BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Is it a foreclosure\, repossession\, or cancellation of debt? D o you know the differences\, IRS reporting requirements\, and exclusions? This timely topic will ensure you can successfully navigate the necessary IRS forms\, procedures\, and hazards.\nLearning Objectives\n\n Properly complete Form 1099-A: Acquisition or Abandonment of Secured Property\, Fo rm 1099-C:Cancellation of Debt\, Form 1099-MISC: Miscellaneous Information \, and Form 1099-INT: Interest Income\n Understand when Form 1099-A mus t be filed when collateral is repossessed or foreclosed upon and what the exclusions are\n Identify when Form 1099-MISC must be filed for payment s to vendors and which vendors are exempt from coverage\n Distinguish w hat constitutes cancellation of debt for purposes of Form 1099-C\n Dete rmine what constitutes reportable interest for purposes of Form 1099-INT\n Explain the rules for reporting miscellaneous types of income under Fo rm 1099-MISC\n\nFinancial institutions are required to report many differe nt types of transactions on an IRS Form 1099.Does your institution know wh en and how to file each type of Form 1099? For example\, Form 1099-A must be filed when your institution forecloses on collateral (but there are man y exceptions that you need to know)\, and Form 1099-C must be filed when y our institution cancels a debt (and these rules can apply even though your institution hasn&rsquo\;t actually forgiven the debt). Form 1099-MISC mus t be filed when your institution pays a third-party vendor (but there are exceptions if the vendor is a certain type of legal entity).Also\, Form 10 99-MISC must be filed if your institution awards a prize worth $600 or mor e\, but Form 1099-INT must be filed if the prize is worth $10 or more and related to a deposit account. In this webinar\, you will learn how\, when\ , and what to report on Forms 1099-A\, 1099-C\, 1099-INT and 1099-MISC. In addition\, we will review each of these forms line by line. DTEND:20221108T213000Z DTSTAMP:20240329T075603Z DTSTART:20221108T200000Z LOCATION: SEQUENCE:0 SUMMARY:Form 1099 Reporting: Third-Party Vendors\, Foreclosures\, Debt Forg iveness & More UID:RFCALITEM638472777637441933 X-ALT-DESC;FMTTYPE=text/html:
Is it a foreclosure\, repossession\, or can cellation of debt? Do you know the differences\, IRS reporting requirement s\, and exclusions? This timely topic will ensure you can successfully nav igate the necessary IRS forms\, procedures\, and hazards.
\nLearning Objectives
\nFinancial institutions are required to report many different types of transactions on an IRS Form 1099.Does y our institution know when and how to file each type of Form 1099? For exam ple\, Form 1099-A must be filed when your institution forecloses on collat eral (but there are many exceptions that you need to know)\, and Form 1099 -C must be filed when your institution cancels a debt (and these rules can apply even though your institution hasn&rsquo\;t actually forgiven the de bt). Form 1099-MISC must be filed when your institution pays a third-party vendor (but there are exceptions if the vendor is a certain type of legal entity).Also\, Form 1099-MISC must be filed if your institution awards a prize worth $600 or more\, but Form 1099-INT must be filed if the prize is worth $10 or more and related to a deposit account. In this webinar\, you will learn how\, when\, and what to report on Forms 1099-A\, 1099-C\, 109 9-INT and 1099-MISC. In addition\, we will review each of these forms line by line.
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