1099-C and 1099-A Reporting
Rules, Hot Issues and Recent Court Decisions
A NorthLegal Webinar Presented November 29, 2016
Duration: Approximately 2:00 hr:min
Cost/Registration | How to Attend a Webinar
After enrolling, click here to obtain the handout materials in PDF. Then contact NorthLegal (623.537.7150) to obtain the password you will need to open those materials.
When was the last time you looked at your 1099-C "Cancellation of Debt" policies and procedures?
Do you know the difference between the circumstances that trigger your obligation to file a 1099-C and a 1099-A, and when you must file both?
Do you know what your financial institution's liability is if you report when you shouldn't, fail to report when you should, or improperly complete the forms?
Do you know the risks of discussing a 1099-C or a 1099-A with a consumer?
A number of court decisions have been issued relating to 1099-C reporting since the last NorthLegal Webinar on this subject two years ago. Some relate to whether a debt is collectable after 1099-C reporting, but others address the way in which the creditor communicated 1099-C reporting policies to the consumer.
During this program, attorney Eric North talks with participants about the rules and court decisions relating to the reporting of "cancelled" debt, including—
|
Late November and early December are the best time of year to take a look at your 1099-C and 1099-A reporting policies and procedures and to begin thinking about which accounts you will have to report. Actions you take now can affect what you must report in January! |
NOTE: This program is intended for employees of consumer lending institutions. Please contact NorthLegal Training and Publications to obtain approval
before registering if you are not an employee of a consumer lending institution.
Cost/Registration
The fee to attend this archived program is $160.00 if paid by credit card or $170.00 if paid by check. For that fee, you or someone from your financial
institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for 180 days! Contact NorthLegal for information.)
How to Attend a Prerecorded Webinar
To attend this NorthLegal Webinar, please do the following:
• | Register. To register online using a credit card, visit the "Enroll Now" link shown in the box at the top of this page. To register by mail, call NorthLegal at 623.537.7150. |
• | Check your email. Within moments after you complete the registration process you should receive two emails. One will be a receipt for the transaction and the other will contain a link and detailed instructions explaining how to use that link to attend the program. |
• | Download the handout materials by clicking the "Handout" link shown above. |
• | Call NorthLegal to obtain the password to open the handout materials. |
Live program scheduling conflict?
No problem! Registration for a NorthLegal webinar automatically entitles you to watch it live AND to watch the archived version as many times as you like for 180 days!
If you or your staff can't make the live program, you still have plenty of time to watch at a time that is more convenient for you!