Form W-9: Payee Identification and Tax
Determination Webinar - Accounting / Accounts Payable Webinar
1-Hour CareerTrack Webinar
Have you ever wondered what to do with payees who need a 1099-MISC but
never completed a W-9?
Has the IRS has sent you a letter stating your company should have withheld
money from past payee disbursements and demanding immediate payment of 28% of
Find out how these, and other, sticky situations can be avoided with a proper
understanding of Form W-9.
Getting the information you need from payees can be difficult even when you
know exactly what you’re looking for. Those problems are compounded when the
forms and rules are complicated, hard to understand, harder to follow and
fraught with sometimes scary consequences. You may receive a B Notice, or
discover one of your payees withheld the fact that he or she is not a U.S.
Citizen. Knowing the rules governing back-up withholding and the Form W-8
series can prepare you to handle these circumstances with confidence.
Understanding the W9 information-gathering techniques the IRS regards as
acceptable lets you know just how creative you can be in your approach without
crossing the line. The more effective your information collection efforts are,
the less likely it is that your company will be charged penalties and interest
related to non-compliance.
Many companies cost themselves a lot of money by neglecting one of the
simplest tasks the IRS asks them to perform. Fines and penalties for improper
handling of processes surrounding the W-9, W-8 and associated reporting
requirements may be as little as $50, but they can exceed 30% of total payment
made to each payee. These simple, money-saving processes are neglected by
accounting departments across the country. Take this one-hour webinar to avoid
being one of them.
In this one-hour webinar, Form W-9: Payee Identification and Tax
- Identify W-9 payees
- Avoid common misconceptions about the W-9/1099 relationship
- W-9 information collection options
- Understand the B Notice Process
- Identify who should complete one of the W-8 series forms and why
- Fulfill backup withholding responsibilities
- Know the difference between a U.S. Resident and Non-Resident Alien
- Send Form 1042-S to the appropriate payees
- Avoid penalties for late filing or non-compliance
- ‘Willful Neglect’ and what constitutes ‘Reasonable Cause’
- Tips for collecting W-9 information from difficult payees
- Bonus benefits you will reap for having good W-9 procedures
Who will benefit?
•Accounts Payable Professionals
•Other professional people who have any input into the hiring or selection of
people will find this Webinar to be very valuable.
WEBINAR Start Time: 1-Hour CareerTrack Webinar
2 pm Eastern
1 pm Central
12 pm Mountain
11 am Pacific
10 am Alaskan
9 am Hawaiian
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Immediately following the Webinar, the phone line
will be opened up to conference participants who wish to submit questions to our
speaker, time permitting.
After purchase, you will receive an email
confirming registration. 2 days before the event you will receive another email
with full details of how to connect.