The Deadline to E-file Form (formType) is March 31, 2025.E-File Now
E-File Form 1099-SA Online
A simple solution for trustees of Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), or Medicare Advantage MSAs to file Form 1099-SA and
distribute recipient copies.
Why Choose TaxBandits to E-file Form 1099-SA?
- Easy and secure e-filing solution
- Import your business and recipient data using our Bulk Upload option
- Distribute recipient copies through Postal Mail/Online Access Portal
- AI-powered Assistance at Every Step
- World-Class Customer Support
Check out What’s New!
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 Deadline for 2024 Tax Year
| Electronic Filing | Recipient Copy Distribution |
|---|---|
| March 31, 2025 | January 31, 2025 |
What Information is Required to File IRS Form 1099-SA Online?
- 1. Payee’s Info: Name, address, and TIN
- 2. Recipient Info: Name, address, TIN, account number
-
3. Distribution Info: This may include,
- i. The total amount of distribution
- ii. The total earnings distributed with excess HSA or Archer MSA contribution
- iii. The appropriate distribution codes for distributions from HSAs, Archer MSAs, and Medicare Advantage MSAs
- 4. Fair Market Value (FMV) of the account on the date of death.
Start filing your 1099-SA tax returns with TaxBandits
Efficiently Meet Your 1099-SA Filing Requirements with TaxBandits
TaxBandits offers a full range of services to meet your Form 1099-SA filing requirements and guarantee compliance with IRS regulations.
Supports Federal Filing
Effortlessly prepare and e-file your 1099-SA forms while ensuring full IRS compliance.
W-9 Manager
Collect W-9s from the recipients online and use that information to file 1099-SA for them at the click of a button.
TIN Matching
Verify recipient TINs with the IRS database beforehand to ensure your 1099-SA forms are error-free.
Postal Mailing
TaxBandits can efficiently print and mail your 1099-SA copies to all required recipients.
Online Access
Securely share copies of the 1099-SA form with recipients through our secure online access portal.
Corrections
Fix errors in previously filed 1099-SA forms using TaxBandits immediately and accurately.
How to E-file Form 1099-SA Online for 2024 with TaxBandits?
Start by selecting Form 1099-SA from your dashboard. With TaxBandits, you can file this form for both the current and previous tax years.
Enter the form data manually or choose our bulk import option to fill out your 1099-SA form.
You can select how you'd like to distribute recipient copies—by mail, online access, or with the BanditComplete option, which offers both.
Review the information entered on Form 1099-SA and make any necessary changes.
After reviewing, transmit the completed Form 1099-SA to the IRS.
Are you ready to E-file your 1099-SA Form? File in minutes with TaxBandits!
Features for Seamless E-filing of 1099-SA Online!
User-Friendly Interface
Our software simplifies the filing process with intuitive navigation and clear, step-by-step instructions.
Address Book
Add payers and recipients once, securely store their details, and access the information for future filings.
Bulk Upload Options
Say goodbye to tedious manual entry! Quickly upload your data using our standard CSV template for a stress-free filing experience.
Save As Drafts
You can save your 1099-SA filing progress as a draft and continue later from where you left off.
Internal Audit Check
Error checks are built-in to audit your 1099-SA forms for common errors before transmission.
IRIS Business Validation
Our software meets IRIS standards, ensuring your 1099-SA forms comply with the latest IRS business rules.
Download Form Copies
With TaxBandits, you can download and print copies of your transmitted 1099-SA forms on your own.
Dedicated Support
Our dedicated support team is available 24/7 to address any inquiries regarding the filing process via telephone, email, or live chat.
Exclusive Pro Features Specially for Tax Professionals
BanditCollab (Team Management)
Streamline your workflow by adding unlimited team members and assigning specific roles—Preparer, Approver, or Transmitter based on their filing responsibilities.
BanditConnect (Client Management)
Securely exchange documents, communicate with clients through BanditConnect, and customize the portal to showcase brand identity.
Custom Reports
Improve your decision-making with detailed reports that provide a clear view of team member activities and client filings through comprehensive analytics.
Simplify Your 1099-SA Filing with Our Powerful API
Use our API to easily manage your 1099-SA filing and distribution from your current systems. Integrate it with your software or portal to automate the process, reduce manual work, and improve accuracy.
Learn moreRead What Our Customer Says About TaxBandits!
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Frequently Asked Questions on Form 1099-SA
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.
Quick Note: 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).
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Copy C: This is kept by the trustee or custodian (the entity managing the account) for their own records.
