1099 Forms Guide & Resources

Everything you need to know about filing 1099s, W-2s, and other tax forms for your business

Overview

File Form 1099-B Online – Broker & Barter Exchange Transaction Reporting

Form 1099-B is used to report proceeds from broker and barter exchange transactions. Brokers must file these forms to report gains or losses for taxpayers.

Our platform makes 1099-B filing accurate, efficient, and compliant.

What Is 1099-B?

Form 1099-B reports capital gains or losses from stock sales, securities, commodities, or barter exchanges.

Who Must File a 1099-B Form?

You must file if you are a:

  • Broker handling sales of stocks, bonds, or securities
  • Barter exchange facilitator reporting client transaction

Information Needed to Complete a 1099-B

  • Broker details: name,
  • TIN, and address
  • Client details: name, SSN/EIN, address
  • Description of property sold
  • Dates of acquisition and sale
  • Gross proceeds and cost basis

How to eFile 1099-B Online Easily

  1. Collect client transaction data
  2. Enter trade details including cost basis
  3. Validate with built-in error checks
  4. Submit directly to the IRS
  5. Deliver client copies automatically

Common Mistakes to Avoid

  • Incorrect cost basis reporting
  • Missing trade dates or descriptions
  • Filing late with IRS or client

IRS 1099-B Deadlines & Filing Penalties

  • Recipient copies: February 15
  • IRS paper filing: February 28
  • IRS eFile: March 31

Late or incorrect filings may result in $50–$290 penalties per form.

Why E-File Your 1099-B Form With Us?

  • IRS-approved eFile solution
  • Bulk transaction support
  • Real-time error checking

Frequently Asked Questions

What is Form 1099-B used for? To report capital gains or losses from securities and barter transactions.

Do all trades need to be reported? Yes, brokers must report all taxable sales.

Can I file multiple 1099-B forms at once? Yes, our platform supports bulk uploads.

What happens if I file late? You may face IRS penalties per form, with higher fines for intentional disregard.

Do barter transactions require 1099-B reporting? Yes, all barter exchanges must be reported.

Start Filing Your 1099-B Forms Online Today

Ensure compliance with fast, accurate eFiling. Start filing 1099-B forms today.