Effectively Handling CP-2100 Letters

Image credit: Shivaraj M
Schedule Tuesday, May 31, 2022 || 10:00 AM PDT | 01:00 PM EDT
Duration 60 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW22C0374

  • What are CP-2100 Letters
  • Sending out B Notices
  • Dealing with backup withholding
  • Avoiding CP-2100 Letters altogether
  • TIN Matching
  • Form W-9
  • Another way out of CP-2100: do you really need to issue 1099 at all?
  • Bonus content as time allows, relating to contractor vs. employee

Overview of the webinar

CP-2100 letters come to your business from the IRS. These letters notify you that the social security number you put on 1099 doesn’t match what’s in the IRS’s system. For example, the social security number of a contractor. When your business receives such a letter, you must take action by sending a “B Notice” to the other party. This webinar will discuss how you can take steps to avoid CP-2100 letters, to begin with, through the IRS’s “TIN Matching” program and proper usage of the Form  W-9. We’ll cover more about B Notices in this program, and cover backup withholding. 

Who should attend?

  • Accountants
  • Tax preparers
  • Human resources professionals
  • Payroll professionals

Why should you attend?

CP-2100 letters can be a hassle for any business that issues 1099s. This webinar will cover how to respond to CP-2100 letters, and how to possibly avoid them in the first place. As time allows we will also delve into employee vs. contractor — is that “contractor” really an employee?

Faculty - Mr.Jason Dinesen

Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College. He started his practice in 2009.

Credits

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

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