E-file Form 1099-SA Online
Prepare and securely file the 1099-SA with TaxBandits to report distributions from Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), and Medicare Advantage MSAs.
A Comprehensive Solution for Form 1099-SA Filing
- Supports Federal and Corrections
- Multiple Data Import Options
- Distribute Recipient Copies by Mail or Online Access
- AI-powered Assistance & World-Class Support
PRO Features Built for Tax Professionals
- Complete Client Management
- Streamlined Team Management
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Form 1099-SA: Key Insights
- Form 1099-SA reports distributions from Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), and Medicare Advantage MSAs.
- This form reports distributions, whether paid directly to a medical service provider or the account holder.
- To ensure accurate reporting, a separate Form 1099-SA must be filed for each type of plan (HSA, Archer MSA, or Medicare Advantage MSA).
- Form 1099-SA must be filed electronically by March 31, 2025, and furnish the recipient copies by January 31, 2025.
Advantages of Using TaxBandits to E-file Form 1099-SA!
Discover the exceptional features that make TaxBandits the perfect solution for filing 1099-SA online.
Exclusive Pro Features for Tax Professionals
Improve your tax filing process and streamline workflows with premium features specifically developed for tax professionals.
Team Management
Effortlessly organize your team by adding unlimited members and assigning them roles like Preparer, Approver, or Transmitter based on their filing responsibilities.
Client Management
Use client management to securely share documents and communicate with clients through the customized portal that reflects your brand identity.
Custom Reports
Make better decisions with custom reports that provide insights into team performance and client filings, supported by in-depth analytics.
Tax Pros can simplify their 1099-SA filing with our advanced features!
Contact our team at (704) 684-4758 to discuss custom pricing options for high-volume filing!
Information Required to E-file Form 1099-SA Online
Payer’s Info
Name, address, and TIN
Recipient Info
Name, address, TIN, account number
Distribution Info
This may include,
- The total amount of distribution
- The total earnings distributed with excess HSA or Archer MSA contribution
- The appropriate distribution codes for distributions from HSAs, Archer MSAs, and Medicare Advantage MSAs
Fair Market Value (FMV) of the account on the date of death.
Start filing your 1099-SA forms with TaxBandits today.
How to E-file Form 1099-SA Online with TaxBandits?
TaxBandits offers you flexible options to complete 1099-SA filing. Simply choose your preferred data import method and file with ease.
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Step 1: Select Form 1099-SA
Select Form 1099-SA from the dashboard to file for the 2024 tax year.
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Step 2: Enter Form 1099-SA Information
Enter the required Form 1099-SA information either manually or by bulk upload option.
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Step 3: Choose Distribution Options
Choose how to deliver recipient copies: postal mail, online access, or advanced distribution (that supports both).
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Step 4: Review and Transmit
Review the 1099-SA 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.
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Step 1: Choose Import Method
Use our standard CSV template or upload your own file option to import Form 1099-SA data
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Step 2: Review Import Summary
Our system will generate your 1099-SA based on the imported data. You can review the data and make changes as needed.
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Step 3: Choose Distribution Options
Choose how to deliver recipient copies: Postal Mail, Online Access, or Postal Mail+Online Access.
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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-SA with the IRS?
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Frequently Asked Questions About Filing Form 1099-SA Online
What is the IRS 1099-SA Tax Form?
A 1099-SA is an IRS tax form used to report distributions from a health savings account (HSA), an Archer medical savings account (Archer MSA), or a Medicare Advantage medical savings account (MA MSA). In addition to filing this form with the IRS, the trustee of the account must provide a copy for the account holder. If the account holder has more than one type of these plans, a separate Form 1099-SA must be completed for each account.
Who is required to file Form 1099-SA?
Any business entity that is the trustee or issuer of health savings accounts (HSA), Archer medical savings accounts (Archer MSA), and Medicare Advantage medical savings accounts (MA MSA) must file the Form 1099-SA with the IRS to report any distributions from the account that took place during the tax year. The trustee must also distribute copies of the Form 1099-SA to the account holders.
When is the deadline to file Form 1099-SA for the 2024 tax year?
The deadline to file a paper copy of Form 1099-SA with the IRS is February 28, 2025, and the deadline to file electronically is March 31, 2025. The deadline to distribute recipient copies of Form 1099-SA is January 31, 2025.
It is also important to note that any business entity filing more than 10 forms is required to file electronically.
If the deadline falls on a weekend or federal holiday, it moves to the next business day.
What are the penalties for not filing Form 1099-SA?
If you fail to file Form 1099-SA within the specified deadlines, the IRS will impose penalties ranging between $60 and $660, depending on your business size and the delayed period.
To learn more about the 1099-SA penalties, click here.
How do I get my 1099-SA Tax Form?
If you are a recipient of a Form 1099-SA, you should contact the issuer of your account if you don’t receive your form. Account holders need the distribution information from this form to complete their own personal income tax return.
What are the different copies of Form 1099-SA used for?
The different copies of Form 1099-SA serve specific purposes:
- Copy A: This is sent to the IRS.
- Copy B: This copy is provided to the account holder (recipient).
- Copy C: This is kept by the trustee or custodian (the entity managing the account) for their own records.
