The Deadline to E-file Form (formType) is March 31, 2025.E-File Now E-file Form 1099-Q Online Prepare and securely file the 1099-Q with TaxBandits to report distribution from a qualified tuition program (QTP) or Coverdell education savings account (ESA). E-file 1099-Q Now How to File Form 1099-Q A Comprehensive Solution for Form 1099-Q Filing Supports Federal and Corrections Multiple Data Import Options Validate TINs through TIN Matching Distribute Recipient Copies by Mail or Online Access PRO Features Built for Tax Professionals Complete Client Management Streamlined Team Management Insightful Reports See how TaxBandits beats the competition—A comparison with other providers. Learn more Form 1099-Q: Key Insights Form 1099-Q reports distributions from Qualified Tuition Programs (QTPs), including 529 plans and Coverdell Education Savings Accounts (ESAs). The officer, employee, or designee of an officer or employee who oversees a state or eligible educational institution’s QTP must file Form 1099-Q if a distribution is made. Trustees of Coverdell ESAs must also file this form to report distributions from Coverdell ESAs. Form 1099-Q must be filed electronically by March 31, 2025, and furnish the recipient copies by January 31, 2025. Get Started Now Benefits of Using TaxBandits to E-file Form 1099-Q! Check out the robust features that make TaxBandits your perfect solution for filing 1099-Q online. Data Import & Validations Recipient Copy Distribution Federal Compliance More Innovative Features Simple Manual Input Complete the 1099-Q form manually by entering the form data in the respective fields with our step-by-step instructions. Bulk CSV Upload Download our standard CSV template, fill in the 1099-Q details, creditor, and debtor data, and upload it back to the system. Own File Upload You can easily upload your existing CSV file containing 1099-Q data to complete your filing. Internal Audit Check TaxBandits automatically audits your completed 1099-Q forms for common errors and alerts you to correct any issues. Free USPS Validation Validate your recipient’s address with the USPS database, facilitating secure and accurate delivery of your 1099-Q copies. IRIS Business Validation This feature ensures that your 1099-Q form complies with IRIS business standards by identifying and correcting errors before transmission. Postal Mailing Send 1099-Q recipient copies via postal mail, tracking their status and ensuring timely delivery before the deadline. Online Access With Online Access, your recipients get lifetime access to a secure portal for accessing their forms anytime, anywhere. Postal Mailing + Online Access 10% OFF Choose the postal and online combo for confident recipient copies. Enjoy a 10% discount while ensuring delivery. Self-Service Print and Mail You have the option to download, print, and mail copies of the 1099-Q on your own if you do not opt for TaxBandits distribution services. Smart Mail If your recipient hasn’t accessed the secure portal for a week, we’ll automatically mail the 1099-Q form. Custom Distribution Effortlessly customize which recipients will receive postal mail or online access to align with your unique needs. Federal Filing TaxBandits streamlines your 1099-Q filing, guaranteeing an error-free submission to the IRS. Automatic 1096 Generation When file your 1099-Q through TaxBandits, Form 1096 is generated automatically for record-keeping purposes. Free Retransmission In the event of an IRS rejection, TaxBandits allows you to retransmit your 1099-Q form for free, making the filing process easier. Step-by-step guidance TaxBandits provides clear step-by-step instructions for accurate and seamless 1099-Q filings. World-Class Customer Support TaxBandits offers expert assistance through live chat, phone, and email, guaranteeing a seamless e-filing experience. Free 1099-Q Corrections TaxBandits allows you to e-file 1099-Q corrections for forms previously filed with the IRS at no additional cost. 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, which makes your 1099-Q filing process easier. Schedule Filing Schedule your 1099-Q filings in advance with TaxBandits. Easily edit form details, reschedule the filing date, cancel the scheduled filing date, and e-file immediately. Records Stored Your 1099-Q copies are securely stored on our servers for 7 years. You can easily access, download, or print them anytime. Address Book Import information about payers and recipients into your Address Book, manually or in bulk, to access their details for 1099-Q filings. Smart Review Streamline your tax process with Smart Review—verifying, validating, and correcting filings for accurate and compliant submissions. Exclusive Pro Features for Tax Professionals Improve your tax filing process and streamline workflows with premium features specifically developed for tax professionals. Team Management Add unlimited team members to streamline your workflow. Assign your staff roles—Preparer, Approver, and Transmitter—based on their filing responsibilities. Client Management Communicate and securely share files with your clients through the customized portal that reflects your brand identity. Custom Reports Gain insights into staff activities and client filings with detailed reports. Enhance decision-making with in-depth analytics. Tax Pros can simplify their 1099-Q filing with our advanced features! Learn More Request Demo Contact our team at (704) 684-4758 to explore custom pricing options for high-volume filing! Information Required to E-file Form 1099-Q Online 01 Payer Details: Name, TIN, and Address 02 Recipient Details: Name, TIN, and Address, Account number 03 Distribution Details: This includes, Gross Distribution Earnings Basis Indicate the distribution is a qualified tuition program or Coverdell ESA Get Started with TaxBandits to report your Form 1099-Q Online! Get Started Now How to E-file Form 1099-Q Online with TaxBandits? TaxBandits offers you flexible options to complete 1099-Q filing. Simply choose your preferred data import method and file with ease. Manual Entry Bulk Upload Step 1: Select Form 1099-Q Select Form 1099-Q from the dashboard to file for the 2024 tax year. Step 2: Enter Form 1099-Q Information Enter the required Form 1099-Q information either manually or by bulk upload option. Step 3: Choose Distribution Options Choose how to deliver recipient copies: postal mail, online access, or both. Step 4: Review and Transmit Review the 1099-Q form summary and transmit it to the IRS. We'll send you email updates regarding the status of your forms. You can also track the status directly from your dashboard. Step 1: Choose Import Method Use our standard CSV template or upload your own file option to import Form 1099-Q data. Step 2: Review Import Summary Our system will generate your 1099-Q based on the imported data. You can review the data and make changes as needed. Step 3: Choose Distribution Options Choose how to deliver recipient copies: Postal Mail, Online Access, or Postal Mail+Online Access. Step 4: Review and Transmit Review the form summary and transmit the forms to the IRS. We'll send you email updates regarding the status of your forms. You can also track the status directly from your Dashboard. Ready to E-file Form 1099-Q with the IRS? Get Started Now Our Customer Reviews 4.8 rating of 12,784 reviews L - Luis Collazo Excellent Step by Step process and easy to go back and make edits.... J - Jay Polonsky Very easy navigation going forward and backwards. I usually have trouble online with confusing instructions. Yours is very easy. A - Allen Cohen Easy and reasonably priced. Great customer service! I - Igor Mandryka I’m quite impressed, especially in comparison with other sites from the IRS list I reviewed as well. Well done. Thank you. View More Reviews Frequently Asked Questions About Filing Form 1099-Q Online What is an IRS 1099-Q Form? Form 1099-Q is used to report distributions made from Coverdell Education Savings Plans (ESA) and 529 plans. These are also referred to as qualified education programs. The beneficiary receiving distributions from these accounts must be given a copy of Form 1099-Q so that they can report any taxable amounts on their own personal income tax returns. Who is required to File Form 1099-Q? The trustee (payer) that manages the Coverdell Education Savings Account (ESA) or 529 plan, is required to complete 1099-Q Tax Form to report detailed information about the account distributions made during the year. They must also provide a copy of Form 1099-Q to the account beneficiary (recipient). Want to know how to complete Form 1099-Q? Here are the step-by-step instructions for filing Form 1099-Q. When is the deadline to file Form 1099-Q? For the 2024 tax year, the due date to electronically file Form 1099-Q is March 31, 2025. If you file the 1099-Q Form by paper, the due date is February 28, 2025. The due date to distribute the recipient copy is January 31, 2025. If the deadline falls over a weekend or on a federal holiday, the deadline automatically becomes the next business day. What are the penalties for not filing Form 1099-Q? There are potential 1099-Q penalties for filing late. Like other IRS Information Returns, the IRS could charge penalties ranging from $60 to $660 per form. This will depend on how late the form is filed and if the Trustee (payer) neglects to file. View More FAQ’s Success Starts with TaxBandits An IRS Authorized E-file provider you can trust Create a Free Account X How to File Form 1099-Q with TaxBandits Choose Form 1099-Q Choose Form 1099-Q and select the tax year you need to file for. TaxBandits allows you to file for both current and past tax years. Page 1 / 7 Next Select the Tax Year Navigate to the Next tab to choose the year (2024, 2023, and 2022) you want to file for. Back Page 2 / 7 Next Choose your Upload Method Select "Manual Entry" to file a few 1099-Q forms or "Bulk Import" to file multiple 1099-Q forms. Back Page 3 / 7 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 Page 4 / 7 Next Distribute Recipient Copies Distribute 1099-Q copies to recipients via postal mail, through an online access portal, or by using both methods. Back Page 5 / 7 Next Filing Summary Review the summary, edit the preference to verify TIN and address, and choose to transmit immediately or schedule later. Back Page 6 / 7 Next Track your Filing Status You can track the filing status with the IRS and state. Also, track the status of Recipient copy distribution. Request Demo Start Over Get Started Now X