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Fundamentals of Tax Forms 1099-C, A, and K

Cancellation of debt? Abandonment of property? Third-party transactions? These can be complex issues and each of them can affect the others. What do you and your clients need to know about proper reporting for IRS Tax Forms 1099-C, A, and K? In this webinar, we bring these complex topics down to earth. We’ll help you know when each form is needed and how it is used.

$36.00
  
Picture of Fundamentals of Tax Forms 1099-C, A, and K

Prerequisites

Prerequisites are not necessary to participate in this course and no advance preparation is needed.

Course Description

Cancellation of debt? Abandonment of property? Third-party transactions? These can be complex issues and each of them can affect the others. What do you and your clients need to know about proper reporting for IRS Tax Forms 1099-C, A, and K? In this webinar, we bring these complex topics down to earth. We’ll help you know when each form is used and how it is used. 

Upon completion of this course, you will be able to:

  •          Review recourse and non-recourse loans
  •          Examine Form 1099-C and when it is used
  •          Go over all the exclusions and exemptions to the 1099-C
  •          Detail items of Foreclosure and Repossession
  •          Look at when Form 1099-A can be used
  •          Discuss the newest rules on Form 1099-K

CPE Facts

Affiliation* CPE Awarded Delivery Method Field of Study Course ID Sponsor ID
NASBA 2 QAS Self-Study Taxes N/A 103137
CTEC 2/0 Self-Study Federal Tax Law 3038-CE-00437 3038
IRS 2 Self-Study Federal Tax Law FQTGU-T-00770-25-S FQTGU
Texas State Board of Accountancy 2 Self-Study Taxes 100436 002921
Pennsylvania State Board of Public Accountancy 1 Self-Study (Non-Interactive) Taxes N/A

* Individuals with other professional credentials should check with their state licensing board or accrediting organization to determine if this program meets their continuing education requirements.

Other Details
Last Revision October 2025
Course Expiration The CPE portion of this course expires one year from date of purchase
DrakeCPE Course Policies and CPE Affiliations
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