On-demand Webinar: IRS B Notice and Penalty Notice Required Actions and Best Practices

The 2022 edition of this essential tax compliance training program will provide updates on the current IRS administrative procedures for Notice CP 2100 (“B Notice”) and Notice 972CG (information return penalty assessment against your organization).

You’ll learn best practices which better equip you to handle these important Notices when the IRS issues them to your organization, including the three stages of compliance: (1) the initial vendor setup (which can “make or break” your compliance capability); (2) the actions you’re required to take within strict time limits when the IRS CP2100 B Notice is issued to your organization; and (3) how certain fact-based, detailed and timely response to IRS Notice 972-CG can prevent assessment of the proposed penalty amount.  We’ll cover:

• Best practices for vendor setup and solicitation of TINs (taxpayer identification numbers)
• Resources to validate whether a tax ID number matches your 1099 reportable payee’s name
• Backup withholding federal income tax from certain payments and making federal tax deposits when required by tax regulations
• Steps for correct processing of B Notices (CP 2100/2100A) issued to your company by the IRS
• Responding to IRS proposed penalty notices (972CG) using your documented TIN solicitation, B Notice and backup withholding history.

Learning Objectives:

• Solicit tax identification numbers from payees as required by tax regulations
• Apply backup withholding to certain payments as required by tax regulations
• Implement payee and IRS correspondence and recordkeeping for regulatory compliance and defense against information return penalty assessments.

Featured speaker:

Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC

Marianne Couch, JD, is a Principal in the Cokala tax group and an experienced and well-known advisor on U.S. federal and state tax information reporting compliance.  She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance, The Master Guide to Form 1042-S Compliance and numerous published articles. Prior to co-founding Cokala in 2007, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions.           

Marianne was an appointee for three years to the IRS Commissioner’s Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues. 

Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions.  She received her JD, cum laude, from the Michigan State University School of Law, and is a member of the State Bar of Michigan.

Continuing education credits available!

 Continuing Education for IOFM Certification

Receive 2 CEUs toward maintaining a certification with IOFM! IOFM's premier certification programs are designed to establish standards for the industry and recognize financial operations professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the body of knowledge in their profession. Additional rules may apply, depending on your certification. See full guidelines here. 

Accessibility Information:

IOFM is committed to accessibility. Disability-related accommodation requests for the live event (such as providing live captioning) should be sent to [email protected] by close of business the day before the live webinar. A captioned recording of this webinar can be made available upon request to [email protected].

Cancellation policy:

To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!

For more information:

Contact Customer Service:

Phone: (207) 842-5557

Email: [email protected]