This course is part of General Operations Regulations Module 2 of the RegTraC Level 1 compliance certification program. Take it on its own to learn more about IRS Information Reporting and Withholding Requirements or complete all of the Consumer Lending Regulations courses (R102A-E,G-H). Receive national recognition by completing RegTraC Level 1 Modules 1-5 and earning your Compliance Achievement Award Certificate. Learn more about RegTraC.
See the topics and learning objectives
Hide detail In this course you will learn:
- Information returns for mortgage interest (Form 1098), student loan interest (Form 1098-E), and interest income (Form 1099-INT)
- Cancellation of debt (Form 1099-C) including the "eight identifiable events"
- Additional requirements for information returns including special mailing, record retention, inconsequential errors, and the penalties for failure to file information returns
- Backup withholding
This course is a recommended course in the following learning plans:
|
|
Course Number: R102E (online)
See more Compliance for Noncompliance Staff courses.
|