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-SB is a tax form used by insurance companies to report the sale, transfer, or assignment of life insurance policies from one company to another. The form provides information on the surrender or termination of a life insurance contract when it's transferred for valuable consideration, usually in connection with a life settlement.

Who Issues Form 1099-SB: The insurance company that originally held the policy issues Form 1099-SB. It is issued when a life insurance policy is sold or transferred in exchange for a cash payment or other consideration to another insurance company.

Who Receives Form 1099-SB: The form is sent to the insurance company or entity that acquired the policy and to the IRS. The original policy owner (typically the individual insured) generally does not receive this form directly; instead, it goes to the acquiring party.

Purpose of Form 1099-SB: The form is used to report the cost basis of the policy being transferred. This is the amount originally paid into the policy plus any additional premiums, and it helps the new policy owner understand their tax liability. The form is also issued to the new policyholder so they can calculate potential gains or losses for tax purposes when the policy is eventually surrendered or matures.

Due Date: The issuing insurance company must provide Form 1099-SB to the new owner by January 31 and file it with the IRS by February 28 if filed on paper, or by March 31 if filed electronically.