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E-File Form 1099-S Online
A simple solution for real estate agents and settlement agents to file Form 1099-S with the IRS and distribute recipient copies.
Why Choose TaxBandits to E-file Form 1099-S?
- Easy and Secure e-filing solution
- Bulk upload option for effortless data import
- Multiple data validations at various stages of the filing
- Versatile options for secure recipient copy distribution
- Phone, E-mail & Live Chat Support
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Form 1099-S: Key Takeaways
- Form 1099-S reports proceeds from real estate transactions, including the sale or exchange of real property, such as land, buildings, and specific interests in real estate.
- A real estate agent or settlement agent must report any sale or exchange involving:
A payer is required to file Form 1099-S with the IRS and furnish recipient copies before the required deadline.
| Filing Methods | Deadline |
|---|---|
| Electronic Filing Deadline | March 31, 2025 |
| Recipient Copy Distribution Deadline | January 31, 2025 |
What Information is Required to File IRS Form 1099-S Online?
- 1. Filer’s Info: Name, address, and TIN
- 2. Transferor Details: Name, address, TIN, account number
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3. Property Details:
- i. Closing date
- ii. Gross proceeds
- iii. Address (including city, state, and ZIP code) or legal description
- iv. Real estate tax
Start filing your 1099-S tax returns with TaxBandits.
Let TaxBandits Meet Your 1099-S Filing Easier Than Ever
At TaxBandits, we provide tailored services to help you fully comply with federal regulations.
Supports Federal Filing
- Prepare and e-file your 1099-S forms smoothly, ensuring you meet IRS compliance.
W-9 Manager
- Collect W-9s from the recipients online and use that information to file 1099-S for them at the click of a button.
TIN Matching
- Verify recipient TINs with the IRS database beforehand to ensure your 1099-S forms are error-free.
Postal Mailing
- Allow TaxBandits to print and mail 1099-S copies to all required recipients easily and efficiently.
Online Access
- Securely share copies of the 1099-S form with your recipients through our online access portal.
Supports Corrections
- Fix the errors in the previously filed 1099-S forms in Taxandits accurately.
How to E-file Form 1099-S Online for 2024
with TaxBandits?
Start by selecting Form 1099-S from your dashboard. With TaxBandits, you can file this form for both the current and previous tax years.
Select ‘Manual entry’ and enter the required information on Form 1099-S. You can save your progress by clicking “Save as draft” and continue from where you left off.
You can choose state filing and select how you'd like to distribute recipient copies—by mail, online access, or with the BanditComplete option, which offers both.
Review the information entered on Form 1099-S and make any necessary changes.
After reviewing the Form 1099-S, transmit the completed Form 1099-S to the IRS.
How to E-file Form 1099-S?
Explore the Features for Seamless E-filing of 1099-S Online!
User-Friendly Interface
Our software simplifies the filing process with intuitive navigation and clear, step-by-step instructions.
Address Book
Add payers and recipients once, securely store their details, and access the information for future filings.
Bulk Upload Options
Say goodbye to tedious manual entry! Quickly upload your data using our standard CSV template for a stress-free filing experience.
Save As Drafts
You can save your 1099-S filing progress as a draft and continue later from where you left off.
Internal Audit Check
Error checks are built-in to audit your 1099-S forms for common errors before transmission.
IRIS Business Validation
Our software meets IRIS standards, ensuring your 1099-S forms comply with the latest IRS business rules.
Download Form Copies
With TaxBandits, you can download and print copies of your transmitted 1099-s forms on your own.
Dedicated Support
Our dedicated support team is available 24/7 to address any inquiries regarding the filing process via telephone, email, or live chat.
Exclusive Pro Features designed for Tax Professionals
Streamline your tax filing process and boost your productivity with specialized features developed for tax professionals.
BanditCollab (Team Management)
Streamline your workflow effortlessly by adding unlimited team members and assigning specific roles—Preparer, Approver, or Transmitter based on their filing responsibilities.
BanditConnect (Client Management)
Securely exchange documents, communicate with clients through BanditConnect and customize the portal to showcase your unique branding.
Custom Reports
Improve your decision-making with custom reports that give insight into team performance and client filings, supported by comprehensive analytics.
Developer-Friendly API to Automate Your 1099-S E-filing
Our developer-friendly API empowers you to automate the 1099-S filing and distribution process directly from your existing system. Seamlessly integrate our 1099 API with your current software or portal to enable automation, reduce manual tasks, and ensure precision.
Learn moreSuccess Starts with TaxBandits
The Smart Choice of every 1099 Filers
Excellent Step by Step process and easy to go back and make edits....
- Luis Collazo
Very easy navigation going forward and backwards. I usually have trouble online with confusing instructions. Yours is very easy.
- Jay Polonsky
Easy and reasonably priced. Great customer service!
- Allen Cohen
I’m quite impressed, especially in comparison with other sites from the IRS list I reviewed as well. Well done. Thank you.
- Igor Mandryka
Very easy to find my way around, most help features are very good, customer service response has been exceptional for the price point.
- Jerry Morris
Work flow makes sense, navigation is easy, customer service is excellent with prompt call backs and thoughtful support.
- Michael Morris
Frequently Asked Questions to File 1099-S Online
What is IRS Form 1099-S?
Form 1099-S is an IRS information return used for reporting the sale or exchange of real estate properties. This form is used to report the sales of:
- Improved or unimproved lands (including airspace)
- Permanent structures (including residential, industrial, or commercial buildings)
- Condominium units and its appurtenant fixtures and common elements (including land)
- Co-op housing corporation stock
- Any non-contingent interest in standing timber.
Want to know how to complete Form 1099-S? Here are the step by step Form 1099-S Instructions.
When is the deadline to file Form 1099-S for the 2024 tax year?
The filer must deliver recipient copies of Form 1099-S to the transferor by January 31, 2025. The due date to file with the IRS by paper is February 28, 2025, and the due date to file electronically is March 31, 2025.
Visit https://www.taxbandits.com/1099-forms/form-1099-s-deadline/ to know more about 1099-S Due dates
How to correct Form 1099-S?
If your 1099-S Form is rejected or you notice an error on an already filed 1099-S Form, you'll need to correct it as soon as possible. Corrections can be made electronically or on paper. If the error is part of the transferor's data, a corrected copy of Form 1099-S will need to be sent to them as well.
What are the penalties for not filing Form 1099-S?
If you fail to file Form 1099-S 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-S penalties,Click here
How to Get an Extension for IRS Form 1099-S?
Need more time in Filing your Form 1099-S? You can apply for an automatic 30-day extension by completing Form 8809 and filing it by your original due date. Your extension will be approved within an hour.
Helpful Resources for 1099-S
