This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1099-A for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 1099-A?
A: IRS Form 1099-A is a tax form used to report the acquisition or abandonment of secured property.
Q: Who needs to file IRS Form 1099-A?
A: Lenders or creditors who have acquired or abandoned secured property need to file IRS Form 1099-A.
Q: What is the purpose of filing IRS Form 1099-A?
A: Filing IRS Form 1099-A helps the IRS track the transfer of ownership or abandonment of secured property for tax purposes.
Q: When is IRS Form 1099-A due?
A: IRS Form 1099-A is typically due to the Internal Revenue Service by January 31st of the year following the acquisition or abandonment of the property.
Q: What information is required on IRS Form 1099-A?
A: IRS Form 1099-A requires information such as the lender's or creditor's name, address, taxpayer identification number, the borrower's information, and details about the acquisition or abandonment of the secured property.
Q: What happens if I don't file IRS Form 1099-A?
A: Failure to file IRS Form 1099-A or filing it with incorrect information may result in penalties and fines from the IRS.
Q: Can I e-file IRS Form 1099-A?
A: No, you cannot e-file IRS Form 1099-A. It must be filed by mail.
Q: Do I need to send a copy of IRS Form 1099-A to the borrower?
A: Yes, you are required to send a copy of IRS Form 1099-A to the borrower whose name is listed on the form.
Q: Can I correct errors on IRS Form 1099-A?
A: Yes, if you have made an error on a filed IRS Form 1099-A, you can correct it by filing a corrected form, known as IRS Form 1099-Ac.
Form Details:
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