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File Form 1099-S for Tax Year 2024 with Ease
Easily report real estate transactions with TaxZerone’s seamless and accurate e-filing solution for Form 1099-S.
Affordable Pricing
Starting at just $2.49 per form, with bulk filing options as low as $0.59 per form.
For your return volume
Filing Requirements for Form 1099-S
Ensure your 1099-S filing is quick and accurate! Here's what you'll need:
- Filer Information: Name, TIN, and Address.
- Transferor Information: Name, TIN, and Address.
- Transaction Details:
- Date of Closing.
- Gross Proceeds from the sale.
- Description of the property.
- Buyer’s part of real estate tax
3 Simple Steps to File Form 1099-S
Filing your Form 1099-S with TaxZerone is fast, easy, and secure. Here’s how you can do it in just three simple steps:
Enter Transaction Details
Provide essential information like filer and transferor details, gross proceeds, and property description.
Review & Transmit
Check your entries with TaxZerone’s IRS validations, ensuring accuracy before secure submission to the IRS.
Send Transferor Copy
Easily share the transferor’s copy electronically via ZeroneVault or opt for postal delivery.
Why Choose TaxZerone for Form 1099-S E-filing?
TaxZerone is the trusted e-filing solution for businesses of all sizes. Here’s why:
IRS Form Validations
Minimize errors with automated validations that ensure compliance with IRS standards.
Bulk Upload Support
Easily upload and file multiple forms, saving time for those handling multiple transactions.
Secure Sharing of Transferor Copies
Effortlessly deliver the transfer’s copy securely via ZeroneVault for safe electronic sharing or choose postal mail for a more traditional option.
Competitive pricing
Enjoy affordable rates tailored to your filing needs, with prices decreasing as your volume increases.
Form-based Filing
A user-friendly interface ensures you only need to fill out essential fields; we’ll handle the rest.
Guided Filing Process
Receive real-time assistance and helpful prompts to confidently complete your filing.
Important Deadlines for Filing Form 1099-S
Send Transferor Copies
Deadline: February 17, 2025 Share transferor copies electronically via ZeroneVault or choose postal delivery.
File with the IRS (e-file)
Deadline: March 31, 2025 Ensure timely submission by filing your form 1099-S electronically.
File with the IRS (paper)
Deadline: February 28, 2025 Submit paper filings if applicable.
Save Time with TaxZerone
Streamline your real estate reporting by filing Form 1099-S on time and stress-free.
Start Filing Now!E-file Form 1099-S pricing calculate
| No. of Forms | Price 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 Mailing | Price 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 Delivery | Price 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-S
There are no state-specific tax filing requirements for Form 1099-S. TaxZerone ensures your federal filing is complete and compliant, so you don’t need to worry about any additional state-level reporting.
Schedule Filing: Stay Organized and File On Time
Take the stress out of last-minute filing! With Schedule Filing, you can plan your Form 1099-S submissions in advance, and we’ll take care of the filing process when the time comes.
Set Your Filing Date
Select a filing date that suits your schedule, and we’ll ensure your Form 1099-S is promptly and accurately submitted to the IRS.
Ensure Data Accuracy
Give the transferor the opportunity to review their 1099-S forms before submission, allowing for early corrections and ensuring precise reporting.
Avoid IRS Corrections
Scheduling your filing lets you validate all details ahead of time, reducing errors and eliminating the hassle of filing IRS correction forms later.
Share Transferor Copies with Ease
TaxZerone simplifies the delivery of Form 1099-S copies to your transferor, ensuring secure and timely distribution. Choose the method that best suits your business needs:
Electronic Sharing via ZeroneVault
- Seamlessly share transferor copies through ZeroneVault, a user-friendly and secure platform.
- Transferors can instantly access their forms online, removing the need for printing or mailing.
- Rely on ZeroneVault’s robust data protection to handle sensitive tax information with the highest level of security.
Reliable Postal Mailing
- Prefer physical copies? TaxZerone’s postal service ensures professional and timely delivery of Form 1099-S to the transferor.
- Meet IRS deadlines effortlessly while saving time and effort by letting TaxZerone manage the mailing process.
Get Started with TaxZerone Today
Filing Form 1099-S online has never been easier. With TaxZerone, you can:
- File quickly and accurately.
- Stay compliant with IRS requirements.
- Save time with bulk upload.
- File at the best price in the industry.
Start your e-filing process today and complete your Form 1099-S in just 3 simple steps!
Takes 3 steps and less than 5 minutes
Frequently Asked Questions
1. What is Form 1099-S?
2. Who Needs to File Form 1099-S?
- Real Estate Agents and Brokers: If they are involved in managing the sale, they must ensure Form 1099-S is filed.
- Title or Closing Companies: Often designated as the party responsible for filing as they oversee the settlement process.
- Transferors (Sellers): If no third party is designated, the seller must ensure the form is submitted to the IRS.
3. When is the Deadline for Filing Form 1099-S?
- Transferor Copy: The seller must receive their copy by February 17, 2025 of the year following the transaction.
- Paper Filing to IRS: Due by February 28, 2025.
- E-Filing to IRS: Due by March 31, 2025.
If the deadline falls on a weekend or a holiday, it is automatically extended to the next business day.
Meeting these deadlines is crucial to avoid penalties and ensure compliance with tax regulations.
4. What are the Penalties for Late Filing for Form 1099-S?
Penalties Based on Filing Delays:
- Filed Within 30 Days of the Deadline:
A penalty of $60 per form applies. The maximum penalty: - $232,500 for small businesses (annual gross receipts of $5 million or less).
- $664,500 for large businesses (gross receipts over $5 million).
- Filed After 30 Days but By August 1:
The penalty increases to $130 per form. Maximum penalties rise to: - $664,500 for small businesses.
- $1,993,500 for large businesses.
- Filed After August 1 or Not Filed at All:
A penalty of $330 per form is imposed. Maximum penalties are: - $1,329,000 for small businesses.
- $3,987,000 for large businesses.
Additional Penalties for Errors:
- Intentional Disregard: If the filer knowingly fails to submit Form 1099-S, the penalty jumps to $660 per form, with no maximum cap.
Filing accurate and timely returns ensures compliance with IRS regulations and avoids costly penalties that can heavily impact businesses.
About TaxZerone®
TaxZerone® is an IRS-authorized e-file service provider that helps businesses and individuals file multiple IRS forms, such as excise, employment tax, extension, information returns, and tax-exempt forms, easily and securely.
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2290 Amendments
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Resources
- Form 2290 Instructions
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- Form 2290 Schedule 1
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- 2024 Form W-2 Updates
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- Form 941 Instructions 2023
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- FTB CA Form 199 Instructions
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- Form FTB 3885
- Form FTB 3885F
- BOI Reporting Instructions
- BOI Reporting Due Dates
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