Description

CP-2100 letters come to your business from the IRS. These letters notify you that the social security number you put on a 1099 doesn’t match what’s in the IRS’s system. For example, the social security number of a contractor. When your business receives such a letter, you must take action by sending a “B Notice” to the other party.

This webinar will discuss how you can take steps to avoid CP-2100 letters to begin with, through the IRS’s “TIN Matching” program and proper usage of the Form W-9. We’ll cover more about B Notices in this program, and cover backup withholding.

Learning Objectives:-

By participating in this webinar attendees will be able to:

• Respond to CP-2100 letters that clients receive from the IRS.
• Create B Notices to send to the appropriate party.
• Guide clients through avoiding CP-2100 letters by collecting W-9 information from all contractors.
• Determine the need for backup withholding.

Areas Covered:-

• What are CP-2100 Letters
• Sending out B Notices
• Dealing with backup withholding
• Avoiding CP-2100 Letters altogether
• TIN Matching
• Form W-9
• Another way out of CP-2100: do you need to issue a 1099 at all?
• Bonus content as time allows, relating to contractor vs. employee

Why Should You Attend?

CP-2100 letters can be a hassle for any business that issues 1099s. This webinar will cover how to respond to CP-2100 letters, and how to possibly avoid them in the first place. As time allows we will also delve into employee vs. contractor — is that “contractor” really an employee?

Who will Benefit?

• Accountants
• Bookkeepers
• Office managers
• Human resources professionals
• Compliance professionals