IRS Reporting and W-9 and W-8BEN


Presented by:
Deborah Crawford

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When your account holder's name does not match for IRS purposes, you are sent a CP2100 and your financial institution has to begin the B notice process and often times backup withholding on your customer. This is time consuming and expensive. How about we set up accounts right from the start? Learn how the IRS sets up name control files and how we can avoid the list, the penalties and the backup withholding process by getting these accounts right. This program will review reasons why your customer's names may not match and how to avoid costly penalties and lots of bank of the house work.

Program Highlights
  • How to complete a W-9 and W-8BEN
  • What happens when the IRS sends you a penalty letter
  • How the IRS sets up name control files
  • How to set up personal accounts
  • How to avoid errors with international names: Hispanic and Vietnamese in particular
  • Why your sole proprietors may come out as a mismatch
  • How the IRS matches when the name only has three letters
  • What the IRS does on business accounts when there is a "The" in the title
  • Nonprofits and social security numbers
  • The three kinds of SSNs
  • When ITINs expire or when the customer now has a SSN
  • When a person marries or divorces -- what are the TIN issues?
  • The high cost of IRS mismatches
  • The CP2100 process and B notices
  • " 1099 INT and 1042S
New Accounts, Personal Bankers, Branch Administration, Deposit Operations, CIP Managers, BSA Officers, Training and Business Development Personnel

About the Speaker: Deborah Crawford is the President of Gettechnical, Inc., a Baton Rouge-based firm, specializing in the education of banks and credit unions across the nation. Her 27 plus years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor's and master's degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.

This program was recorded in its entirety in November 2017. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_taxreporting1117
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 27 May, 2014.

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