Note: The IRS Recommends Filers to E-file Form 1099-S for Quicker Processing. E-File Now

How to E-file Form 1099-S Online for 2022 with TaxBandits?

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Enter Federal Tax Withheld Details
Review your Form 1099-DIV / 1096
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What Information is Required to File IRS Form 1099-S Online?

  • 1. Filer Details: Name, Address, Phone Number, TIN, Federal ID Number
  • 2. Transferor Details: Name, Address, ID Number, TIN, Account/Escrow Number
  • 3. Property Details: Closing Date, Gross Proceeds, Address, Real Estate Tax

Start filing your 1099-S tax returns with TaxBandits.

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State Filing

State Filings

Quickly and easily e-file your State 1099 Forms along with any State Recon/Transmittal Forms that you may need.

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

Make use of our bulk upload template and simplify the time taken in manually uploading your 1099 Form data.

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Frequently Asked Questions

What is IRS Form 1099-S?

Form 1099-S: is an IRS information return used for reporting the sale or exchange of real estate properties. This form is used to report the sales of, improved or unimproved lands (including airspace), permanent structures (including residential, industrial, or commercial building), and condominium units and its appurtenant fixtures and common elements (including land, co-op housing corporation stock, and any non-contingent interest in standing timber).

Want to know how to complete Form 1099-S? Here are the step by step Form 1099-S Instructions.


When is the deadline to file Form 1099-S?

For 2022 Tax Year, February 15, 2023 is the due date to distribute Recipient copies, February 28, 2023 is the due date to paper file with the IRS and March 31, 2023 is the due date to file Form 1099-S electronically.

Visit https://www.taxbandits.com/1099-forms/form-1099-s-deadline/ to know more about 1099-S Due dates


Is It Required To File Form 1099-S With The State?

Depends on the state requirements, you may need to file your Form 1099-S. If the state is a part of the Combined Federal/State Filing, then your returns will be forwarded to the participating states on your behalf. However, some states mandate the direct filing of 1099-S returns with additional filing requirements that fall to you.
Check Your State Filing Requirements.


How to correct Form 1099-S?

If your 1099-S Form is rejected or you notice an error on an already filed 1099-S Form, you'll need to correct it as soon as possible. Corrections can be made electronically or on paper. If the error is part of the transferor's data, a corrected copy of Form 1099-S will need to be sent to them as well.


What are the Late Filing Penalties for Form 1099-S?

The IRS will issue penalties for filing 1099-S Forms for the following reasons:

  • Failing to file machine-readable paper forms
  • Paper filing when you are required to e-file
  • Failing to include all the required filing information
  • Information or data entered incorrectly
  • Failing to report a Taxpayer Identification Number (TIN)
  • Reporting an incorrect TIN

Click here to know about 1099-S Penalties


How to Get an Extension for IRS Form 1099-S?

Need more time in Filing your Form 1099-S? You can apply for an automatic 30-day extension by completing Form 8809 and filing it by your original due date. Your extension will be approved within an hour.

Learn More about Form 1099 Extensions.

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