Archived Webinar

1099-C and 1099-A Reporting
Rules, Hot Issues and Recent Court Decisions

A NorthLegal Webinar Presented November 29, 2016
Duration: Approximately 2:00 hr:min

Cost/Registration | How to Attend a Webinar

Enroll Now

Click here to register to watch this program with a coupon code or using a credit card. Call NorthLegal at 623.537.7150 to discuss registration by any other method.

Handout Materials

After enrolling, click here to obtain the handout materials in PDF. Then contact NorthLegal (623.537.7150) to obtain the password you will need to open those materials.



When was the last time you looked at your 1099-C "Cancellation of Debt" policies and procedures?

Do you know the difference between the circumstances that trigger your obligation to file a 1099-C and a 1099-A, and when you must file both?

Do you know what your financial institution's liability is if you report when you shouldn't, fail to report when you should, or improperly complete the forms?

Do you know the risks of discussing a 1099-C or a 1099-A with a consumer?

A number of court decisions have been issued relating to 1099-C reporting since the last NorthLegal Webinar on this subject two years ago. Some relate to whether a debt is collectable after 1099-C reporting, but others address the way in which the creditor communicated 1099-C reporting policies to the consumer.

During this program, attorney Eric North talks with participants about the rules and court decisions relating to the reporting of "cancelled" debt, including—

  • Exactly when a debt should be reported on form 1099-C or 1099-A, and why you should not report too soon.
  • How to complete the forms—including the code field.
  • Why properly filing a 1099-C should not affect your right to collect the reported debt, but why filing it improperly might.
  • What happens if you report for the wrong year.

Late November and early December are the best time of year to take a look at your 1099-C and 1099-A reporting policies and procedures and to begin thinking about which accounts you will have to report. Actions you take now can affect what you must report in January!

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.

The fee to attend this archived program is $160.00 if paid by credit card or $170.00 if paid by check. For that fee, you or someone from your financial institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for 180 days! Contact NorthLegal for information.)

How to Attend a Prerecorded Webinar
To attend this NorthLegal Webinar, please do the following:

Register.  To register online using a credit card, visit the "Enroll Now" link shown in the box at the top of this page. To register by mail, call NorthLegal at 623.537.7150.
Check your email. Within moments after you complete the registration process you should receive two emails.  One will be a receipt for the transaction and the other will contain a link and detailed instructions explaining how to use that link to attend the program. 
Download the handout materials by clicking the "Handout" link shown above.
Call NorthLegal to obtain the password to open the handout materials.
» NorthLegal Webinars
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.

Live program scheduling conflict?

No problem! Registration for a NorthLegal webinar automatically entitles you to watch it live AND to watch the archived version as many times as you like for 180 days! 

If you or your staff can't make the live program, you still have plenty of time to watch at a time that is more convenient for you!