[IMGCAP(1)]This fall the IRS will send out CP2100 and CP2100a Forms, or “B” Notices, to payers who filed incorrect or incomplete forms including those with incorrect name and Taxpayer Identification Number data.
Businesses should take note of this punitive measure used by the IRS to enforce proper reporting of revenue and to avoid the client ramifications of the backup withholding process.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access