Start Date: 12/15/2025 1:00 PM MST
End Date: 12/15/2025 2:30 PM MST
Location:
United States
WEBINAR DETAILS
The One Big Beautiful Bill Act introduced a new federal tax deduction for qualified passenger vehicle loan interest and added significant IRS reporting obligations for lenders. Under transitional guidance issued in IRS Notice 2025-57, financial institutions must determine whether each financed vehicle qualifies and issue accurate borrower interest statements by January 31, 2026. This rule is more than a data exercise—it’s a critical compliance requirement that demands proper verification, documentation, and borrower communication. Join compliance attorney David Reed as he breaks down the reporting process, including VIN decoding, GVWR verification, transitional-year safe harbors, and staff training strategies to ensure full compliance and borrower confidence.
