The registration period is from Sep 23, 2021 12:00 to May 17, 2022 12:00
1099 Reporting: Foreclosures, Repossessions & Debt Settlements - Details
Registration for this event is open from: Sep 23, 2021 12:00 to May 17, 2022 12:00

Where: Live Webinar, On-Demand Webinar, BothNorth Dakota

Date: Nov 17, 2021

 
Add to calendar /education-events/event/1501/1099-Reporting--Foreclosures--Repossessions-&-Debt-Settlements?Itemid114= 2021-11-17 14:00:00 2021-11-17 15:30:00 0 1099 Reporting: Foreclosures, Repossessions & Debt Settlements 1099 Reporting: Foreclosures, Repossessions & Debt Settlements ... North Dakota - - YYYY/MM/DD

Event description:

1099 Reporting:

Foreclosures, Repossessions & Debt Settlements

(90-minute webinar – available live or on-demand)

 Wednesday, November 17, 2021

12:00 PM Pacific       1:00 PM Mountain

2:00 PM Central                 3:00 PM Eastern

Is it a foreclosure, repossession, or cancellation of debt?  Do you know the differences, IRS reporting requirements, and exclusions?  Learn to accurately complete Forms 1099-A and 1099-C with this line-by-line instructional program. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Properly complete Form 1099-A: Acquisition or Abandonment of Secured Property and Form 1099-C: Cancellation of Debt
  • Understand which forms must be filed when foreclosing on real property versus repossessing personal property – and the exclusions
  • Explain the process if the property isn’t acquired at a foreclosure sale
  • Distinguish what constitutes cancellation of debt for purposes of Form 1099-C
  • Handle debtors who file bankruptcy 

WEBINAR DETAILS

Financial institutions are required to file Form 1099-A and/or Form 1099-C when foreclosing or repossessing collateral and when forgiving or cancelling debt.  For example, Form 1099-A must be filed when foreclosing on collateral (but there are many exceptions that you need to know), and Form 1099-C must be filed when cancelling a debt.  And these rules apply even though your institution hasn’t actually forgiven the debt.  Join us to learn how, when, and what to report on Form 1099-A and Form 1099-C – line by line.

WHO SHOULD ATTEND?

This informative session will be useful for all loan operations personnel, accounting clerks, tax personnel, accountants, management, compliance officers, auditors, and attorneys. 

TAKE-AWAY TOOLKIT

  • IRS General Instructions for Certain Information Returns
  • IRS Instructions for Forms 1099-A and 1099-C
  • Employee training log
  • Interactive quiz 

Elizabeth Fast     MEET THE PRESENTER - Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. 

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up 

2. On-Demand Webinar Includes

  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

 

Endorsed Members

Poster8.5x11

Annual Convention

Save the date for the 56th Annual ICBND Convention and Exposition August 13-14, 2024 at the Bismarck Hotel & Conference Center in Bismarck!  Please watch for more information to come.

 

Click Here 
ed-telephone-webinar

Webinar Sessions

Train all of your employees—right from your office—with our convenient, affordable webinars. Our online training sessions give you all the benefits of advanced education, and are even available on-demand if you miss the scheduled training.
Click Here

ed-ag-lending

School of Ag Lending

We provide agricultural lenders with education in agricultural credit, finance, farm management, and marketing. Our core curriculum is developed and taught by North Dakota Community Ag Lenders, North Dakota State University, and Bismarck State College agribusiness faculty.

Click Here
ed-frontline-professional

Certified Frontline Professional

Our Certified Frontline Professional program gives your customer-facing employees the long-term training they need to excel and grow your business.

Click Here
ed-compliance

Community Bankers for Compliance

Bank regulations are ever-changing. Get the up-to-date information you need to guide and structure your in-bank compliance program. Our system gives you 24/7 access to some of the best compliance experts in the industry.

Click Here
ed-ermerging-leaders

Emerging Leaders Development

We’re giving today’s brightest young independent bankers the skills, educational resources, and networking opportunities they need to be tomorrow’s leaders.

Click Here
ed-other-live-sessions

Other Live Sessions

Enroll in one of our educational sessions to keep your bank up-to-date on financial trends, regulatory changes, and required annual training. We add new live sessions on a regular basis.

Click Here

 Poster8.5x11

Annual Convention

Save the Date for the 56th annual convention on August 13-14, 2024 at the Bismarck Hotel & Conference Center in Bismarck!

Click Here

ed-telephone-webinar

Webinar Sessions

Train all of your employees—right from your office—with our convenient, affordable webinars. Our online and telephone training sessions give you all the benefits of advanced education, and are even available on-demand if you miss the scheduled training.

Click Here
ed-ag-lending

School of Ag Lending

We provide agricultural lenders with education in agricultural credit, finance, farm management, and marketing. Our core curriculum is developed and taught by North Dakota Community Ag Lenders, North Dakota State University, and Bismarck State College agribusiness faculty.

Click Here
ed-frontline-professional

Certified Frontline Professional

Our Certified Frontline Professional program gives your customer-facing employees the long-term training they need to excel and grow your business.

Click Here
ed-compliance

Community Bankers for Compliance

Bank regulations are ever-changing. Get the up-to-date information you need to guide and structure your in-bank compliance program. Our system gives you 24/7 access to some of the best compliance experts in the industry.

Click Here
ed-ermerging-leaders

Emerging Leaders Development

We’re giving today’s brightest young independent bankers the skills, educational resources, and networking opportunities they need to be tomorrow’s leaders.

Click Here
ed-other-live-sessions

Other Live Sessions

Enroll in one of our educational sessions to keep your bank up-to-date on financial trends, regulatory changes, and required annual training. We add new live sessions on a regular basis.

Click Here