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IRS Reporting, B Notices, Fines & Penalty Letters

Nov 09 2:30 PM - Nov 09, 2022 3:30 PM
Nov 09, 2022 2:30 PM - 3:30 PM
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Year-end predictably brings IRS reporting requirements and deadlines. This timely training will help you master W-9s, W-8BENs, CP2100 and B notices, and comply with FATCA. Now’s the time to master best practices for compliance and efficiency.

Learning Objectives

  • W-9 line-by-line review
  • W-9 and FATCA exemption codes
  • SSNs, ITINs, and EINs – who needs what
  • Reporting on Forms 1099-INT and 1042-S
  • How to handle name and TIN mismatches
  • CP2100 and B notices and penalty letters with fines
  • How the IRS sets up name control files
  • Line-by-line instruction on the W-8BEN and W-8BEN-E
  • What is a nonresident alien? What if there is no country address?
  • FATCA basics and how it impacts your organization
  • Documenting GIIN for foreign financial institutions

This program will provide a line-by-line review of IRS Forms 1099-INT and 1042-S and subsequent tax reporting. It will focus on what financial institutions have to do from the tax reporting and documentation standpoint to be prepared for FATCA. The program will also address the impact on 1042-S reporting changes for nonresident aliens. Your job as a withholding agent has never been so important and the forms emphasize your important role in the tax reporting chain that affects this country and accounts for US persons overseas.

Agenda

Speakers

Deborah L. Crawford, Gettechnical Inc.

Deborah Crawford is the President of Gettechnical Inc., a Florida based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.

Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs. 

Location

Fees

$259.00 

Live and recorded webinar, handouts, quiz with answer key and training log are included.

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

Webinar

Topics Covered

  • Member Service
  • Live Webinars
  • Compliance