It's Secure: Transmit your data directly to the IRS or to any specific state portal. Your data is not transmitted via the cloud or any third party.

Excel Integration: Import your data from excel (xls, xlsx). Download your sample excel file to get started.

Print: Copy B can be printed on plain paper with black ink. No additional forms need to be purchased. Designed to be tri-folded into a standard, #10 size, double window envelope.

Files are processed faster with fewer errors: Our software does an excellent job of detecting errors before you transmit your data to the IRS.

FREE Technical Support: Speak to a local and live support specialist. We can answer any question that might arise.

We can print, mail and electronically file on your behalf originals or corrections for current or prior tax years to the IRS through the Combined Federal/State program and to any specific states.

Assigned Representative: Every customer is assigned a dedicated representative who provides personalized support with at least 15 years of tax filing experience.

Reduced Administrative Burden: By outsourcing tax-related tasks, businesses can free up their internal resources to focus on core operations.

No TCC or ID.me Account Required: The service eliminates the need for obtaining Transmitter Control Codes (TCC) or verifying identity through ID.me, which can be cumbersome for businesses.

High Volume & Complex Filing Capabilities: 1099FIRE is equipped to manage large volume filings, multiple payers, and handle state filings, bulk TIN matching, and more, including transmission through the Combined Federal/State Filing (CFSF) program.

Why do I need to call for a quote? Every project is different, and a one-size-fits-all approach simply won't do. Calling us for a custom quote will ensure that our team can thoroughly understand your specific needs and provide a solution that's perfect for you. Sales can be reached at (480) 706-6474.

Not a problem. Our software and outsourcing services are capable of meeting your needs. Print and electronically file originals or corrections for current or prior tax years.

IRS Form 1099-A, "Acquisition or Abandonment of Secured Property," is issued when property that secures a loan is either acquired by the lender or abandoned by the borrower. This form typically relates to foreclosures or repossessions, as it provides information about the transfer of the secured property. Form 1099-A helps taxpayers and the IRS determine if there are any potential tax consequences from the transaction, such as capital gains or losses.

Who Issues Form 1099-A: Lenders (including banks, mortgage companies, and other financial institutions) issue Form 1099-A when they acquire property due to a foreclosure or repossession. The form is sent to the borrower and the IRS to document the transfer of the property securing the loan.

Who Receives Form 1099-A: Borrowers receive this form if their property (e.g., home or car) is repossessed or foreclosed on by a lender. It typically signals that the lender has either taken ownership or abandoned the property.

Purpose of Form 1099-A: The purpose of IRS Form 1099-A, "Acquisition or Abandonment of Secured Property," is to report the transfer of property (usually due to foreclosure or repossession) from a borrower to a lender when a secured loan is not repaid. It provides the IRS and the borrower with key details, such as the property's fair market value and the outstanding loan balance, which help determine any tax implications, like potential capital gains or losses.

Due Date: Furnish Copy B to the borrower by January 31. File electronically by March 31.

A Is for Abandonment