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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1099-SB
for the current year.
IRS Form 1099-SB Seller's Investment in Life Insurance Contract
What Is IRS Form 1099-SB?
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.
FAQ
Q: What is IRS Form 1099-SB?
A: IRS Form 1099-SB is a tax form used to report the seller's investment in a life insurance contract.
Q: Who needs to file IRS Form 1099-SB?
A: The person or entity who sold a life insurance contract and received payment needs to file IRS Form 1099-SB.
Q: What information does IRS Form 1099-SB require?
A: IRS Form 1099-SB requires information about the seller, the buyer, and the sale of the life insurance contract.
Q: When is the deadline to file IRS Form 1099-SB?
A: The deadline to file IRS Form 1099-SB is usually January 31st of the year following the sale.
Q: What are the consequences of not filing IRS Form 1099-SB?
A: Failure to file IRS Form 1099-SB or filing it late can result in penalties imposed by the IRS.
Q: Can I e-file IRS Form 1099-SB?
A: Yes, you can e-file IRS Form 1099-SB using approved software or through an authorized e-file provider.
Form Details:
- A 6-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1099-SB through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1099-SB Seller's Investment in Life Insurance Contract
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