Self-Study Course Details
Course Description

IRS due diligence rules are more complicated than ever. Whether you are new or seeking an update this course will provide CPA’s, Accounts Payable, Payroll, and Tax professionals with plain English guidance to help minimize filing and due diligence mistakes while breaking down the toughest IRS backup withholding, TIN verification, B-Notice, and Penalty Notice response situations.

In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more difficult problems experienced by CPA’s and accounts payable and tax departments while identifying key issues and best-practices for addressing them.

Learning Objectives
  • Understand IRS B-Notice and Penalty Notice response procedures and learn the best approach to handling each of these unique situations while avoiding or getting IRS penalties waived
  • Identify TIN validation best practices with a focus on situations when multiple names are provided, handling undocumented payees, exempt organization payees, and IRS TIN Match Program best practices
  • Discover changes in the law involving the new Form 1099-NEC and revamped 1099-MISC as well as backup withholding tips to make your job easier, including a detailed discussion of the Form 1099-MISC Box 4 and Form 1099-NEC backup withholding versus usage of Form 945
  • Identify tips for avoiding painful mistakes when handling negative IRS interactions
  • Recognize how to leverage the IRS Form W-9 to identify the reportable payee in situations most likely to lead to penalty such as when you pay: sole proprietors, LLCs, payee's merged or bought by another, S-Corps, exempt organizations, agents, or middlemen
Prerequisites
  • None
Advanced Preparation

None

Author Details
  • Steven Mercatante
    Steven Mercatante

    Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Aurora Training Advantage, IAPP, Balance Consulting, The Accounts Payable Network, Accounts Payable Now and Tomorrow, Progressive Business Conferences, The Center For Competitive Management, and more.

NASBA Sponsor
  • National Registry of CPE Sponsors for the QAS self-study delivery method
    Encoursa 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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
IRS Approved
  • National Registry of CPE Sponsors for the QAS self-study delivery method
    Encoursa LLC is an IRS-approved continuing education provider. Provider #: KKRBE

$40.00

CPE
  • Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.

    Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.

    For specific instructions on accessing your CPE, please see our FAQ section on our support page.

  • Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.

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