Forms 1099-S, 1099-B, 1099-MISC (Box 8 &10) Are Due February 15, 2024: E-file And Distribute Copies With TaxBandits

Published February 12, 2024

ROCK HILL, SC / ACCESSWIRE / February 12, 2024 / January may have come and gone, but there are still a few more IRS Form 1099 deadlines that businesses and tax professionals must be aware of. By February 15, 2024, it is mandatory to distribute copies of Forms 1099-S, 1099-B, and, in specific cases, 1099-MISC to recipients as per IRS requirements. By law, the IRS requires payers to furnish form copies to recipients in addition to filing forms with the IRS. Failure to do so may result in unwanted fees and penalties.

TaxBandits, a leading provider of payroll and employment tax forms, presents straightforward, secure, and precise solutions tailored for business owners, tax professionals, and service providers of all sizes, ensuring effortless compliance with deadlines. This includes the 1099 recipient copy deadline on February 15th.

An Overview of 1099 Forms Due on February 15, 2024:

TaxBandits supports the following IRS 1099 Forms that must be completed and distributed by this deadline:

Form 1099-B:

Form 1099-B is an information return used for reporting broker or barter exchange transactions. It mandates specific details about the transactions, including gains, losses, stocks, bonds, and relevant investment information such as the date of purchase, sale, or acquisition.

Form 1099-S:

Form 1099-S serves as an information return specifically for reporting the exchange or sale of real estate property. This encompasses various property types, such as land, permanent structures, residential buildings, commercial or industrial buildings, and condominium units.

Form 1099-MISC:

Form 1099-MISC functions as an information return reporting miscellaneous payments made throughout the tax year during the course of business. It's crucial to note that the deadline for distributing recipient copies, pertains only to amounts reported in Box 8 and/or 10.

  • Box 8: Substitute payments in lieu of dividends or interest
  • Box 10: Gross proceeds paid to an attorney

Simple Solutions for Distributing Recipient Copies

TaxBandits offers efficient, cost-effective services for distributing recipient copies of 1099 forms. Their clients can choose either, or both based on the needs of their recipients.

Postal Mailing Services

TaxBandits prints and mails any volume of recipient copies from a secure, SOC 2 Certified print center. In addition, TaxBandits performs USPS Address Validations to ensure that recipient copies are mailed to a verified address in the USPS database. For added security, the recipients' TIN will be masked.

Secure Online Access Services

TaxBandits clients can grant their recipients access to view and download their form copies via their secure online Portal. This paperless option is not only sustainable, but it is highly secure and allows your recipients access to their forms indefinitely. This feature eliminates the need to re-issue paper copies to recipients months or years in the future.

Businesses and tax professionals can begin the 1099 compliance process today at

About TaxBandits:

TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider specializing in 1099, Form W-2, Form 1095-C, Form 1095-B, Form 940, Form 941, and Form W-9. Serving businesses, service providers, and tax professionals, TaxBandits offers a comprehensive solution for year-end filings.

Software providers and other high-volume filers can take advantage of TaxBandits API. The integration allows them to add value for their clients and expand monetization efforts. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms. Software providers can also use the developer-friendly 1099 API to request W-9s and automate 1099 filings efficiently.

About SPAN Enterprises:

Headquartered in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software tools for e-filing and business management for over a decade. The SPAN Enterprises portfolio includes Tax 990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

For any media inquiries, please reach out to Stephanie Glanville, Content Writer at

SOURCE: TaxBandits

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