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Tax Identity Management: Best Practices Before Season


Thursday, July 25, 2024 | 2:00PM - 3:45PM Eastern Time

The most common factor affecting 1099 reporting accuracy stems from discrepancies between recipient names and their corresponding Tax Identification Numbers (TINs). Ensuring the accuracy of Name/TIN combinations before filing is a crucial aspect of the tax information reporting process. 

Failure to address these mismatches often bears the highest penalty risk for organizations. These penalties can reach up to $310 per form, with larger organizations facing an annual maximum penalty of more than $3.7 million.

Beyond the financial penalties, the fallout from reporting errors extends to the operational realm, necessitating additional time and resources for payee outreach and corrections, taking away from other business-critical goals.

This session will cover all you need to know about tax identity management, including:

  • An overview of tax identity management
  • How to proactively validate TIN information
  • Comprehend ways to identify fraudulent individuals before issuing payments
  • Understand best practices for handling IRS “B” and “P” notices

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Featured speakers:

Brandon Anderson
Supervisor, Compliance Services, Sovos Compliance

Brandon is a Compliance Services Supervisor at Sovos. Brandon started at Sovos 5 years ago as a Managed Services Representative, before moving to his current role as Compliance Services Supervisor. Throughout the entirety of his tenure, Brandon has worked with our Tax & Regulatory Reporting line of business servicing 1099 & ACA clients. Brandon received his degree in Mathematics & Business Management from University of Wisconsin - Superior.

Jesse Rooney
Regulatory General Counsel, Sovos Compliance

Jesse is part of Sovos’ Senior Regulatory Counsel. His research focuses primarily on tax information reporting. Jesse graduated with his JD from UMass School of Law, has been with Sovos for 6 years and is a member of the Massachusetts bar.


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: For more information about our NASBA CPE Policies, visit

Accessibility Information:

IOFM is committed to accessibility. Disability-related accommodation requests for the live event (such as providing live captioning) should be sent to [email protected] by close of business the day before the live webinar. A captioned recording of this webinar can be made available upon request to [email protected].

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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