Home
0
Home
Use Landscape to see Search/Filter
Item Types:
Field of Study:
Authors:
CPE Hours:
Keyword:
Course Details

W-9 Best Practices (Course Id 1582)

New / QAS / Registry / EA   Add to Cart 
Author : Steven D Mercatante, Tax Attorney, Author
Status : Production
CPE Credits : 2.0
IRS Credits : 2
Price : $17.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 1582

Description :

IRS Form W-9 requires organizations like yours to collect very specific information about your payees. Besides regulating withholding, payers must make sure that the forms are current, complete and accurate. How can you ensure a proper form that will not subject your company to penalties, interest or tax?

In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems experienced by CPA’s, accounts payable, and tax departments related documenting and validating payee information using the IRS Form W-9. He not only identifies the issues, but offers solutions and best-practices for addressing them.

Usage Rank : 0
Release : 2019
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 21-Oct-2019
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 1582

Keywords : Taxes, W-9, Best, Practices, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Create processes for dealing with recent IRS changes to the Form W-9 and a discussion of the Form 1099-NEC vs. the 1099-MISC
  • Develop policies for validating IRS Form W-9 and get record retention tips
  • Identify strategies for dealing with Form W-9's when multiple names are provided, handling changes in payee information, validating exempt organization payees, and validating your W-9s using the IRS TIN Match Program
  • Create practices to capture key W-9 data points for use in subsequent 1099 reporting
  • Develop strategies for leveraging the W-9 in B-Notice situations
  • Pinpoint steps that should be taken to handle W-9s from problematic payees such as sole proprietors, single member LLCs, partnerships, LLCs owned by other entities, and corporations
  • Discover backup withholding tips to make your job easier, including a detailed discussion of the Form 1099-MISC Box 4 versus usage of Form 945
Course Contents :

Chapter 1 - W-9 Best Practices

Introduction

Key W-9 Trouble Spots

When You Need to Update Forms W-9

W-9 Red Flags For Non-U.S. Payees

Why Use a W-9 to solicit TIN for 1099 Reporting?

Your Payee Refuses to Provide Their TIN on the W-9

W-9s and the U.S. vs. Non-U.S. Debate

Validating the W-9: Watch Out for Corporations and LLCs

The IRS TIN Match Program

Your Payee Claims To Be An Exempt Organization: What To Do

Backup Withholding And Reporting

B-Notice Response Best Practices

W-9 Record Retention Tips 

Glossary

CPE Taxes Course: https://www.cpethink.com/tax-cpa-courses
Thank you for taking one of our free courses. Please select “Ok” so that we and the author can let you know about other free courses and special offers. If not please reply "No Thanks". Either way enjoy your free CPE course!
  
Exam completed on .

Do you want to add the course again?