2012 IRS Information Reporting – Part 2
Two hour tele-web seminar September 6, 2012

Part 2 of this series is focused on Deposit Related Returns, New Non resident Alien Reporting Requirements, Backup Withholding (B & C Notices) & Common Mistakes in TIN Matching Procedures.


This tele-web seminar will begin on Thursday, September 6, 2012 at 11:30 AM to 1:30 PM Pacific Time.



Part II is devoted to the deposit side. (Reporting by fiduciaries or payors of investment interest are not covered.) Common errors are addressed along with nonresident alien requirements (including tips for obtaining and maintaining the Form W-8 BEN) and reporting interest upon the death of a customer. The IRS backup withholding program is explained in detail. Learn what is required when the institution receives a B- or C-Notice and how documentation is essential to your overall IRS compliance program. Participants learn when filing is required to report the payment of interest, contributions and rollovers to and distributions from IRAs. (Other uses of Forms 1099-R and 5498 are not discussed.)


Changes for tax year 2012 are highlighted as part of the review of forms:

  • 1099-INT (Interest Income),
  • 1099-OID (Original Issue Discount),
  • 1099-R (Distributions from Pensions, Annuities),
  • 5498 (IRA Contribution Information),
  • 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding)..


Those with responsibility for maintaining or auditing a financial institution’s information reporting compliance program. The program is presented at a basic to intermediate level.


Laura Wilson is a principal with Pegasus Educational Services, LLC. Audiences routinely comment on her unique recollection of material and sense of humor. At one time she served as compliance trainer for a $3 billion savings bank. Later, she was a senior consultant/trainer for a consulting firm for financial institutions. She has also taught at compliance schools sponsored by the OTS and the FDIC.

Credit Information

2.0 total credits


Member price: $250.00 | Non member price $500.00