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Complete 1099, TIN Matching, B-Notice, FATCA and Nonresident Alien 1042-S Compliance Update

ComplianceOnline

Thursday, June 28, 2018 at 8:30 AM - Friday, June 29, 2018 at 4:30 PM (CDT)

Complete 1099, TIN Matching, B-Notice, FATCA and...

Ticket Information

Ticket Type Sales End Price Fee Quantity
Seminar One Registration (Early bird price)
(Registrations till April 30, 2018 - $899)
Ended $899.00 $0.00
Seminar One Registration 3d 17h 23m $1,299.00 $0.00

Share Complete 1099, TIN Matching, B-Notice, FATCA and Nonresident Alien 1042-S Compliance Update

Event Details

Course Description:

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. Compliance is far less expensive than the alternative.

  • Are you in compliance with the regulations surrounding data collection, backup withholding and information reporting?
  • How do you determine whether you can accept a W-9 from someone or if 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 a Nonresident Alien’s (NRA’s) payments?

This seminar will focus on addressing these issues and many more compliance and regulatory issues pertaining to IRS forms 1099 and 1042-S. It will also address compliance with Title 26, CFR 1402(b) & (c), employee v. independent contractor distinction, and 1441 (withholding of tax on nonresident aliens and foreign corporations) mandates.

In this two day workshop, participants will learn how to identify independent contractors and non-resident aliens. We will analyze case studies to:

  • Ensure you fully understand the most efficient process
  • Communicate effectively with the payee to obtain correct and properly executed Form W-8 or W-9 from the payee
  • Determine whether and how much must be subjected to backup withholding
  • Confirm whether the name and tax ID of the payee match the IRS databases
  • Expedite the handling of your B-Notices
  • Fight a notice of proposed penalty

In addition, attendees will learn the best method to process 1099 and 1042-S reporting to both your payees and the IRS using best practices.

Due to the enactment of the Foreign Accounts Tax Compliance Act (FATCA), the course will address issues related to the use of forms W-9 and W-8 to comply with both Chapters 3 and 4 of the internal revenue code.

Through case study analysis, the presenter will illustrate best practices to maximize the performance of your current system. Additionally, case studies will also explore how your management practices can be improved to help ensure complete regulatory compliance.

Learning Objectives:

On completing this course, participants will:

  • Be well versed in the information reporting process
  • Understand the importance of obtaining forms W-9 or W-8 on all payees
  • Be able to reduce the amount of time and resources necessary to handle the company’s information reporting mandate
  • Be able to minimize the risk and effort involved in performing backup withholding
  • Improve the accuracy of their regulatory reporting process
  • Enhance the relationship between the company and clients/vendors, etc.
  • Be able to help reduce the company’s potential exposure to penalties for noncompliance with information reporting and withholding regulations
  • Have a clear action plan for implementing best practices for compliance

Who Will Benefit:

Individuals with regulatory or quality management systems responsibilities for making general improvements in their organization’s performance specifically related to regulatory compliance will find this course a must attend. This includes the following professionals:

  • Regulatory professionals
  • Information reporting officers
  • Certified payroll professionals
  • Compliance professionals
  • Tax professionals
  • Finance officers
  • CFOs
  • Controllers
  • Bank officers
  • Accounting managers
  • Accounts payable managers
  • Document control specialists
  • Human resources professionals
  • Record retention specialists
  • Legal Professionals
  • IT managers
  • Risk managers

Speaker:

Miles Hutchinson

Miles Hutchinson
CGMA, President of Sales Tax Advisors, Inc.

Miles Hutchinson is a CGMA, and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll and sales & use tax as well as financial modeling & analysis, business strategy and communications.

He is the author of several useful accounting and tax tools. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.

 

For Registration -  http://www.complianceonline.com/form-1099-and-1042-s-irs-guidelines-fatca-best-practices-seminar-training-80238SEM-prdsm?channel=eventbrite

 

Note: Use coupon code  REFERRAL10  and get 10% off on registration.

Have questions about Complete 1099, TIN Matching, B-Notice, FATCA and Nonresident Alien 1042-S Compliance Update? Contact ComplianceOnline

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When & Where


Chicago

Chicago, IL

Thursday, June 28, 2018 at 8:30 AM - Friday, June 29, 2018 at 4:30 PM (CDT)


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Organizer

ComplianceOnline

At ComplianceOnline, we are focused on:

Enhancing global compliance, creating a world where quality and compliance professionals, regulators, and government agencies come together to help the world comply with the intent and the spirit of laws, policies and mandates, ensuring continuous improvement in global operations, quality & safety.

Making sure that we are responsible corporate citizens helping our constituents build a more responsible enterprise, one which operates with high quality , under a code of ethics, and with process discipline to ensure greater shareholder returns.

Keeping things simple and straight forward , so that we all can indeed improve the quality of our processes, our work, our businesses and enhance compliance globally.

Being inclusive, giving the process experts ( & novices! ), compliance professionals, quality champions, and regulatory agencies a voice so that all of us can contribute and make a difference.

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