Beloit, WI -- IRS Form 1099-S is 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 forfeiture ownership interest in real estate. If a Unique Settlement Statement, prescribed under the Real Estate Settlement Procedures Act of 1974 (RESPA), is used, the settlement agent must file Form 1099-S. 1099-S Software at the site 1099fire.com makes it possible to prepare Copy B for the following tax year for transferor's who are selling their home now.

Form 1099-Sincludes such information as the date of closing, gross proceeds, address or legal description (including city, state and zip code), whether the transferor received or will receive property or services as part of the consideration, and the buyer's part of real estate tax.

Paper Filing, Electronic filing, Service Bureau...

1099-S can be filed by paper or electronically to the IRS. "Our 1099-S software makes it easy to import from Excel, print and electronically filing IRS Form 1099-S quickly and easily", said Erich J. Ruth, Technical Support for 1099FIRE, a market-leading provider of 1099-S software and services. Sample Excel templates can be found on the website 1099fire.com which will import into the 1099FIRE software or technical support can guide you through the process of importing by phone or email.

Electronic reporting of information returns eliminates the need to submit paper documents to the IRS. Electronically filed information may be submitted to the IRS 24 hours a day, 7 days a week. "Electronic filing of Form 1099-S is easy to do", said Ruth and "The system is updated each year to reflect the format changes that are made by the IRS". 1099FIRE software creates original, replacement, corrected and test files in the format required by the IRS for electronic transmission.

Filing information returns can be stressful. 1099FIRE can eliminate the stress of filing information returns by electronically filing in a timely manner and at an affordable price. 1099FIRE will beat any competitor price; attain a quote for any service from any competitor and 1099FIRE will provide same, if not more complete, service at a lower price.