W-9 Deposit Account Set Up and Interest Reporting - B Notices and Back Up Withholding

$265 Wednesday, March 3, 2021 10:00 AM Register

Now that the new FATCA rules are in effect, establishing the account holder as a US Person and having them sign a more complicated W-9 is a difficult process. Adding the W-8BEN and W-8BENE increases the degree of difficulty.

We will look at the name control match process, the IRS CP2100 process, how your institution may begin back up withholding, and many other issues. Learn how to get the forms right at new accounts so the IRS reporting is correct and in compliance.

Covered Topics

  • Line by line review of the W-9
  • How simple errors in account set up can cause you IRS reporting problems
  • What happens when name and TIN do not match? B notices and fines
  • How does the IRS set up name control files?
  • What happens when your customer’s name changes
  • What is difference in SSN, EIN and ITIN?
  • What is a disregarded entity?
  • How do trusts report? Revocable and Irrevocable?
  • Husband and Wife on an LLC
  • Why there are four different options for an LLC
  • Can you use an SSN for an estate or nonprofit organization
  • What are the exemption codes for corporations, public funds, IRAs?
  • IRS reporting on the 1099 Int

Who Should Attend?

This webinar will benefit deposit operations, deposit compliance, new accounts, bookkeeping, IRS reporting specialists, and any person who opens accounts or reports interest to the IRS.


Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.

Registration Options

  •  “Live” Web connection - $265
  •  6-month “OnDemand” website link only - $295
  •  CD-ROM and e-materials only - $345
  •  Live plus OnDemand website link - $365
  •  Premier Package:  Live, OnDemand link, and CD-ROM plus - $395

$265 Wednesday, March 3, 2021 10:00 AM Register