Are you required to obtain signed Forms W-9 from all of your U.S. vendors? Perhaps surprisingly, the answer is no. This webinar will address the regulatory requirements for obtaining names and TINs from U.S. vendors; when such TINs or other information must be certified; whether use of IRS Form W-9 is required; when 24% of a payment must be backup withheld; how to avoid backup withholding; how to use backup withholding to incentivize your vendors to give you correct information; and when you might have to send a Form 1099 to a vendor you believe to be foreign. It will also briefly touch on the importance of the IRS B Notice list and proposed penalty notices. (For a more in-depth discussion of B Notice processing and responding to a proposed penalty notice, please see the webinar scheduled for April 4, 2019.)
- Identify if an IRS Form W-9 is required;
- Determine which information you must obtain from your payee/vendor in order to report correctly and avoid backup withholding;
- How to avoid receiving an IRS B Notice list and Proposed Penalty Notice;
- When Form 1099 corrections are required (and when they are not).
Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, a Principal in the Cokala tax group since its founding early in 2007, is an experienced and well-known advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance and numerous published articles. She is a founding partner of Cokala. Previously, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She also formerly served as the executive director of the National Association of Form 1099 Filers, Inc.
Marianne was an appointee for three years to the IRS Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.
Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions. She received her JD, cum laude, from the Michigan State University School of Law, and is a member of the State Bar of Michigan.
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