On Demand Webinar

Avoiding IRS Penalties

Webinar Details$219

IRS Form 972-CG proposed penalty notices are typically issued each year in August. But waiting to prepare until you get a notice is a huge mistake. Don’t wait. There are a number of steps you can take ahead of time that will dramatically lessen your chances of getting penalized.  Learn what action to take NOW by following IRS due diligence rules to reduce, if not eliminate these fines.

Please join us on for 100-information packed minutes as tax expert Steven Mercatante, Esq. explains how to:

•    Identify W-9 document collection and validation steps that will lessen the chance of incurring penalty
•    Discover how to use the IRS TIN Matching Program and TEOS tool to validate problematic and potentially 1099 reportable payees before you file
•    Get an overview of the IRS "reasonable cause" test so you know what documentation to have on file if a penalty is ever proposed
•    Sharpen your backup withholding and B-Notice processing procedures to avoid penalty
•    Reduce the chances payments to highly problematic LLC and Sole Proprietor payees will lead to penalty
•    Respond to filing mistakes by following proper corrections procedures


Guest Speaker

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 Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, Accounts Payable Now and Tomorrow, Progressive Business Conferences, The Center For Competitive Management,... View Full Profile