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-S Online – Real Estate Transactions Simplified

Form 1099-S is used to report proceeds from real estate transactions, including sales or exchanges of land, buildings, and certain ownership interests.

Our system ensures accurate and IRS-compliant 1099-S filing for real estate professionals.

What is a 1099-S Form?

Form 1099-S reports gross proceeds from real estate sales or exchanges

Who Must File a 1099-S Form?

You must file if you are:

  • A real estate broker, title company, or closing agent

  • Responsible for reporting proceeds from sales of propert

Information Needed to Complete a 1099-S

  • Transferor (seller) details: name, SSN, address
  • Gross proceeds of the transaction
  • Property address
  • Closing date

How to eFile 1099-S Online Easily

  1. Collect seller and property information
  2. Enter sale proceeds and dates
  3. Validate data for IRS compliance
  4. Submit directly to IRS
  5. Provide seller copies electronically or by mail

IRS 1099-S Deadlines & Filing Penalties

  • Recipient copies: January 31

  • IRS paper filing: February 28

  • IRS eFile: March 31

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

Frequently Asked Questions

What is Form 1099-S used for? To report proceeds from sales or exchanges of real estate.

Who files Form 1099-S? Brokers, title companies, or closing agents.

Do all real estate transactions require a 1099-S? Yes, unless an exemption applies.

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

What happens if I miss the filing deadline? IRS penalties apply per late or incorrect form.

Start Filing Your 1099-S Forms Online Today

Ensure compliance with real estate transaction reporting. Start filing 1099-S forms today.