E-file Form 1099-A Online Prepare and file Form 1099-A easily and securely with TaxBandits to report the acquisition or abandonment of secured property. E-file 1099-A Now How to File Form 1099-A All-Inclusive Solution for Form 1099-A Filing Multiple Data Import Options Distribute Borrower Copies by Mail or Online Access AI-powered Assistance at Every Step World-Class Customer Support PRO Features Built for Tax Professionals Comprehensive Client Management Seamless Team Management Insightful Reports See how TaxBandits beats the competition—A comparison with other providers. Learn more Form 1099-A: Key Insights Form 1099-A, is an IRS tax form used by lenders to report when they acquire a property due to foreclosure or when a borrower voluntarily abandons a secured property. It is typically issued to borrowers whose property has been repossessed or foreclosed due to nonpayment of a loan. Lenders such as banks, mortgage companies, and other financial institutions file Form 1099-A with the IRS and provide a copy of the form to the borrower. Form 1099-A must be filed electronically by March 31, 2025, and furnish the recipient copies by January 31, 2025. Get Started Now Why Choose TaxBandits to E-file Form 1099-A? Discover the exceptional features that make TaxBandits the perfect solution for filing 1099-A online. Data Import & Validation Borrower Copy Distribution Federal Compliance More Innovative Features Easy Manual Input Complete th 1099-A form manually by entering the form data in the respective fields with our step-by-step instructions. Bulk CSV Upload Our standard CSV template allows you to import large data volumes for Form 1099-A. Once you upload your file, our system will auto-fill the fields, ensuring complete filing. Own File Upload You can easily upload your existing CSV file containing 1099-A data to complete your filing. TIN Matching Validate the borrower’s TIN with the IRS database, ensuring accuracy and providing potential penalties. Free USPS Validation Validate your borrower’s address with the USPS database, enabling secure and accurate delivery of your 1099-A copies. IRS Business Validation Our application ensures that your 1099-A returns comply with IRIS business rules by identifying and correcting errors before transmission. Postal Mailing Ensure timely delivery of 1099-A borrower copies by mailing them via postal service and tracking their status from transit to receipt. Online Access Online access grants your borrower lifetime access to a secure portal for accessing their forms anytime, anywhere. Postal Mailing + Online Access 10% OFF Choose the combo option to send recipient copies by both mail and provide online access. Get a 10% discount and ensure secure delivery of forms. Self-Service Print and Mail If you prefer not to use TaxBandits distribution services, you can download, print, and mail 1099-A copies independently. Smart Mail If your borrower hasn’t accessed the portal for a week, we’ll automatically mail the 1099-A form. Foreign Mailing TaxBandits ensures the secure printing and mailing of 1099 forms to international recipients on your behalf. Federal Filing TaxBandits simplifies 1099-A filing, ensuring your submission to the IRS is error-free. Automatic 1096 Generation With TaxBandits, filing your 1099-A includes the automatic generation of Form 1096 for your convenience. Free Retransmission If the IRS rejects your 1099-A form, TaxBandits allows you to retransmit it for free, making filing easier. Step-by-step guidance TaxBandits provides clear step-by-step instructions for accurate and seamless 1099-A filings. Free 1099 Corrections TaxBandits offers an intuitive platform that easily corrects errors on your previously filed 1099-A forms. Schedule Filing You can easily edit form information, reschedule the filing date, cancel the scheduled filing, and submit your returns instantly. BanditCash Enjoy a seamless checkout experience by easily adding funds to your account wallet and managing payments. BanditAI Our BanditAI offers real-time answers and solutions to your filing questions, making the 1099-A filing process more straightforward. World-Class Customer Support TaxBandits offers expert assistance through live chat, phone, and email, guaranteeing a seamless e-filing experience. Records Stored Your 1099-A copies are securely stored on our servers for 7 years. You can easily access, download, or print them anytime. Address Book You can import information about payers and recipients into your Address Book, either manually or in bulk, to access their details for 1099-A filings. Knowledge Base Get the guidance you need with our Help Center, which features step-by-step guides, expert tips, and helpful articles. E-file 1099-A Now Exclusive Pro Features for Tax Professionals Improve your tax filing process and streamline workflows with premium features developed explicitly for tax professionals. Team Management Effortlessly organize your team by adding unlimited members and assigning them roles like Preparer, Approver, or Transmitter based on their filing responsibilities. Client Management Use client management to securely share documents and communicate with clients through the customized portal that reflects your brand identity. Custom Reports Make better decisions with custom reports that provide insights into team performance and client filings, supported by in-depth analytics. Tax Pros can simplify their 1099-A filing with our advanced features! Request Demo Learn More Contact our team at (704) 684-4758 to discuss custom pricing options for high-volume filing! Information Required to E-file Form 1099-A Online 01 Lender’s Info Name, address, and TIN of the lender 02 Borrower’s Info Name, address, TIN, account number of the borrower 03 Property and Other Info This may include, Date of lender’s acquisition or knowledge of abandonment Balance of principal outstanding Indicate if the borrower was personally liable for debt repayment Description of property 04 Fair Market Value (FMV) of the property. Start filing your 1099-A forms with TaxBandits today. Get Started Now How to E-file Form 1099-A Online with TaxBandits? TaxBandits offers you flexible options to complete the 1099-A filing. Simply choose your preferred data import method and file with ease. Manual Entry Bulk Import Step 1: Select Form 1099-A Select Form 1099-A from the dashboard to file for the 2024 tax year. Step 2: Enter Form 1099-A Information Enter the required Form 1099-A information either manually or by bulk upload option. Step 3: Choose Distribution Options You can choose to distribute recipient copies through postal mail, online access, or by using both methods (postal mail + online access) for timely distribution. Step 4: Review and Transmit Review the 1099-A form summary and transmit it to the IRS. We'll email you updates about the status of your forms. You can also track the status directly from your dashboard. Step 1: Download the Standard CSV Template Download the standard CSV template, fill in the 1099-A information, and upload the information to complete the 1099-A filing. Step 2: Review Import Summary Our system will generate your 1099-A based on the imported data. You can review the data and make changes as needed. Step 3: Choose Distribution Options You can choose to distribute recipient copies through postal mail, online access, or by using both methods (postal mail + online access) for timely distribution. Step 4: Review and Transmit Review the form summary and transmit the forms to the IRS. We'll email you updates about the status of your forms. You can also track the status directly from your Dashboard. Ready to E-file Form 1099-A with the IRS? Get Started Now Our Customer Reviews Trusted and loved by users like you. 4.9 rating of 52,784 reviews L Luis Collazo Excellent Step by Step process and easy to go back and make edits J Jay Polonsky I usually have trouble online with confusing instructions. Yours is very easy J Jerry Morris Very easy to find my way around, most help features are very good B Brenda K Hi! I really like TaxBandits. I love the convenience and it generally runs very smoothly for me. View More Reviews Frequently Asked Questions About Filing Form 1099-A Online What Is The IRS Form 1099-A? IRS Form 1099-A is also called Acquisition or Abandonment of Secured Property, issued by a lender to report the foreclosure or repossession of a property. In other words, when a property is foreclosed by the bank or lender, the owner/borrower will receive Form 1099-A in the year following the calendar year in which the lender acquires the property. Who Is Required To File Form 1099-A? The Form 1099-A is typically filed by lenders such as banks, mortgage companies, and other financial institutions who have acquired or abandoned secured property. The lender must file Form 1099-A with the IRS and provide a copy of the form to the borrower after the calendar year in which they acquired the property. The property can be any real estate property, intangible property, and tangible property except auto-used for personal use. When you file Form 1099-A electronically with TaxBandits, you can easily distribute recipient copies by mail or through secure online access. Get started today What is Form 1096? IRS Form 1096 is also called the Annual Summary and Transmittal of U.S. Information Returns and is used to summarize the Form 1099-A and other 1099 forms that are filed with the IRS. Form 1096 is only required if you are filing paper copies Forms 1099. You are not required to submit this form when you file Form 1099-A electronically, however, TaxBandits generates a copy in your account for record keeping purposes. When is the deadline to file Form 1099-A for the 2024 tax year? The deadline to distribute recipient copies of 1099-A is January 31, 2025. The deadline to file paper copies with the IRS is February 28, 2025, and the deadline to file electronically Form 1099-A with the IRS is March 31, 2025. If the deadline falls over a weekend or on a federal holiday, the deadline automatically switches to the next business day. How To Fill Out A 1099-A Form? The Form 1099-A contains 6 boxes (fields), including one check box. Each box requires specific information. This is a complete breakdown of each box and the information that is needed to report in form. General Information The IRS requires the following information of Lender and Borrower on Form 1099-A Lender Information Lender’s Name Lender’s TIN Lender’s Address Borrower Information Borrower’s Name Borrower’s TIN Borrower’s Address Form 1099-A contains 6 boxes, requiring the following information: Box 1: Date of lender’s acquisition or knowledge of abandonment Enter the date that the lender acquired the property. Box 2: Balance of principal outstanding Enter the outstanding principal on the loan when the lender acquires the property. Box 3: Reserved for future use This box can be left blank, no information is required here. Box 4: Fair market value of property Enter the Fair market value of the property. Box 5: Check if the borrower was personally liable for repayment of the debt. Check the box if the borrower was personally liable for the debt. Box 6: Description of property Enter the description of the property, such as an address, section, lot, block, etc. What Are The Form 1099-A Copies? There are three copies of IRS Form 1099-A that are required to be filed or distributed to different parties. Here is a breakdown of the different 1099-A copies. Copy A: This copy of the form is filed with the IRS by the lenders. Copy B: This copy of the form should be furnished to the borrower. What are the late filing penalties for Form 1099-A? If you fail to file and furnish Form 1099-A within the specified deadlines, the IRS will impose penalties ranging between $60 and $660, depending on your business size and the delayed period. To learn more about the 1099-A penalties, click here Success Starts with TaxBandits The Smart Tax Pro’s Choice Create a Free Account X How to File 1099 Forms with TaxBandits Choose Form 1099-A Choose Form 1099-A from the dashboard to report acquisition or abandonment of secured property. Next Select the Tax Year Navigate to the Next tab to choose the tax year (2024, 2023, and 2022) you want to file for. Back Next Enter Form 1099-A Details Enter the required information and property-related information for Form 1099-A in the respective fields. Back Next Summary of Federal Filing Generate the draft forms in PDF or export them in CSV format and review the details by sending them to your recipients. Back Next Distribute Borrower Copies Distribute 1099-A copies to borrowers via postal mail, online access, or both, whichever method works for them. Back Next Filing Summary Review the form summary, edit the preference to validate your TIN and address, and then choose to transmit immediately or schedule for later. Back Next Track your Filing Status You can track the filing status with the IRS and the status of the borrower copy distribution. Request Demo Start Over Get Started Now X × Download our 1099 Bulk Upload Template Enter your email address to download our 1099 bulk upload template.