Financial institutions face heightened regulatory scrutiny and litigation risk regarding their marketing and advertising practices. In addition to ensuring compliance with any applicable laws or regulations, institutions must also consider UDAP/UDAAP risks. Join us for a two-hour Webinar which will cover a number of rules governing institutions' marketing and advertising practices, as well as recent developments that may impact disclosures contained in marketing materials. The Webinar will also provide numerous compliance practice tips, including the importance of ensuring advertised terms match actual product features, fees, and back-end practices. Because ad risk remains high, this Webinar is not one to miss.

Aldrich & Bonnefin, PLC is pleased to invite you and your operations personnel to attend our BCG Webinar on IRS Information Reporting.

 

The One Big Beautiful Bill Act included a new Information Reporting obligation applicable to qualified passenger vehicle loan interest. We will cover this new reporting and also highlight dollar threshold changes impacting 1099-MISC and NEC.

 

Our discussion will give institutions a general understanding of the IRS information reporting process. We will also address how and when to report promotional giveaways and prizes.

 

We will analyze IRS information reporting requirements applicable to: deposit interest (1099-INT); deposit interest paid to certain non-resident alien depositors (1042-S); miscellaneous income (1099-MISC); original issue discount (1099-OID); mortgage interest (1098); discharged debt (1099-C); abandoned property (1099-A); FATCA Report (8966); and non-employee compensation (1099-NEC).