Revised 1099-C Reporting Rules

Archived Webinar

Revised 1099-C and 1099-A Reporting
Changed Rules, Hot Issues and Recent Court Decisions
An Archived NorthLegal Webinar
Duration: Approximately 2:00 hr:min
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Cost/Registration | How to Attend a Webinar

Enroll Now

Click here to register to watch this program with a coupon code or using a credit card. Call NorthLegal at 623.537.7150 to discuss registration by any other method.

Handout Materials

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.

Late last year the Internal Revenue Service made a significant change to 1099-C reporting rules! The change will make reporting much, much easier this year, but also a little more risky!

On the other hand, a growing number of lawsuits have been filed against financial institutions because of the way they communicate their 1099-C related practices and because of the way they report debts after 1099-C filing.

Meanwhile, courts continue to weigh in on whether you may continue to collect a debt after a 1099-C or 1099-A has been filed--and when you can be successfully sued for even trying!

Be sure you understand the revised rules before filing your 1099-C and 1099-A reports next year!

During this webinar, participants will learn:

Exactly when you should (and when you shouldn't) file a 1099-C or a 1099-A—and why it is so important not to file too late or too soon!
How to complete the forms—including the code field.
Why properly filing a 1099-C should not affect your right to collect the reported debt, but why filing it improperly might.

If you have already prepared your 1099-C and 1099-A reporting list for 2017, you will probably want to make changes to it because of the new IRS rules!

What happens if you report for the wrong year.
Whether and how to report losses from foreclosures, short sales, and voluntary surrenders of property.
What you should do if a debtor pays a debt after a 1099-C has been filed.
The effect of assignment of a debt to a collection agency on reporting requirements.
The significant risks of using 1099-C or 1099-A reporting as a collection tool.
When debts discharged in bankruptcy should and should not be reported.
Common myths and mistakes financial institutions make with respect to 1099-C and 1099-A reporting, and how to avoid them.

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~~ temporarily reduced to $100.00 if paid by credit card or ~~$170.00~~ $110.00 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.

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.

» NorthLegal Webinars

Speaker: Eric North

Eric North, the primary speaker at the programs listed on this site, has represented the interests of credit unions and other financial institutions as an attorney with respect to litigation, compliance, governance, bankruptcy and collections matters since 1984. Eric has appeared in state and federal courts throughout the State of California, and has argued before the Ninth Circuit Court of Appeal.

Eric is also a nationally recognized speaker on legal issues relating to consumer lending institutions, and has presented hundreds of programs on behalf of national, state and local leagues and associations from around the country.

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!