Webinar

IRS Information Reporting: What You Need to Know About the Rules and Forms

It’s that time of the year again when thoughts turn to IRS reporting issues and the myriad rules to follow and forms to complete. 

This webinar deals with the many forms financial institutions must report, with an emphasis on when and exactly what to report. Easy-to-follow charts are included to complete each form.

Highlights

  • Taxpayer Identification Numbers – soliciting them, reporting issues, mismatches from the IRS and what to do
  • Backup withholding – “B” notices: what to do and when
  • 1099 reporting – its many and various forms, from interest and dividend income, abandoned and foreclosed property, IRA distributions, debt cancellation, and miscellaneous reporting
  • 1098s – what amount is reportable here? How about points? What is a qualifying mortgage?
  • IRA reporting – 5498s and the 1099-R
  • Timing requirements for the various forms
  • Penalties for noncompliance and failure to file
  • Changes in reporting requirements for tax year 2013
  • Proposed new interest reporting requirements for nonresident alien customers
  • And much more

Audience

Anyone in the institution having responsibilities to collect tax information, file the various forms the IRS requires, or someone who must be aware of the TIN requirements. This may include members of senior management, operations personnel, back-room personnel, as well as compliance officers, auditors, and attorneys, and anyone else in the institution that might benefit from this valuable information.

Speaker

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Credit Information

Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hrs.

Pricing

Either Live or 6-Month On-Demand Webinar: $255

Both Live and 6-Month On-Demand Webinar: $355

Registration

Online: Click here.

Phone: Call Total Training Solutions at (800) 831-0678

Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.

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