1099-C Reporting
The Facts. The Myths. The Litigation.
A NorthLegal Webinar presented 12/16/2010
(Appx 2:16 hr:min)

Cost/Registration
Regions Affected
Co-Hosts
How to Attend a Webinar
NorthLegal Contact Info

›› Register 
To use a credit card or a "coupon code" to register click here.

›› Handout Materials
Contact NorthLegal (623.537.7150) to obtain a password.

›› Post-Program FAQ
(Use your handout password to access


Can you get in trouble for using the threat of a 1099-C as a collection tool?  May you agree not to file a 1099-C in order to get a better settlement?
Who is responsible for reporting accounts that have been assigned to a collection agent?

With the end of the year approaching, now is a great time to take a close look at your 1099-C "Cancellation of Debt" reporting policies.

Do you know:

Exactly when a 1099-C must be filed?  At charge-off?  Sooner?  Later?
What are your risks if you report too early?  If you report too late?  If you report for the wrong year?
When and under what circumstances should bankrupt accounts be reported? Is there anything wrong with reporting even if you don't have to?
Should losses sustained after foreclosure be reported?  What about short sales?

Learn about recent court decisions regarding collection rights after 1099-C filing and regarding erroneous reporting!

What are your responsibilities when a debt that has been reported with a 1099-C is paid in full or in part?
And the big question:
May a financial institution sue to recover a debt even after filing a 1099-C?

Attorney Eric North has studied and followed development of IRS regulations on this subject since they were first introduced, and during this program he talks with participants about these issues, and more.

Join credit union professionals from across the country to learn the steps you can take before the end of 2010 to help you avoid wasting time with unproductive reporting while still ensuring your credit union is in compliance!

Click to Enroll Now

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 registration fee for this program is
$125.00 per telephone/Internet connection if paid by credit card (online or by telephone), $135.00 if paid by check. (Checks must be received by NorthLegal prior to the beginning of the program. Sorry, but we cannot invoice for this event.) For that price, you may have as many participants as you wish listen (over a single telephone line and Internet connection) in a conference room or office!

Regions Affected
This program is not state-specific, and will be important to credit unions from around the country.

Co-Hosts
Although financial institutions from any state may attend this program, this program is jointly hosted by NorthLegal Training and Publications, by credit union and other consumer lending institution leagues and associations serving:

Arizona
California
Colorado
Delaware
Hawaii
Kansas
Kentucky
Louisiana
Massachusetts
Minnesota
Mississippi
Montana
Nebraska
Nevada
New Hampshire

New Jersey
New Mexico
North Dakota
Oregon
Rhode Island
Pennsylvania
South Dakota
Tennessee
Utah
Vermont
Washington
West Virginia
Wisconsin
Wyoming

by the following local or regional associations:

The California Credit Union Collectors Council
The New England Adjustment Managers Association
The NorthWest Credit Union Collectors Association

and by the law firm of

Moore, Brewer, Jones, Tyler & North

(Participants do not have to be members of any of those leagues or associations in order to attend.)

How to Attend a Webinar
To register for a prerecorded NorthLegal Webinar using a credit card, visit the link shown earlier on this page. (You may also register by mailing a check to NorthLegal, but there is a small extra fee.  Call for information if you want to register by mail.) 

After you register, an email will be sent to you with an "Access Code" and with instructions showing how to use that Access Code to attend the program.  (If you already have an Access Code you can skip the registration.)  An Access Code may be used only one time, and is only valid for 7 days after it is issued.  If you miss that deadline, just contact us and we'll re-issue the  Access Code.

To attend this program you will need access to an Internet connection. Both the audio portion and the slide presentation will be accessed through your computer. More details about how to participate will be provided upon registration or (if you would like details before registering) may be obtained by calling NorthLegal Training and Publications.

NorthLegal
5115 N. Dysart Road, No. 202-500
Litchfield Park, Arizona 85340

Telephone: 623.537.7150
Facsimile: 623.537.7921
Email: NLBC@culaw.com

NorthLegal Webinars
NorthLegal Bankruptcy Conference for CUs

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.

Watching your training budget?  NorthLegal Webinars allow you to train multiple employees for one low fee.

Webinar scheduling conflict?  No problem. Just register, skip the program, and contact NorthLegal to arrange a replay of the presentation at a time that is more convenient for you.  You get all the benefits of a live program, plus the ability to "pause" the program to take notes or to discuss the materials being presented.


 

 

HOME | NORTHLEGAL | MOORE BREWER JONES TYLER & NORTH | TRAINING | LEGAL RESOURCES | CONTACT | PRIVACY & LEGAL