IRS Form 1099-S: Here’s what to know in 2022
Do you know year-end brings you a lot of paperwork? When it comes to real estate, there will be a huge amount of paperwork associated with real estate sales closing, etc. IRS Form 1099-S. On the other hand, attorneys & legal professionals need to be very careful when the year-end approaches & a new tax year begins. Because along with the beginning of the new tax year, the Internal Revenue Service requires every business to report the year-whole transactions. Among those transactions, real estate transactions are the one. To report these transactions you need to file 1099 S to the …