IRS Form 1099-S, Proceeds From Real Estate Transactions, is a simple form filed to report the sale or exchange of real estate. You are required to report a transaction that consists in whole or in part of the sale or exchange for money, indebtedness, property, or services of any present or future ownership interest in real estate. If a Uniform Settlement Statement, prescribed under the Real Estate Settlement Procedures Act (RESPA) of 1974, is used, the settlement agent must file Form 1099-S.
With our 1099-S software, you can import data from excel, print Copy B and C (or convert to PDF) and file the 1099-S data electronically to the IRS along with IRS Form 1096. It's easy to do.
Type information on the screen as it would be typed on the form itself. Or import the data from Excel or some type of spreadsheet. A sample excel import file can be downloaded here.
File by paper
You can file 250 1099-S forms to the IRS per year. If you file more than 250, then you must efile. Copy B and C can be printed on plain paper with black ink and with instructions. Each page of Copy B can be tri-folded and fits perfectly in any 2-window envelope. You can print just your data right on the red-ink (or pink colored) Form 1096 and Copy A. You can adjust the left and top margins so that the data prints perfectly on top of the red-ink forms every time.
Our 1099-S software lets you file electronically securely AND directly to the IRS. Most of the 1099 software packages on the market transmit data from your individual computer back to the vendor company. The vendor company reviews the data and then transmits the data to the IRS and charges you per record filed. Our software doesn't function that way. Instead our 1099-S software creates and reviews the file to transmit to the IRS right on your computer. If there are errors, the software will let you know of those errors before efiling. If there are no errors, you can transmit your data directly to the IRS (and not to us). Your data stays secure.
Our software creates files in the format required by the IRS for electronic transmission. The system is updated each year to reflect the format changes that are made by the IRS. File current or prior year original, replacement or corrections.
Print and efile unlimited 1099-S forms.
You do not need to purchase a license of the software for this option.
We will import, convert and e-mail to you Copy B in PDF format and convert customer supplied file to an IRS e-file ready format. Support is provided to guide you through the process of uploading the file to the IRS. If the submission is not approved, we will assist in submitting a replacement file.
We will not audit or make any other verification on the data you submit, although it may be necessary to ask you for clarification of some of the information.
Our eFile ready service starts at $349 for up to 10,000 information returns. Call our sales office at (480) 706-6474.
Data entered may be stored/saved anywhere on your hard drive or to external diskettes for quick retrieval.
All of our software functions on any Windows operating system. The software functions on networks or stand-alone personal computers and is compatible with all printers.
All of our software functions on any Windows
operating system. The software functions on networks or stand-alone personal computers
and is compatible with all printers.
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