Improve Your IRS Compliance: Use Best Practices for TIN Solicitation
Craig Taggart has almost a decade of experience in the fields of Mergers & Acquisitions and Business Financing. He has been an expert GRC speaker, consultant, and instructor for over 4 years. Craig has spoken on a very broad range of topics in both seminar and webinar formats. He has been happy to grow his business practice and benefit many professionals around the country. He brings many valuable skills from the finance world into the commercial real estate. Craig works with each client at the highest level to achieve the highest value for their business. His experience in the M&A Industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients. He has represented and sold many businesses in a number of different industries and has significant experience working with companies in real estate, clean energy, and healthcare. Craig is currently working with institutional investors, family offices and their investment criteria for large commercial real estate development opportunities around the country with the following asset classes: hospitality, office, industrial, retail, multi-family, land, healthcare & non-performing notes. As an associate, Craig will work to help his clients receive the greatest return on investment.
Craig is a Certified Merger & Acquisition Advisor, Accredited Valuation Analyst as well as an active member of Alliance of Mergers and Acquisition, and The National Association of Certified Valuators and Analysts (NACVA).
This IRS regulatory compliance training will explain the Best TIN Solicitation Best Practices. While TIN solicitation might sound too lascivious for the legitimate business world, it is critical that every organization take this task seriously. For if they don't, a very uncomfortable and costly audit with the IRS is likely to ensue.
- Identify all required TIN information you need to collect
- Design a best-practice TIN solicitation process
- Recognize outdated TIN collection practices
- Determine who should sign up for IRS TIN Matching in your organization
- Incorporate appropriate TIN solicitation practices into your new vendor operations
- Identify those situations when you should require a new W-9
Who Should Attend
- Accounts payable supervisor
- Accounts payable director
- Accounts payable manager
- Tax reporting manager
- Information Reporting (tax) professionals
- Assistant accounts payable manager
- Disbursements manager
- Accounting Manager
- Accounts payable associate
- Assistant controller
- Accounting Manager
Why Should Attend
If you've heard that the IRS budget is likely to be cut and think that means good news for your organization when it comes to audits, think again. The indications are that enforcement in relation to information reporting errors will be up. This is nothing to worry about as long as your organization is doing what it is supposed to be doing when it comes to reporting income paid on Forms 1099. Now, more than ever it is important that you utilize best practices with regards to collecting and reporting taxpayer identification numbers and income as required. In this newly-created program you will learn exactly what you should be doing to comply with IRS regulations.