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IRS Information Reporting for Financial Institutions
(Presented By: Laura Wilson)
For financial institutions, no compliance topic is more challenging or more dynamic than information reporting - they attempt to meet this challenge in an environment that changes every year. Plus, practically each customer and vendor relationship maintained for any part of the tax year requires reporting. This webinar allows you to stay current by providing a much needed annual update!
 | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
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The seminar provides a brief overview of an effective taxpayer identification number compliance program. It gives practical advice on procedural issues related to this area. Each information return filed on vendors, borrowers and depositors is reviewed for current year changes. (This program does not cover reporting by fiduciaries or payors of investment interest.). In general, this program meets the needs of those for whom information reporting is a seasonal rather than full time responsibility.
Program content includes:
- IRS procedures for matching information returns to tax returns,
- Deposit related reporting (1099INT, 1099OID, 1099R, 5498),
- Loan related reporting (1098, 1099A, 1099C, 1099S),
- Vendor related reporting (1099MISC),
- Backup Withholding and
- Tips for building a defense to potential IRS penalties.
Who should participate:
This program is intended for those who have responsibility for maintaining or auditing a financial institution's information reporting compliance program. It is presented at a basic to intermediate level.
About the speaker:
Laura Wilson is a principal with Pegasus Educational Services, LLC. She is a gifted trainer who proves learning can be fun. Audiences routinely comment that her recollection of material content and sense of humor are unique among presenters on technical topics. Her career in training on banking related issues began in 1987. At one time she served as the regulatory compliance trainer for a $3 billion savings bank. Later, she was a senior consultant and full-time trainer for a regional consulting firm for financial institutions. She has served on the faculty of the OTS' Level I Compliance School and the FDIC's Bank Operations and Compliance School for examiners. In addition to presenting seminars for seventeen state banking associations, she has been an instructor at compliance schools sponsored by the Iowa, Kentucky, Texas and Pennsylvania bankers associations. She is also a member of the American Society for Training and Development.
More information...
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888.229.8872