B-Notice Solutions
Convey offers solution and services to help you more efficiently manage and reduce your B-Notices. We have been able to help our clients reduce their B-Notices by as much as 80%.
TIN Compliance
Because 1099 tax reporting doesn’t end in January, Taxport is equipped with a TIN compliance module that allows organizations to check all their recipients against the IRS and automatically find out which records are noncompliant, sharply reducing penalty costs and time spent demonstrating due diligence.
TIN Compliance Features
- Check all recipient records against the IRS database
- For any incorrect record, handle the entire due diligence process
- W-9 solicitation and document archival
- Marking records that require mandatory backup withholding
B-NOTICE MANAGEMENT
(Available on Taxport and 1099Convey)
Manage notices from previous tax years and process current year notices, either by importing the file or keying. If you receive them on paper, our system will help you decide what the appropriate action is:
- sending out W9 solicitations
- setting up backup withholding
The B-Notice management tools make it easy to document your effort and prove your due-diligence to eliminate penalties. Contact us now to learn more
Pursuant to the rules of professional conduct set forth in Circular 230, as promulgated by the United States Department of the Treasury, nothing contained in this communication was intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose. No one, without our express prior written permission, may use or refer to any tax advice in this communication in promoting, marketing, or recommending a partnership or other entity, investment plan or arrangement to any other party.
B-Notice Education FAQ
Download this quick and handy reference guide and get answers to questions such as, “What is a B-Notice” and “How will I know if a TIN on my account is incorrect?” You’ll also learn when to start and stop backup withholding and who is exempt.
Sample Abatement Letter
Download our free Abatement Letter sample and quickly be on your way to reducing or eliminating your 1099 filing penalties.