Staying compliant with the IRS's evolving information reporting requirements is essential to minimizing costly penalties, avoiding backup withholding missteps, and navigating complex filing rules. This timely and practical webinar will guide you through the latest updates for 2025 related to B-Notice processing, backup withholding, and IRS penalty abatement. As Form 1099 regulations continue to shift, accounting and tax professionals must ensure they are well-versed in properly handling CP2100 B-Notices, understanding the implications of Form 972-CG, and meeting Form 945 reporting obligations.
Led by corporate tax attorney and industry expert Steven D. Mercatante, Esq., this course breaks down the most challenging IRS correspondence and reporting scenarios that CPA's, Accounts Payable, Payroll, and Tax departments face. Through plain-English guidance and strategic insights, you’ll gain practical tools for managing TIN mismatches, executing accurate backup withholding procedures, and applying the reasonable cause standard for penalty abatement. Whether you’re new to information reporting or need a 2025 update, this session delivers actionable knowledge to improve compliance and reduce risk.
Areas Covered:-
- B-Notice Processing and Distinctions Between First and Second Notices
- Backup Withholding: Escrowing, 1099-MISC/NEC, and Form 945 Reporting
- Strategies for Abating Penalties from Form 972-CG
- Establishing and Proving Reasonable Cause to the IRS
Why You Should Attend:-
- Discover how to process IRS CP2100 B-Notices
- Learn the difference between a First and Second B-Notice
- Break down the Backup Withholding process – including a look at escrowing, and associated 1099-MISC/NEC and Form 945 reporting
- Get IRS Form 972-CG penalty notice abatement strategies
- Discover the importance of reasonable cause and learn a multi-step process to prove it when seeking to have an IRS penalty abated
This webinar is your opportunity to stay ahead of compliance issues and gain confidence in handling some of the IRS’s most technical notices and penalties. You’ll walk away better equipped to safeguard your organization against costly errors and audits.
Who Would Benefit from this Webinar:-
CPA's, Accounts Payable, Payroll, and Tax professionals who handle IRS Forms 1099, CP2100, and 972-CG or manage payee TIN compliance processes.
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Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, Accounts Payable Now and Tomorrow, Progressive Business Conferences, The Center For Competitive Management, and more.
He is also a published author, with numerous articles published on tax and financial law, and he has authored and published a series of tax guides on topics such as W-9/1099 & W-8/1042-S compliance and reporting, payment cards, U.S. State & Local Reporting, worker compensation issues, international tax compliance, and more.
