AFSA’s Annual Law & Compliance Symposium to Feature Tax Compliance

AFSA strives to assemble meeting presentations that address critical issues for consumer finance companies.  At the upcoming 2nd Annual Law & Compliance Symposium, AFSA will be featuring speakers from Akerman LLP to address two discrete issues of significance.

  • Issues in 1099 Compliance -  They will discuss the legal requirements for issuance of forms 1099-A and 1099-C, as well as IRS inquiries relating to those forms, credit bureau inquiries, and internal practices to support compliance.  As these tax obligations are triggered by sale of collateral for secured loans and cancellation of debt, this session will have broad applicability.
  • Sales and Use Tax Compliance after South Dakota v. Wayfair - Panelists will discuss the impacts of South Dakota v. Wayfair on collection and remittance of sales and use tax in inter-state transactions, focusing on impacts to finance companies.  They will cover potential retroactive effects, use tax accruals on services consumed by finance companies, and exemption certificate processes.

We look forward to seeing you at the Symposium, March 5-7, in Ft. Lauderdale, Fla. Register here.