Why 8850 Form Misc 2016-2023

Welcome to today's webinar. We're going to go ahead and jump right in and get started. So now, right off the bat, here we see a number of important laws relative to achieving compliance with federal rules and regulations. Now, before I get into the subject, the law is listed out before you. Just briefly, for those of you who have never attended one of my webinars, I'm not a slide reader. So I try to go in order down the slides and through the bullet points. There is a method to my madness, but really, the slides are more of an outline for my purposes or for what I see them as being. So we'll just keep that in mind and then move forward with that in mind. Now, the code sections you see in front of you, those are the laws. So when we talk about the hierarchy of what it is you're trying to do in terms of compliance, due diligence, and reporting, this is the foundation of why it is you do, or you're being told to do, what you have to do, essentially. Each of these code sections, the Internal Revenue Code sections, delineates those responsibilities. And then from there, we have publications and revenue procedures and treasury determinations and all that fun stuff form instructions that help provide additional information to help you do your job. The bottom line is that, and this is really important, especially this time of year, because in a week or so, IRS proposed penalty notices are going to start going out. Now, some of you listening in may be dealing with those on a regular basis, others, this might be the first year you get them. But the bottom line is when you're dealing with the IRS on...