failed to deduct from the Nonresident Alien's (NRA's) payments? The IRS is working hard to reduce the delinquent tax burden. They know we are becoming relatively compliant with our 1099 reporting, but they also know we are far less sure of ourselves when it comes to identifying and performing backup withholding on our NRA's. Collecting the tax due from NRAs working in the U.S. is a Tier 1 audit issue. This tax burden is minimized when companies making payments to NRAs for dependent and independent personal services properly withhold on these payments.
The average cost of a Notice of Proposed Penalty is estimated at US $150,000 including the penalty itself and the added costs for consultants, personnel, remediation of legacy records, etc.


Location: Baltimore, MD Date: November 2nd & 3rd, 2017 and Time: 8:30 AM to 4:30 PM
Venue: WILL BE ANNOUNCED SOON Baltimore, MD

Price:

Price: $1,295.00 (Seminar Fee for One Delegate)
Register for 5 attendees Price: $3,885.00 $6,475.00 You Save: $2,590.00 (40%)*
Register now and save $200. (Early Bird)
Until September 20, Early Bird Price: $1,295.00 From September 21 to October 31, Regular Price: $1,495.00
Register for 10 attendees Price: $7,122.00 $12,950.00 You Save: $5,828.00 (45%)*


Contact us today!

NetZealous LLC DBA GlobalCompliancePanel
john.robinson@globalcompliancepanel.com
support@globalcompliancepanel.com
Toll free: +1-800-447-9407
Phone: +1-510-584-9661
Website: http://www.globalcompliancepanel.com

Registration Link - http://www.globalcompliancepanel.com/control/globalseminars/~product_id=901330SEMINAR?science-marketplace-November-2017-SEO

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