Auditing IRS Forms & Controlling Errors: W-8, W-9, Backup Withholding, Remittances & Annual Filings

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When Congress and the IRS create rules so complex even they aren’t sure what they mean, you may get different answers to your questions depending on which IRS employee answers the phone.  Before you can audit, you must first understand the topic.  This program will unravel the mysteries surrounding the various Forms W-8 and W-9, backup withholding rules, remittances, and annual 945/1042 filings.  It will also include a variety of internal controls, reconciliation, and audit techniques to use throughout the year and at year end to improve your process and minimize errors.  Controlling errors reduces your risk of IRS penalties and potential liability and instills customer/vendor confidence in your financial institution.

Continuing Education: Attendance verification for CE credits provided upon request.

HIGHLIGHTS
•    Resources – where to find information
•    Who is exempt from backup withholding and when?
•    Payment types requiring backup withholding
•    Forms W-8 and W-9 – which form to use and how to complete it
•    Remittance rules
•    Annual filings
•    Audit tips:  daily forms/review, periodic reports, reconciliations, scrubbing data, etc.

WHO SHOULD ATTEND?
This informative session is for senior bank management, compliance officers, internal auditors, and any staff responsible for obtaining appropriate TINs and/or certifications, handling remittances, filing annual reports, reviewing, reconciling, testing, scrubbing, auditing, etc.

MEET THE PRESENTER
Rhonda Hudson,
Compliance +, Inc.