Yes, I know – you just got over getting the 1099’s processed.  Well now it’s time to deal with your foreign payees and I have some tips that can help you avoid having your processes cost you IRS penalties. 

Keep listening. 

 Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication, internal controls, and best practices to it from fraud. 

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Links mentioned in the podcast:   

•  IRS 2021 Instructions for Form 1042-S:  https://www.irs.gov/pub/irs-prior/i1042s--2021.pdf
• IRS W-8BEN & W-8BEN-E Forms – Updated? | Vendor Master File Tip of the Week:  https://youtu.be/3qj4FqhfMwk 
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download 
• Toolkit:  Done for Your Vendor Setup Forms, Company Branded ACH Form, Vendor Communication Templates, and Desktop Procedures in the Toolkit. 
• Get Ready for 1099 and 1042 Tax Reporting Season by cleaning up your data:   5 Day Vendor Master File Clean-Up or 24 Hour Rapid Vendor Validations.
• YouTube Channel:  https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw 
• Desktop Procedure Template:  https://www.debrarrichardson.com/desktop-procedures
• Prevent Fraudulent Payments.  Get Your Own Copy of the 3 Step Vendor Setup and Maintenance Process eGuide.
• More Podcasts/Blogs www.debrarrichardson.com
• More ideas?  Email me at [email protected] 
• Music Credit:  www.purple-planet.com