It is the Most Common 1099 Form

What is a 1099-B Form?

The 1099-B form is used for the reporting of proceeds from brokered or bartered transactions.

Who Should File the 1099-B Form?

Brokers and financial institutions are required to file a 1099-B form.

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Why is it Important to File?

1099-B forms must be filed to provide a report of the proceeds from brokered or bartered transactions.

When Should it be Filed?

On or before January 31, 1099-B forms must be sent to recipients via mail, and e-filed with the IRS by March 31, annually.

Where Should it be Filed?

1099-B forms must be filed to the IRS.

In General:

The 1099-B form is intended to provide a report of the proceeds coming from brokered or bartered transactions, wherein payment for the goods or services provided did not involve a certain amount of money, instead an exchange of something else occurred.

1099-B Forms Apply to the Following Businesses:

Brokers
Obligors

(Those who regularly issue and retire their own debt obligations)

Corporations

(Those who claim their own stock, regularly)

Barter Exchanges
Other Financial Institutions

1099-B Forms must be filed for persons who transacted with a broker.

Proceeds covered by 1099-B forms include:

Stocks
Mutual funds
Bonds
Commodities
Regulated Futures Contracts
Foreign Currency Contracts
Forward Contracts
Debt Instruments

AVOID THE RUSH.

File your 1099-B form with e-Filing Plus today!