IRS Information Reporting Overview 2022 | ProBank Austin | 21 June 2022 | Online
Venue
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| Event Date |
Tue Jun 21 CDT (over 2 years ago)
In your timezone (EST): Tue Jun 21 1:00am - Tue Jun 21 1:00am |
| Location | Online |
| Region | Americas |
Details
Financial institutions always can be assured of one thing: when providing or receiving products/services, there is likely going to be a tax issue (e.g., income or deduction), and therefore will have to comply with a variety of requirements to report information to the IRS and its customers. Unfortunately, IRS rules and reporting responsibilities are complex, extensive, and overwhelming.
This webinar will present an overview of the IRS reporting system, including a discussion of the rules regarding payments made to U.S. and foreign persons, including customers and vendors, as well as the importance of backup withholding and the possibility of penalties.
Please note that separate webinars conducted at the end of the year will review the forms on which we are required to report, including the 1098, 1099s, and 1042-S.
Here’s What You’ll Learn:
• Importance of IRS Taxpayer Identification Numbers (TINs)
• Events that require a certified TIN and how to obtain (W-9)
• TIN Matching program
• Overview of the rules regarding foreign persons, including the W-8
• The basic IRS reporting requirements, a schedule for reporting, and corrections
• Backup-withholding and penalties
Who Should Attend?
The institution may select the appropriate personnel for each program. This may include compliance, deposit and lending operations, collection and foreclosure, accounts payable, and auditors.
Speakers
2022 Speaker
PRESENTER:
Anetria Cohen
Vice President, ProBank Austin
Sponsors & Partners
2022 Partners
• Utah Bankers Association
• NC Bankers
• Montana Bankers Association
• Indiana Credit Union League
• IOWA Bankers
• CBA
• WVBA
• IBAT
• PA Bankers
• CBAO
• Tri State League of Financial Institutions
• NYBA
• Maryland Bankers Association
• Louisiana Bankers Association
• Independent Bankers of Colorado
• Oregon Bankers Association
• Kentucky Bankers Association
• Washington Bankers Association
• Virginia Bankers Association
• Tennessee Bankers Association
• MBA
• NHBA
• Idaho Bankers Association
• BCAC
• Indiana Bankers Association
• OBL
• South Carolina Bankers Association
• NC Bankers Association
• New Mexico Bankers Association
• Oklahoma Bankers Association