Legal Insights-IRS Form 1099-C: What You Need To Know About Tax Consequences For Your Bad Debt Customer
- Description: Join us for an FREE, informational overview program where attorney Mark Kirkorsky will explain how the Internal Revenue Code requires a creditor to file a Form 1099-C entitled "Cancellation of Debt" for the purpose of tax reporting any time the creditor discharges $600 or more of indebtedness of a debtor during any calendar year. This reporting requirement is triggered when one of the "identifiable events" listed in the IRS regulations has occurred. A must for all credit managers to avoid IRS fines and penalties for non-compliance.
- Start: 8/6/2019 8:00:00 AM
- End: 8/6/2019 9:30:00 AM
- Where: Law Offices of Mark A. Kirkorsky 1119 W. Southern Avenue, 2nd Floor Mesa, Arizona 85210
- Register for this event