DATE: Thursday, July 29th
TIME: 2:00pm EDT
DURATION: 75 minutes
Your business receives a B Notice (CP2100) and/or a P Notice (972CG) when the name and tax identification number (TIN) do not match. This mismatch is the most common challenge in 1099 reporting—but can be easily solved with a few simple strategies.
However, because correcting B & P Notices is a paper-based process, correcting them from home will make this season exceptionally challenging.
Each year, IRS compliance requirements for B & P notices have gotten more complex. Each notice your business receives requires you to take a series of actions within specific timelines in order to avoid penalties. With B- & P-Notice season right around the corner, you will want to be prepared – and Sovos can help!
Join the experts from Sovos’ tax & regulatory reporting team for a look at everything you need to know about B-Notices (CP2100) and P-Notices (972CG). Topics will include:
- What CP2100 (B Notices) are and how to correct them
- What 972CG (P Notices) are and how to abate them
- Best practices for minimizing B & P Notices, like TIN matching
- Crucial considerations for managing B & P Notices this year
Can’t make it on July 29th? Register anyway! We will send you the on-demand recording of the event upon its completion, along with anything you need to know for B & P Notice Prevention & Abatement this season!