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WorldSharp™ 1099 Preparation System
The WorldSharp™ 1099 Preparation System is used to import, enter, print and electronically report all 1099 forms. It has a robust data import capability. It prints data on preprinted forms or prints data and forms on blank paper. It allows you to file electronically with the IRS. The single user version is $89.95 and electronic filing and every form except 1042-S is included with every system.
Supported Forms (Select form for details)
1099-A
Acquisition or Abandonment of Secured Property
A Form 1099-A issued when the lender of a loan, in full or partial satisfaction of the debt, acquires an interest in property that is security for the debt, or has reason to know that the property has been abandoned. The lender need not be in the business of lending money to be subject to this reporting requirement.
If, in the same calendar year, the debt of $600 or more in connection with a foreclosure or abandonment of the secured property, it is not necessary to file both Form 1099-A and Form 1099-C. The 1099-C may be filed alone.
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