New W-4, W-8 & W-9 Requirements: When to Use Which Form

Price: $ + applicable taxes

Knowing which form to use and to whom they apply can be confusing for even seasoned professionals. This webinar will prepare you and your team to make proper determinations for which form to obtain from each payee/employee. Get the latest updates to Forms W-4, W-8 and W-9. We'll also show you how to make key improvements to your reporting set-up and maintenance practices - reducing your risk of complaints and penalties from the IRS.

The Tax Credits and Jobs Act changed the method of computing taxable income. As a result, the IRS scrambled to update Form W-4, with even more changes expected for 2020. The Forms W-9 and W-8 have experienced changes as well. Expert Miles Hutchinson will review the current law and regulations regarding these forms, and will provide practical guidance on key areas that have become the subject of increasing IRS scrutiny.

Updates made to forms W-4, W-8 and W-9
How to determine which form should be obtained
Gathering electronic forms - the rules are not the same
Crucial reporting rules for each of the form
Red flags to watch for - and how to fix errors
What's on the horizon for 2020

Program Highlights

Do You Need W-4, W-8 or W-9? Making the Determination

Review of updated forms W-4, W-8 and W-9 for 2019
Determining which form you need to get - and why
Which form W-8 applies to each of your nonresident payees
Nonresident alien employee - do you use form W-8 or form W-4?
Reporting on Form W-2 v. 1042-S: Clarifying what the IRS says

Best Practices to Keep You Compliant and Avoid Penalties

What a "prudent person" must do when gathering information from payees
Techniques for success in working with your new payees
Keys to effectively validate and review your forms for errors
How to efficiently execute an electronic form gathering program - the rules are not the same for all three of these forms
W-2, W-8 and W-9 red flags: Avoid under withholding or failure to report
Minimize resource consumption when complying with reporting requirements

Live Question & Answer Session - Have your questions answered by the expert!

About the Speaker

Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company.

Miles is a highly sought after professional speaker and consultant who has presented over 3,000 seminars and training sessions on a myriad of business and financial topics, such as tax, financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act.
His clients include, Abbott Labs, BASF, Citicorp, Corning, the FBI, Mitsubishi, Pfizer, Siemens, and the US Marine Corps.

Program Benefits

Join us to get clear guidelines on when you should be using form W-4, W-8 or W-9 and the accompanying reporting forms. You’ll also get a clear look at the latest changes and requirements set by the IRS.

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