Answer:
Believe it or not, the IRS has done a relatively good job of creating accurate and readable instructions for most of the forms your bank will utilize. They are far from perfect and there are a few which require a trained “IRS speak” interpreter, but for the most part the forms speak for themselves. Unfortunately, there is much more to IRS reporting compliance that the forms and this session has the guidance and best practices to keep you out of harm’s way.
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Learn more about David Reed’s webinar
IRS Reporting Requirements: 1098s, 1099s, TINs and Backup Withholding