Why Form 8655 Notices 2024

You very much and welcome everyone. Here's your agenda for today: we're going to take you on a trip through three topics, and if we have time, a bonus topic. Those three topics are: 1. Your 10 matching system - how does it get set up and how does it work? 2. Receiving a notice from the IRS that you have a problem with tax ID numbers and names (either mismatches or missing tens). That's a CP 2100, which can trigger some be notices. 3. Addressing a notice of proposed penalty and trying to successfully abate that penalty. It's a challenge, but the more you work with the areas that we describe leading up to that and the more familiar you are with the setup of the W-9 system in your processes and the more familiar you are with their withholding requirements, then the more likely you will succeed in obtaining a waiver. So that's kind of anticlimactic. We hope when we get to that point. - Bonus if we get a chance, we'll talk about personal liability exposure. I may have your attention at that point. That wasn't part of the promised curriculum, but we'll talk about it anyway. It is important, and we have a bulletin that you can pull down from the IRS to learn more about it, and I have some editorial comment that goes with it to mitigate or minimize understand your risk, but know that it's relatively minimal. Let's get into our topics. Here's our first topic: Registering for and using the ten matching system. - Okay, so the ten matching system. It's a free interactive or bulk file system offered by the IRS, hosted on their website. It's used by you, on a voluntary basis, to verify names and tax ID numbers provided...