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

5115 N. Dysart Road, No. 202-500
Litchfield Park, Arizona 85340
Telephone: 623.537.7150
Facsimile: 623.537.7921
Email: NLBC@culaw.com
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