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CP-2100 letters come to your business from the IRS. These letters notify you that the social security number you put on a 1099 doesn’t match what’s in the IRS’s system. For example, the social security number of a contractor. When your business receives such a letter, you must take action by sending a "B Notice" to the other party. This webinar will discuss how you can take steps to avoid CP-2100 letters to begin with, through the IRS’s "TIN Matching" program and proper usage of the Form W-9. We’ll cover more about B Notices in this program, and cover backup withholding.
Why you should Attend
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 how to possibly avoid them in the first place. As time allows we will also delve into employee vs. contractor - is that "contractor" really an employee?
Areas Covered in the Session
- What are CP-2100 Letters
- Sending out B Notices
- Dealing with backup withholding
- Avoiding CP-2100 Letters altogether
- TIN Matching
- Form W-9
- Another way out of CP-2100: do you really need to issue 1099 at all?
- Bonus content as time allows, relating to contractor vs. employee
Who Will Benefit
- Office Managers
- HR Professionals
- Business Owners
Jason T. Dinesen , LPA, EA is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of educational seminars. Dinesen majored in corporate communications with a minor in management from Simpson College. He started his practice in 2009 and became a public accounting firm in 2013. Jason has been presenting on various tax topics since 2012, and now gives webinars almost daily.