Event Calendar

Thursday, November 7, 2024

Webinar - Form 1099 Reporting: Third-Party Vendors, Foreclosures, Debt Forgiveness & More

Date(s): November 7, 2024

Time: 10:30 AM  MST - 10:30 AM  MST

Financial institutions are required to report many different types of transactions on IRS Form 1099. For example, Form 1099-A must be filed when your institution forecloses on collateral (but there are many exceptions you need to know). Form 1099-C must be filed when a debt is cancelled (these rules can apply even though the debt hasn’t been forgiven). Form 1099-MISC must be filed when your institution pays a third-party vendor (but there are exceptions if the vendor is a specific legal entity). In this webinar, you will learn how, when, and what to report on Forms 1099-A, 1099-C, and 1099-MISC – including a line-by-line review of each.





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