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Handling 1099-C Reporting Challenges in Workday
February 26, 2025
Q. Memorial Healthcare System switched ERPs from Lawson to Workday on 1/1/2024. Our healthcare system issues student loans (with contracts and promissory notes) to both employees, dependents of employees and potential employees.
If employment/hiring/passing obligations are not met and the loan is not repaid (for potential employees who were never hired) is where my question comes from as Workday does not support 1099-C (Cancellation of Debt). We are interested in hearing how others handle…
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