The IRS mandates e-filing when you file 10 or more tax returns for the 2023 tax year.
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How to E-file Form 1099-Q Online for 2023 with TaxBandits?

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Choose Form

Select the Form 1099-Q, choose the appropriate tax year and proceed. With TaxBandits you can file your Form 1099-Q for current and previous tax years.

Enter Form 1099-Q Information

Enter the required information on the Form 1099-Q either manually or bulk upload through custom CSV/Excel templates.

Review Form 1099-Q

Review the information entered on the Form 1099-Q and make necessary changes if needed.

Transmit to the IRS

After reviewing the form, transmit the completed Form 1099-Q to the IRS and State.

Deliver Recipient Copies

You can opt to distribute your recipient copies either through postal mailing or secure online portal.

How to E-file 1099-Q

What Information is Required to File Form 1099-Q?

TaxBandits for Every Business IRS Form 1099-Q
  • 1. Payer Details: Name, TIN, and Address
  • 2. Recipient Details: Name, TIN, and Address, Account number
  • 3. Distribution Details: Gross Distribution, Earning, Basis, Distribution from: (Qualified Tuition Program, Coverdell ESA)

Get Started with TaxBandits to e-file your Form 1099-Q in minutes!

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State Filing

State Filing

Quickly and easily e-file State 1099 and State Transmittal /Recon forms as needed.

Postal Mail & Online Access

Postal Mail

TaxBandits delivers your recipient copies by postal mail.

FIRE File Upload

Online Access

TaxBandits allows the Employees/Recipients to View & Download the copies of their 1099 Form through a secured online access portal.

Bulk Upload

Bulk Upload

Use our bulk upload templates to simplify the process and import all of your 1099 data.

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Frequently Asked Questions

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 2023 Tax Year, January 31, 2024 is the due date to distribute Recipient copies, February 28, 2024 is the due date to Paper file with the IRS and April 1, 2024 is the due date to file Form 1099-Q electronically.

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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. Much like other IRS Information Returns, the IRS could charge penalties ranging from $60-$310 per form. This will depend on how late the form is filed and if the Trustee (payer) neglects to file altogether.

Frequently Asked Questions
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