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We can
eliminate the stress of filing information returns by providing
complete, secure outsourcing solutions for IRS Form 1099-A.
Stay compliant, reduce administrative costs and know that the job
will get done right.
There
is no software to purchase, install and/or learn. We can handle
everything from data conversion to printing, mailing and e-filing
meeting every deadline and expectation.
Our
1098 outsourcing services comply with the latest tax rules and
regulations - another facet of our services that will save you time
over desktop tax form processing software solutions that require
manual updates.
We are
registered with the IRS FIRE (Filing Information Returns
Electronically) program.
Instructions for
Borrower
Certain lenders who acquire an interest in property
that was security for a loan or who have reason to know that such
property has been abandoned must provide you with this statement.
You may have reportable income or loss because of such acquisition
or abandonment. Gain or loss from an acquisition generally is
measured by the difference between your adjusted basis in the
property and the amount of your debt canceled in exchange for the
property, or, if greater, the sale proceeds. If you abandoned the
property, you may have income from the discharge of indebtedness in
the amount of the unpaid balance of your canceled debt. You also may
have a loss from abandonment up to the adjusted basis of the
property at the time of abandonment. Losses on acquisitions or
abandonments of property held for personal use are not deductible.
See Pub. 4681 for information about foreclosures and abandonments.
Property means any real property (such as a personal
residence); any intangible property; and tangible personal property
that is held for investment or used in a trade or business.
If you borrowed money on this property with someone
else, each of you should receive this statement.
Due Dates
Furnish Copy B of this form to the
payer by January 31.
File Copy A of this form with the IRS
by February 28. If you file electronically, the due date is
April 2.
Please send an e-mail to
info@efileclaims.com with any feedback
or comments about any of our services.
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