Handling W-9s, W-8BENs & IRS Mismatches
Stop IRS mismatch penalties before they reach your institution. This session will help institutions connect account setup, tax certification, and IRS reporting processes to prevent avoidable W-9 and W-8BEN TIN mismatch issues.
KEY WEBINAR TAKEAWAYS
- How to complete the W-9 and W-8BEN
- Setting up name for complete match to the IRS records
- Cultural differences for Hispanic, Asian, and other names
- What the IRS reads when checking name matches
- The TIN match program at the IRS
- Differentiating between SSN, EIN, and ITIN
- How to connect the 1099 Int and the 1042S to front-of-the-house opening procedures
BONUS MATERIALS
- Withholding Manual
WEBINAR DETAILS
Just got your CP2100 with an $8000 fine? If your institution is fined, it suggests there is a breakdown between the front of the house and the back of the house in account setup. This should never happen and yet institutions are fined every year for very simple things that can be avoided. Learn how to connect new accounts to IRS reporting and never get fined again.
