Federal Tax Backup Withholding, Tax Deposit, and Year-end Form 945 Filing

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Thursday, November 12, 2020 | 2:00PM - 3:45PM Eastern Time

This new webinar provides compliance training for nonwage withholding of federal income tax from the types of payments made by Accounts Payable.  Failures to withhold the tax when required, failures to make timely electronic federal tax deposits of nonwage withholding, and failures to timely file an accurate Form 945, Annual Return of Withheld Federal Income Tax, all expose your organization to monetary penalties – and are the focus of an intensifying campaign of compliance enforcement by the IRS.  Join us to learn essential information for these issues:

  • Are you withholding 24% from payments to Form 1099-MISC or 1099-NEC reportable payees that haven’t furnished their tax ID number?
  • Are you performing the detailed actions required upon receipt of a CP2100 “B Notice” from the IRS, and withholding 24% from payments to listed payees that fail to furnish the specific new documentation required by the B Notice?
  • Are you monitoring nonpayroll withholding liability amounts and making “945” coded deposits by each due date in the federal EFTPS system?
  • Are you filing a balanced annual Form 945 to the IRS by the due date each year?  

Learning objectives: 

  • Identify the federal regulatory requirements for nonwage backup withholding, federal tax deposit of nonwage withholding, and Form 945 filing.

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Featured speaker:

Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC

Marianne Couch, JD, is a Principal in the Cokala tax group and 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, The Master Guide to Form 1042-S Compliance and numerous published articles. Prior to co-founding Cokala in 2007, 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.  

Marianne was an appointee for three years to the IRS Commissioner’s 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. 


Continuing education credits available!

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Receive 2 CEUs toward maintaining a certification with IOFM! IOFM's premier certification programs are designed to establish standards for the industry and recognize financial operations professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the body of knowledge in their profession. Additional rules may apply, depending on your certification. See full guidelines here

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Receive 1.5 CPEs towards a CPA license with NASBA. IOFM, A Diversified Business Communications Company, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors (Sponsor number: 112048) State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information about our NASBA CPE Policies, visit IOFM.com/nasba-cpe.


Cancellation policy:

To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!


For more information:

Contact Customer Service:

Phone: (207) 842-5557

Email: [email protected]

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