BEGIN:VCALENDAR X-WR-TIMEZONE:US/Eastern DTSTART:20200611T140000 DTEND:20200611T153000 VERSION:2.0 LOCATION:OnlinePRODID:-//Training Doyens //EN METHOD:REQUEST BEGIN:VEVENT DTSTAMP:20200611T000000 DTSTART;TZID="US/Eastern":20200611T140000 DTEND;TZID="US/Eastern":20200611T153000 SUMMARY:Using the TIN Matching System to Avoid 1099 Penalties and B-Notices - 2020 Updates on Regulations DESCRIPTION: For many years, the IRS has placed the burden on businesses, non-profits and not-for-profits as well as all levels of government to report information about taxable payments they make to their vendors and customers. In order to more accurately match our information reporting to taxpayer’s tax returns they have introduced an “e-services” portal to help us ensure the names and tax identification numbers provided to us by our payees match their records. When used properly, this system can reduce the risk of warning letters (CP-2100s/B-Notices) and penalty notices (972-CGs) from the IRS. PRIORITY:3END:VEVENT END:VCALENDAR