Event Calendar

Wednesday, November 8, 2023

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

Start Date: 11/8/2023 9:00 AM MST
End Date: 11/8/2023 10:30 AM MST

United States 

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). Also, Form 1099-MISC must be filed if your institution awards a prize worth $600 or more, but Form 1099-INT must be filed if the prize is worth $10 or more and related to a deposit account. This webinar will teach you how, when, and what to report on Forms 1099-A, 1099-C, 1099-INT, and 1099-MISC – including a line-by-line review of each.


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