By now, you may be aware we’re presenting a webinar next Thursday (December 19) regarding 1099-C and 1099-A reporting. You may be wondering whether it is important enough to attend.
There haven’t been any changes to the IRS regulations regarding when to file 1099-Cs and 1099-As, but there have been a number of class action cases recently (including several in 2019) that find fault with the way financial institutions have discussed 1099-C or 1099-A reporting with consumers. Because those cases are meeting with some success in the courts, many debtors’ attorneys now actively look for any mention of 1099-C or 1099-A reporting in collection letters or telephone calls in the hope they can convince courts the language used is improper.
During the webinar we will discuss when 1099-C and/or 1099-A reports should be filed (although there have been no changes, many financial institutions still struggle with this), but we will also spend time talking about that class litigation, the way courts are ruling, and how to avoid trouble. We hope you can join us. If you do, you might want to take a look at any correspondence your financial institution sends that mentions 1099-Cs and/or 1099-As, and maybe have them available during the program.
For more information, visit northlegal.com or click here. To go straight to the registration page, click here.
Eric
Eric M. North
NorthLegal Training and Publications
Telephone: 623.537.7150
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