2021 IRS Reporting Requirements for Loan and Miscellaneous Forms – ON-DEMAND WEBINARS

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Overview

Date Recorded: December 9, 2021

Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS

OVERVIEW

IRS rules and reporting responsibilities are complex, extensive and overwhelming. In this webinar, we will discuss any changes to the IRS forms for the 2021 tax year (for reporting in 2022) and discuss unique problems that occur with some of the forms. We will review issues and examples for the forms, including the 1099-MISC and 1099-A and 1099-C.

HERE IS WHAT YOU WILL LEARN:

The forms that will be covered are:

  • Proceeds from Real Estate Transactions (Form 1099-S);
  • Mortgage Interest Statement (Form 1098);
  • Acquisition or Abandonment of Secured Property (Form 1099-A);
  • Cancellation of Debt (Form 1099-C);
  • Miscellaneous Income (Form 1099-MISC), including accounts payable and construction disbursements

Due to time considerations, the following will be covered briefly:

  • Reporting Student Loan Interest (Form 1098-E);
  • Proceeds from Broker and Barter Exchange Transactions (Form 1099-B); and
  • Dividends and Distributions (Form 1099-DIV).
Who Should Listen

This program will be valuable for persons in areas of compliance, deposit and lending operations, collection and foreclosure, accounts payable, and auditors.

Program Level: Basic

Prerequisite/Advanced Preparation: Basic Knowledge of IRS Rules and Reporting Requirements

Field of Study: Specialized Knowledge

Copyright Disclaimer

Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.