Intricate regulations govern the process under which the IRS assesses penalties against your Form 1099 filings, and how your organization may exercise the right to contest and show cause for abatement of those penalties.
Join us for an up-to-date look at how this process operates today, including simplified steps for avoiding, responding to, and winning abatement of proposed penalties:
- What causes the IRS system to initiate the penalty process for an incorrect payee name; incorrect payee TIN; incorrect dollar amounts; filing late; filing on paper when electronic filing was required
- What the most recent revisions to the Internal Revenue Manual show us about IRS processing of responses to proposed penalty Notice 972-CG
- TIN solicitation rules that can make or break a winning abatement request
- How the “B Notice” process fits into the penalty regime
- Rules for a penalty abatement request to the IRS
- Identify steps to add or update for penalty avoidance in your organization’s internal tax compliance workflow
- Identify components listed in regulations for the penalty abatement letter to IRS
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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