Take control of tax compliance with the latest Navigating the New IRS Form W-9 – In-Person CPE Training Event, crafted to help accounting professionals, financial advisors, and business leaders successfully adapt to the latest IRS Form W-9 updates. From exploring the March 2024 revisions to ensuring accurate, compliant vendor records, this live seminar provides all the tools you need while earning 2 NASBA-Approved CPE credits.

Why Attend?

Gain Insight into the March 2024 Updates

Understand the most critical changes to the latest IRS Form W-9 and learn the reasoning behind them to stay ahead.

Achieve Compliance Confidence

Master the step-by-step process to review, correct, and validate latest Form W-9 submissions, ensuring smooth compliance with IRS standards.

Refine Vendor Management Practices

Learn the best methods for creating and maintaining accurate vendor records in your Accounting System or ERP to streamline operations and improve compliance.

Earn 2 CPE Credits

Enhance your professional credentials while gaining actionable skills to simplify your vendor documentation process.

What You’ll Learn

This hands-on seminar is designed to make compliance accessible, breaking down IRS guidelines into practical steps you can apply immediately.

1. Demystifying the March 2024 Updates - Latest W-9 Forms

Learn exactly what’s in the latest Form W-9 and uncover the IRS’s intentions behind the changes.
Explore how the latest revisions impact vendor relations, compliance, and tax reporting.

2. Reviewing for Compliance

Discover the essential steps to validate latest IRS Form W-9s, including signature verification and backup withholding compliance.
Gain clarity on FATCA reporting codes and their role in maintaining adherence to latest IRS guidelines.

3. Mastering Vendor Records Management

Understand how to update legal names and manage disregarded entities in your Accounting System or ERP to prevent errors in tax reporting.
Build a clear process for accurate vendor data collection that supports seamless audits and tax filings.

4. Identifying and Avoiding Errors

Study the most common mistakes vendors make on Form W-9 submissions and how to guide them toward greater accuracy.
Practice corrective steps to streamline compliance reviews and avoid delays.

5. Real-World Application

Participate in practical exercises to evaluate Form W-9 submissions for completeness and learn solutions to address errors effectively.

Seminar Highlights

This live, in-person seminar delivers a blend of expert insights and practical applications tailored to simplify your compliance process.

Interactive Discussions: Learn directly from a leading expert, addressing your unique questions and challenges along the way.
Hands-On Activities: Apply what you learn during real-world scenarios and exercises.
Proven Strategies: Walk away with actionable takeaways to enhance compliance and vendor management immediately.

Event Details

Location: Southfield, MI
Schedule: Thursdays, 1:30 p.m. – 3:30 p.m.
Duration: 2 Hours
Cost: $190 per participant.
Private Sessions: Customized on-site training available for groups of two or more attendees.

Who Should Attend?

This comprehensive session is ideal for professionals tasked with maintaining IRS compliance and effective vendor documentation, including:

Accountants: Sharpen your compliance expertise to prevent costly mistakes.
Financial Advisors: Gain valuable insights into tax compliance to better serve your clients.
Business Owners and Managers: Employ effective strategies for vendor file creation and IRS alignment.
Accounts Payable Teams: Enhance your assessment and correction of vendor-submitted Form W-9 documents.

Why Vendor Records and Tax Compliance Matter

Clear, accurate, and up-to-date vendor records are vital for tax compliance and organizational efficiency. With the new updates to IRS Form W-9, it’s more important than ever to align with regulations, avoid penalties, and build trust with vendors. Managing records properly not only supports IRS requirements but also ensures your operations continue with fewer interruptions.

The Navigating the New IRS Form W-9 – In-Person CPE Training Event emphasizes actionable solutions for improving your vendor management process and supporting smoother tax compliance.

Register Today

Take the mystery and confusion out of IRS tax compliance. The Navigating the New IRS Form W-9 – In-Person CPE Training Event gives you the knowledge and tools you need to manage vendor submissions and improve compliance processes with confidence. Earn 2 CPE credits as you master IRS guidelines and gain clarity about the new Form W-9.

Sign up now to streamline your compliance process and elevate your professional expertise!

Navigating the New IRS Form W-9 - In-Person

Name: Navigating the New IRS Form W-9 - In-Person
Brand: Accounting-Finance

$190.00

Event Date:

Primary Attendee: (optional)

Quantity

Being offered on Mondays at 1:00 p.m. to 3:00 p.m.

We can schedule private events on your timetable for two or more attendees.

NASBA Program Disclosure

Program Level of Understanding: Basic to Advanced
Prerequisites: None
Advance Preparation: None
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hour.
In-depth Understanding: Grasp the essence of the revisions made to Form W-9 and how they differ from previous versions. This segment will cover the new form in detail, providing you with a clear understanding of each section and its purpose.

Compliance Mastery: Learn about the compliance requirements set forth by the updated Instructions for the Requestor of Form W-9. Navigate through the complexities of FATCA reporting codes and other crucial aspects that ensure adherence to IRS guidelines.

Practical Application: Engage in practical exercises that simulate real-world scenarios. These activities are designed to equip you with the skills to accurately complete and request Form W-9, mitigating the risk of errors and non-compliance.

Q&A Session: Have your specific questions answered during a live Q&A segment. This interactive portion allows you to clarify doubts and gain personalized insights from seasoned tax professionals.
Unveil the Changes: Let’s peel back the layers and uncover exactly what’s new with the Form W-9 revised in March 2024. More importantly, we’ll explore the actionable steps you need to take to align with these changes, ensuring you’re moving forward with confidence.

Compliance Check: Step by step, we’ll walk through the process of reviewing submitted IRS Form W-9s. Our goal? To ensure each form meets the IRS's stringent requirements, including accurate signatures, adherence to backup withholding rules, and more. It’s about dotting our i’s and crossing our t’s, making sure nothing slips through the cracks.

Vendor Records Accuracy: We know how critical it is to have your records straight. Together, we’ll learn how to meticulously add or update vendor information in your Accounting System or ERP. This includes capturing the vendor’s legal name and any disregarded entities (dba) accurately, which is crucial for smooth invoice processing and precise tax reporting.

Form W-9 Evaluation: Not all Form W-9s are created equal. Some will be spot-on, while others might miss the mark. We’ll delve into how to discern whether a submitted Form W-9 is up to par or if it needs to be sent back to the vendor for corrections. It’s about ensuring every form you accept is as flawless as possible.

Avoiding Common Pitfalls: Ever wonder where things tend to go awry? We’ll shine a light on the most common mistakes vendors make when filling out the IRS Form W-9. By identifying these pitfalls, you’ll be better equipped to spot them and guide your vendors in avoiding these errors in the future.
Opening Remarks

Warm Welcome

Overview

Session 1: Unveiling the New IRS Form W-9 (30 minutes)

The Heart of Change: An in-depth look at the specific revisions made to Form W-9 in March 2024, exploring not just the "what" but the "why" behind these changes.

Interactive Q&A: A moment to reflect, ask questions, and deepen our collective understanding.

Session 2: The Road to Compliance

Step-by-Step Compliance Review: Walking through the compliance requirements of the revised Form W-9, including signature verification, backup withholding implications, and more.

Practical Exercise: Engaging in hands-on activities designed to solidify your understanding and application of compliance checks.

Session 3: Mastering Vendor Records

Ensuring Accuracy in Every Detail: Techniques and best practices for updating vendor information accurately in your Accounting System or ERP.

Case Study Analysis: A real-world scenario to apply what we've learned, fostering a deeper grasp of maintaining accurate and compliant vendor records.

Session 4: Evaluating and Correcting Form W-9 Submissions

Critical Evaluation Skills: Learning how to assess submitted Form W-9s for completeness and accuracy.

Guidance on Corrections: Strategies for effectively communicating with vendors to correct and prevent common mistakes on submitted forms.

Closing Session: Embracing Best Practices and Avoiding Pitfalls

Common Mistakes and How to Avoid Them: Highlighting frequent errors made on the IRS Form W-9 and sharing tips for guiding vendors towards compliance.

Closing Reflections: A moment to summarize our journey, emphasizing key takeaways and the path forward.
In the heart of every professional lies a quest for clarity, especially in the complex world of tax compliance and regulation. It's here, within the intricate dance of numbers, forms, and guidelines, that our latest seminar, "Navigating the New IRS Form W-9," finds its purpose. This event is more than just a seminar; it's a beacon for those seeking to understand the March 2024 revisions to Form W-9 in a way that is both profound and practical.

The revisions to IRS Form W-9 represent significant changes that affect a broad spectrum of professionals, from accountants and financial advisors to business owners and beyond. These updates are not just administrative tweaks; they are pivotal shifts designed to streamline processes, enhance compliance, and foster a clearer understanding between individuals and the IRS. But to truly grasp the impact of these changes, one must delve deeper than the surface, seeking not just to know but to understand.

Our seminar is crafted with this very intention. We aim to peel back the layers of the new Form W-9, exploring each revision with a keen eye on its implications for you and your organization. This journey is not about passive learning; it’s an invitation to engage, question, and internalize the nuances of these updates. Through a blend of expert-led discussions, hands-on exercises, and real-world scenarios, we endeavor to transform knowledge into action, ensuring that every participant leaves with a robust understanding and the confidence to apply what they've learned.

Compliance, accuracy, and efficiency are the pillars upon which the integrity of any organization stands. Understanding the revised Form W-9 is crucial in upholding these values, as it impacts vendor relationships, tax reporting, and ultimately, the trust between your organization and the IRS. Whether you're navigating the complexities of backup withholding, striving for accuracy in vendor records, or seeking to avoid common pitfalls, our seminar is designed to guide you through these challenges with grace and understanding.

In embracing the changes brought forth by the March 2024 revisions, we find an opportunity for growth, learning, and connection. "Navigating the New IRS Form W-9" is more than just an event; it's a step towards demystifying the complexities of tax compliance, building a foundation of knowledge that empowers you to lead with confidence, clarity, and compliance.

Join us as we embark on this journey together, fostering a space where questions are welcomed, challenges are embraced, and learning becomes an act of empowerment. Together, we can turn the tide of uncertainty into a path of understanding, guided by authenticity, sincerity, and a genuine desire to meet your needs with the depth and respect they deserve.
Debra R Richardson, MBA, CFE, APM, APPM, CPRS

Debra, an accounts payable consultant with over 20 years of experience in Fortune 500 companies like Verizon, General Motors, and Aramark, is a seasoned professional in accounts payable, accounts receivable, general ledger, and financial reporting. Debra brings a wealth of knowledge to her events.A Certified Fraud Examiner (CFE), her expertise in Global Vendor Maintenance and implementation of vendor self-registration portals has been pivotal in establishing robust internal controls to prevent fraud.

Navigating the New IRS Form W-9 - In-Person

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