1099 Forms Guide & Resources
Everything you need to know about filing 1099s, W-2s, and other tax forms for your business
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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
- Collect client transaction data
- Enter trade details including cost basis
- Validate with built-in error checks
- Submit directly to the IRS
- 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.