W-9 Deposit Account Set-Up and Interest Reporting: B Notices and Back-Up Withholding Webinar

Our job as a withholding agent for the IRS is more complicated than ever. Now that the new FATCA rules are in effect, establishing the account holder as a US Person and having them sign a more complicated W-9 is a difficult process. Adding the W-8BEN and W-8BENE increases the degree of difficulty.

We will look at the name control match process, the IRS CP2100 process, how your institution may begin back up withholding, and many other issues. Learn how to get the forms right at new accounts so the IRS reporting is correct and in compliance.

Covered Topics

  • Line by line review of the W-9
  • How simple errors in account set up can cause you IRS reporting problems
  • What happens when name and TIN do not match? B notices and fines
  • How does the IRS set up name control files?
  • What happens when your customer’s name changes
  • What is difference in SSN, EIN and ITIN?
  • What is a disregarded entity?
  • How do trusts report? Revocable and Irrevocable?
  • Husband and Wife on an LLC
  • Why there are four different options for an LLC
  • Can you use an SSN for an estate or nonprofit organization
  • What are the exemption codes for corporations, public funds, IRAs?
  • IRS reporting on the 1099 Int

Who Should Attend?

This webinar will benefit deposit operations, deposit compliance, new accounts, bookkeeping, IRS reporting specialists, and any person who opens accounts or reports interest to the IRS.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Instructor

Deborah Crawford
Deborah Crawford

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit R... read more.

Course Title Credits Start Date Start Time Delivery Type Delivery Option Instructor / Location Price
W-9 Deposit Account Set Up Interest Reporting-B Notices and Backup Withholding 0.25 Any Any Webinar Six Month On-Demand Recording Deborah Crawford $295.00 Register Now
W-9 Deposit Account Set Up Interest Reporting-B Notices and Backup Withholding 0.25 Any Any Webinar CD-ROM Video Recording Deborah Crawford $345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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