Audio Conferences

  October 18, 2007 at 02:00PM ET

If you receive an IRS B-Notice and fail to respond in the manner and timeframe required, you not only forfeit your right to have the penalty abated, you could face additional fines!

Why take the chance? Register today for this must-attend interactive audio conference for accounts payable and other corporate finance professionals.

What is a B-Notice? It’s official notification from the IRS that you filed Forms 1099 with erroneous Taxpayer Identification Number (TIN) information.

How do you handle a B-Notice? By painstakingly following every step that is spelled out in IRS B-Notice Regulations.

Why does it matter? Because if you understand the B-Notice regulations, you have a roadmap for avoiding most TIN penalties – penalties that will probably be doubled soon – and a key to obtaining relief from TIN penalties that are proposed to be assessed against your company.

IOMA addresses these issues (and more) in this must-attend audio conference featuring 1099 expert Marianne Couch. AND, you can invite your entire department–for one low price!

DIAL IN & LEARN:

• Which TIN errors cause a B-Notice to be issued
• How to guard against B-Notices being lost in the mail shuffle at your company
• When to expect B-Notices
• How B-Notice compliance flows directly into the process of TIN penalty abatement
• The importance of 28% "Backup Withholding"
• The steps for sorting a B-Notice list into non-actionable and actionable payees
• How to prepare and document the "First" and "Second" B-Notice requirements of IRS Regulations
• The alarming cost of ignoring or misplacing B-Notices; completing only some of the steps; or forgetting the strict deadlines for B-Notice actions
• How to insert TIN compliance into the procurement and payment process.

In addition, putting a company's B-Notice data on CD-ROM is an exciting new IRS project and service, and we will talk about how that implementation has actually been working in real life.

FEATURED FACULTY

Marianne Couch
COKALA Tax Information Reporting Solutions, LLC Marianne Couch, Esq.,is a nationally known advisor and author on U.S. federal and state tax information reporting compliance. She served for many years as Research Director of Balance Consulting, and chaired special training and advisory services provided to large corporations and colleges and universities. Prior to joining Balance Consulting, her professional experience was with a large regional law firm. Marianne is a current member of the IRS Information Reporting Program Advisory Committee, and serves as Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues. She is a frequent lecturer at nationwide professional conferences, and author of numerous articles on tax reporting law and procedure.