Protecting Your Clients- Tax Consequences from Loss of Property and Discharge of Indebtedness
Thursday September 19 , 2013
- By: National Association of Consumer Advocates
- Time: 2:00 PM - 3:00 PM
- Time Zone: Eastern Time (US & Canada)
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National Association of Consumer Advocates
- Website: naca.networkats.com
- Source: New York > Foreclosure
Webinar Date: Thursday, September 19th 2013 Webinar Time: 2:00-3:00 PM EASTERN
Registration Fee: Members $25.00 Non-Members $50.00
How to Register
To receive the NACA Member rate, go to www.naca.net , click on Members Only in the top right hand corner, sign in using your NACA username and password, click on Event Registration and select this webinar. Note that it is easiest to register using Internet Explorer as your browser. Non-Members: Follow this link https://naca.networkats.com/members_online/registration/register.asp?mt=WEB91913&af=NACA
Why You Should Attend
The webinar will cover the potential tax consequences associated with foreclosures, short-sales, deeds-in-lieu and loan modifications. The presentation will include specific examples and calculations involving capital gains and income tax consequences arising from loss of property and discharge of indebtedness. The discussion will include best practices for protection of clients and discussion of abuses in the marketplace that are causing unforeseen tax liabilities.
Mallam J. Maynard was admitted to practice in North Carolina in 1983 after receiving his law degree from the University of North Carolina Law School. He is the Director of the Financial Protection Law Center which represents borrowers across North Carolina in connection with claims and defenses against predatory mortgage lenders, manufactured/mobile home construction defects, payday lenders, and other consumer protection litigation. Mr. Maynard has successfully represented thousands of victims of predatory lending in class actions and in individual cases. He has presented trainings in consumer law and foreclosure defense at seminars throughout the nation and at numerous Continuing Legal Education events. Mr. Maynard has testified at the invitation of legislative committees and the Federal Reserve Board. He has also testified as an expert witness in support of consumer protection litigation. Mr. Maynard is counsel for nonprofit housing corporations that provide subsidized housing to low-income seniors. He is the recipient of the Defender of Justice award from the North Carolina Justice Center for "outstanding impact litigation to improve the lives of low-income North Carolinians." Each year the National Consumer Law Center presents the Vern Countryman Consumer Law Award to a "legal services or other public interest attorney whose special contributions to the practice of consumer law have strengthened and affirmed the rights of low-income Americans". Mr. Maynard received the Vern Countryman Consumer Law Award presented in 2007 at the 16th Annual Consumer Rights Litigation Conference in Washington, D.C. In addition to litigation that has returned more than ten million dollars to North Carolina homeowners in predatory mortgage litigation, Mr. Maynard is co-counsel for payday loan victims in North Carolina litigation that settled for more than forty million dollars. His portion of the attorney fees in this litigation is paid to the non-profit public interest law firm with which he works in order to defend other North Carolina victims of predatory lending.
Interested in receiving CLE credit for this webinar? NACA webinars have been CLE approved in a number of states. While NACA does not seek CLE approval for each webinar in each individual state, individual attorneys can generally apply for and receive CLE credit in their own respective states for no charge. For more information and a comprehensive guide to the process of applying for CLE approval as an individual attorney, email Chelsea Langston at email@example.com .
Why You Should Register Even If You Can't Attend the Live Webinar
For each webinar you register for, regardless of whether you attend live, you will automatically receive an email inviting you to join a folder housing a recording of the webinar and an email with the Power Point presentation, webinar announcement, and any other supplemental materials attached within two business days of the live webinar. This way, if you have a time conflict, you will be able to listen to the webinar and study the course materials at your convenience. If you have any questions, please contact Chelsea Langston, Manager of Education and Development, at firstname.lastname@example.org