Many companies cost themselves a lot of money by neglecting one of the simplest tasks the IRS asks them to perform. Fines and penalties for improper handling of processes surrounding the W-9, W-8 and associated reporting requirements may be as little as $50, but they can exceed 30% of total payment made to each payee. These simple, money-saving processes are neglected by accounting departments across the country. Take this one-hour course to avoid being one of them.