Event Calendar

Date(s): December 15, 2025

Time: 9:00 AM  MST - 10:30 AM  MST

Financial institutions must act quickly to meet the IRS reporting deadlines under the One Big Beautiful Bill Act. Lenders are now responsible for confirming qualified passenger vehicle status, issuing correct borrower interest statements, and maintaining proof of compliance. Errors in reporting could result in penalties and borrower confusion. The One Big Beautiful Bill Act introduced a new federal tax deduction for qualified passenger vehicle loan interest and added significant IRS reporting obligations for lenders. Under transitional guidance issued in IRS Notice 2025-57, financial institutions must determine whether each financed vehicle qualifies and issue accurate borrower interest statements by January 31, 2026. This rule is more than a data exercise—it’s a critical compliance requirement that demands proper verification, documentation, and borrower communication. Join compliance attorney David Reed as he breaks down the reporting process, including VIN decoding, GVWR verification, transitional-year safe harbors, and staff training strategies to ensure full compliance and borrower confidence.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Understand the requirements for qualified vehicle loans under § 163(h)(4)
• Learn what the IRS expects from lenders and what not to report
• Explore verification options using VIN decoders, certifications, and system flags
• Review transitional relief and best methods to meet the January 31, 2026, notice deadline
• Identify key policy, audit, and documentation updates to protect your institution from penalties

 . TAKE-AWAY TOOLKIT

• Vehicle qualification checklist
• Compliance timeline and reporting calendar
• Sample policy language 
• Audit sampling worksheet
• Employee training log
• Interactive quiz
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits

 WHO SHOULD ATTEND?
This informative session is designed for executives, loan operations and servicing managers, compliance staff, IT staff, audit and quality control, and anyone interested in IRS reporting requirements.
   
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.
 
MEET THE PRESENTER
David A. Reed, JD, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections. A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.


THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR 2. ON-DEMAND WEBINAR 3. BUNDLE & SAVE

• Unlimited live connections with shareable access within your institution
• Available to view on desktop, mobile & tablet devices
• Take-away toolkit
• Live Q&A session & the presenter's contact info for follow-up questions
• Access the webinar training from your User Portal
• Unlimited and shareable access to the recording within your institution, starting two business days after the live date
• Available to view 24/7 on desktop, mobile & tablet devices
• Take-away toolkit
• Ability to download the webinar video and toolkit items
• Presenter's contact info for follow-up questions
• Access the webinar training from your User Portal
• Save when you Bundle the Live + On-Demand Webinar Registration
• Includes all the items listed above
• Full registration descriptions can be found here