Description:

IRS CP-2100 letters are sent by the Internal Revenue Service (IRS) to businesses who have filed information returns (1099s) with missing or incorrect taxpayer identification numbers (TINs). These letters serve as a warning to payers about their non-compliant filings and provide instructions for correcting the errors. Responding promptly and accurately to CP-2100 letters is essential to avoid penalties and maintain compliance with tax regulations. This webinar will cover how to deal with CP-2100 letters and how to avoid them in the first place.

Session Highlights:

• What are CP-2100 letters?
• Sending B Notices to Contractors
• Effectively using Form W-9 to avoid CP-2100 letters (and most other 1099 issues)
• The IRS’s “TIN Matching Program”
• Backup withholding and what happens if you don’t do it — a bigger deal that you would think!

Learning Objectives:

CP-2100 letters can be a hassle for any business that issues 1099s. This webinar will cover how to respond to CP-2100 letters and possibly avoid them in the first place. As time allows we will also delve into employee vs. contractor — is that “contractor” really an employee?

Speaker Profile:

Jason Dinesen (EA, LPA) is a tax nerd,entrepreneur, tax expert and a well-known presenter of continuing education courses. Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more. He has presented over dozens of webinars on Form 1099 (for 10 years on this subject!); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting. He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics. Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa. Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 4 cats and 2 dogs. His other hobbies include being a season ticket holder to University of Iowa football.