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File your 1099-C forms for the tax year 2024 with TaxZerone
E-File Form 1099-C

File Form 1099-C for Tax Year 2024 with Ease

Easily report debt cancellation with TaxZerone's accurate and hassle-free e-filing solution for Form 1099-C

File Form 1099-C Now

Affordable Pricing

Start at just $2.49 per form, with rates as low as $0.59 for bulk filings.

See Pricing

For your return volume

Filing Requirements for Form 1099-C

Ensure a smooth filing process by having the following information ready:

  • Creditor Information: Creditor's Name, TIN, and Address.
  • Debtor Information: Debtor's Name, TIN, and Address.
  • Debt Information: Original debt amount, amount of canceled debt, and the date of cancellation.

3 Simple Steps to File Form 1099-C Online

Filing your Form 1099-C with TaxZerone is quick, easy, and secure.
Here’s how you can complete the process in just three simple steps:

3 Simple Steps to File Form 1099-C Online
  • Enter Details

    Enter Details

    Fill out creditor and debtor details, and include canceled debt information.

  • Review & transmit

    Review & transmit

    Validate your forms for accuracy and securely e-file with the IRS.

  • Send Debtor Copies

    Send Debtor Copies

    Share debtor copies electronically via ZeroneVault or opt for postal mailing.

File Form 1099-C

Why Choose TaxZerone for Form 1099-C E-filing?

TaxZerone is the trusted e-filing solution for businesses of all sizes. Here’s why:

IRS Form Validations

IRS Form Validations

TaxZerone automatically validates Form 1099-C submissions, ensuring accuracy and reducing the risk of penalties.

Bulk Upload

Bulk Upload

Efficiently file multiple Form 1099-C filings with our bulk upload option. Perfect for businesses managing numerous debt cancellation cases.

Secure Delivery

Secure Delivery

Share debtor copies easily and securely through ZeroneVault, or choose traditional postal mailing for physical delivery.

Best Price in the Industry

Best Price in the Industry

Enjoy competitive pricing starting at $2.49 per form, with discounts available for bulk filings.

Streamlined Form-Based Filing

Streamlined Form-Based Filing

File effortlessly with our user-friendly, form-based interface—just like completing a traditional paper form, but faster and easier.

Guided Filing Assistance

Guided Filing Assistance

Our platform provides real-time guidance, helping you navigate each field to confidently complete your Form 1099-C submission.

Important Deadlines for Filing Form 1099-C

Send debtor Copies

Send Debtor Copies

Deadline: January 31, 2025 Deliver debtor copies securely through ZeroneVault for electronic sharing or via postal mail.

File with the IRS (e-file)

File with the IRS (e-file)

Deadline: March 31, 2025 Submit your Form 1099-C electronically for faster processing.

File with the IRS (paper)

File with the IRS (paper)

Deadline: February 28, 2025 If filing by paper, ensure timely mailing of your Form 1099-C to the IRS.

Save time and stress with TaxZerone. File your 1099-C on time and effortlessly.

Start Filing Now!

E-file Form 1099-C pricing calculate

No. of FormsPrice Per Form
1 to 25$2.49
26 to 50$1.99
51 to 100$1.59
101 to 250$1.29
251 to 500$1.09
501 to 1000$0.79
1001 and above$0.59

Estimate Your Price

Enter the number of to calculate your estimated cost
Total Price:$0.00
W-2/1099 Postal MailingPrice Per Form
Per Form$1.75

Estimate Your Price

Enter the number of to calculate your estimated cost
Total Price:$0.00
W-2/1099 Electronic DeliveryPrice Per Form
Per Form$0.50

Estimate Your Price

Enter the number of to calculate your estimated cost
Total Price:$0.00

State Filing Not Required for Form 1099-C

There are no state-specific tax filing requirements for Form 1099-C. TaxZerone ensures your federal filing iscomplete and compliant, so you don’t need to worry about any additional state-level reporting.

Schedule Filing: Plan Ahead and Stay On Track

Prepare your Form 1099-C filings ahead of time, and we'll take care of the submission on your selected date.

Choose Your Filing Date

Choose Your Filing Date

Set your preferred filing date, and we'lll ensure your Form 1099-C is submitted accurately and on time.

Ensure Accuracy

Ensure Accuracy

Debtors can review their Form 1099-C before submission, making sure all details are correct.

Avoid IRS Correction Forms

Avoid IRS Correction Forms

Scheduling your filing in advance helps minimize errors and reduces the need for IRS correction forms later.

Schedule 1099-C Now!

Share Debtor Copies with Ease

TaxZerone streamlines the process of delivering Form 1099-C copies to your Debtor securely and on time.
Choose the method that best suits your business needs:

Electronic Sharing via ZeroneVault

Electronic Sharing via ZeroneVault

  • Securely share debtor copies through ZeroneVault, an intuitive and user-friendly platform.
  • Debtors can instantly access their forms online, eliminating the hassle of printing or mailing.
  • Benefit from ZeroneVault’s advanced data protection, ensuring the secure handling of sensitive tax information.
Reliable Postal Mailing

Traditional Postal Mailing

  • Prefer sending physical copies? TaxZerone’s postal service ensures timely and professional delivery of debtor forms.
  • Stay compliant with IRS deadlines while saving time and effort by entrusting TaxZerone with the mailing process.

Get Started with TaxZerone Today

Filing Form 1099-C online is fast and hassle-free with TaxZerone. Here’s why it’s the smart choice:

  • File efficiently and accurately.
  • Ensure compliance with IRS regulations.
  • Save time using bulk upload.
  • Enjoy the best pricing in the industry.

Start your e-filing journey now and complete your Form 1099-C in just three simple steps!

File Form 1099-C Now!

Frequently Asked Questions

1. What is Form 1099-C

Form 1099-C, Cancellation of Debt, is used to report the cancellation of $600 or more in debt owed by a borrower. Creditors must file this form with the IRS and provide a copy to the borrower. The information on this form is used by borrowers to report the canceled debt as taxable income, unless exclusions apply.

2. Who needs to file Form 1099-C?

Form 1099-C must be filed by:
  • Financial institutions such as banks, credit unions, and credit card companies.
  • Federal government agencies.
  • Certain businesses or lenders engaged in the trade or business of lending money.
These entities are required to file if they cancel $600 or more of a borrower’s debt during the tax year.

3. When is the Deadline for Filing Form 1099-C?

The filing deadlines for Form 1099-C are:
  • Debtor Copy: Due by January 31 of the following year.
  • Paper Filing with the IRS: Due by February 28 of the following year.
  • Electronic Filing with the IRS: Due by March 31 of the following year.

4. What are the Penalties for Late Filing?

Failing to file Form 1099-C on time may result in penalties, which vary based on how late the filing occurs:
  • Within 30 days of the due date: $60 per form, with a maximum penalty of $664,500 per year ($232,500 for small businesses).
  • Beyond 30 days but before August 1: $130 per form, with a maximum penalty of $1,993,500 per year ($664,500 for small businesses).
  • After August 1 or not filed at all: $330 per form, with a maximum penalty of $3,987,000 per year ($1,329,000 for small businesses).
  • Intentional disregard of filing requirements: The penalty is at least $660 per information return, with no maximum limit.

Penalties may also apply for errors in the form or failure to provide debtor copies.