IRS Form 1099-LS (Tax Year 2025)

Reportable Life Insurance Sale

Software

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Transmit directly to the IRS.
Requires a TCC code issued by the IRS and IDme account.
File originals or corrections for current or prior years.
Software imports up to 2,500 records. Additional 10,000 record increments can be purchased by calling sales at (480) 706-6474.

Outsourcing

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We assign a real person to review your data.
No TCC required. No IDme. No finger print.
Let our trained staff import your data from excel, print and mail, and electronically file on your behalf using our TCC number.
Custom quotes tailored specifically to your needs. We are committed to providing you with exceptional service and competitive pricing.

Software Advantages

Secure Transmission

Send your data directly to the IRS or any state portal without using the cloud or third-party servers. Your information stays private and protected.

Excel Integration

Easily import data from Excel (xls, xlsx) for quick setup. Download a sample Excel file to get started.

Simple Printing

Generate Copy B on plain paper using black ink—no need to purchase special forms. Each copy is designed to fold perfectly into a standard #10 double window envelope.

Faster Processing with Fewer Errors

Our software automatically detects common mistakes before transmission, helping ensure your files are processed quickly and accurately.

Free Technical Support

Get help from a live, U.S.-based support specialist who can answer questions and guide you through the filing process.

Outsourcing Advantages

We handle the entire filing process for you—printing, mailing, and electronically submitting originals or corrections for current and prior tax years. Submissions are sent directly to the IRS through the Combined Federal/State Filing (CF/SF) program and to any specific states required.

Assigned Representative

Every client is paired with a dedicated representative who brings at least 15 years of tax filing experience, ensuring expert guidance and personalized support.

Reduced Administrative Burden

By outsourcing your tax filings, your business can free up internal resources and focus on its core operations instead of navigating complex IRS requirements.

No TCC or ID.me Needed

We eliminate the need for obtaining Transmitter Control Codes (TCCs) or verifying identity through ID.me, simplifying the process and removing a common barrier for businesses.

High-Volume & Complex Filing Support

1099FIRE is built to manage large-scale filings, handle multiple payers, manage bulk TIN matching, and file to both the IRS and states. Our service ensures accurate, timely transmission through the CF/SF program.

Custom Quotes for Every Project

Each filing project is unique—there’s no one-size-fits-all solution. By calling us for a custom quote, our team can understand your specific needs and provide the right solution. Contact us at (480) 706-6474.

New Electronic Filing Mandate

The IRS now requires electronic filing of 10 or more information returns beginning with tax year 2023.

Key Requirements

If you filed a TCC application before September 26, 2021, you must reapply and verify identity through ID.me.
Paper filing is only allowed if you have 10 or fewer returns.
As a result, more companies are adopting third-party e-filing services.

Get Help

For help navigating these new requirements, contact 1099FIRE at (480) 706-6474 to learn more about our outsourcing solutions.

Originals, Corrections, Prior Years

Original Filings

Submit brand-new returns confidently with our software or outsourcing service.

Corrections

Quickly fix errors and resubmit corrected forms to stay compliant.

Prior Years

Electronically file late or amended returns for past tax years without hassle.

Our solutions are designed to handle every filing scenario—whether current, corrected, or prior year.

About IRS Form 1099-LS

IRS Form 1099-LS (Reportable Life Insurance Sale) is used to report the sale or transfer of a life insurance policy in a “reportable policy sale.” This occurs when an individual or entity sells or transfers an interest in a life insurance contract to a third party with no substantial interest in the insured person’s life (not a family member or business partner).

Who Receives Form 1099-LS?

The seller (the person or entity transferring the life insurance policy) receives Form 1099-LS from the buyer. The seller uses it to report income from the sale on their tax return.

Who Files Form 1099-LS?

The buyer (the person or entity acquiring the life insurance policy) is responsible for filing Form 1099-LS with the IRS and providing a copy to the seller.

Purpose of Form 1099-LS

The form reports the transfer of a life insurance policy in a reportable sale, allowing the IRS to track potential taxable income generated from such sales. Proceeds from a policy sale may exceed the policy’s cost basis, creating taxable income for the seller.

Due Dates

Recipient Copy (Copy B): Must be furnished by January 31
IRS Electronic Filing: Must be filed by March 31

pam B.

14:38 25 Aug 25

I have used 1099 Fire for a number of years to prepare and file 1099 and NEC01 data for our multiple entities and highly recommend this service. It is easy to use, the data can be reviewed prior to sending and they mail the 1099/NEC's directly to the recipients, eliminating that hassle.

Jason P.

13:40 25 Aug 25

A True Partner for 1099 Reporting
1099FIRE has been a game-changer for our organization. The platform is designed to make 1099 reporting so simple and easy, taking the typical year-end panic and making the entire process stress-free. They are now an integral and indispensable part of our compliance workflow. Not only do they handle all the complex IRS electronic submissions perfectly, but their system allows us to provide our many suppliers with remarkably fast reporting of their documents. For anyone looking to streamline tax season and gain complete peace of mind, we highly recommend 1099FIRE.

Michal S.

14:25 14 Aug 25

1099Fire has been our trusted partner for IRS filings over the past several years, handling the processing of hundreds of thousands of records on our behalf. Their process is consistently efficient and seamless, with an impressively quick turnaround time for filing results. The team at 1099Fire demonstrates exceptional professionalism, expertise, and responsiveness, always providing timely and thorough communication.

In particular, Amy H., my primary point of contact, has been outstanding to work with. She has guided us through the contracting process, ensuring that our needs are met and deadlines are achieved without issue. She has made the entire experience smooth and stress-free.

I highly recommend 1099Fire for any organization seeking a reliable, responsive, and highly capable partner for information return filings.

Vickie H.

12:46 12 Aug 25

We have used 1099FIRE / National Software for years. They have always been very helpful and answer any questions we might have with their software or if we run into any issues along the way. We highly recommend them!

Design I.

16:37 18 Jul 25

Best Customer Service on the market!!! 1095-C Software was easy to use, their sample document and instructional videos provided exceptionally clear instructions. We were doing a complicated process and the 1099Fire team, especially Dan and Amy went above and beyond to help us! I am extremely grateful we found them and cannot thank them enough for all of their help and expertise! We will absolutely use them again!!

Laurie H.

18:29 06 May 25

We did it again! We have been using 1099Fire to generate our 1094’s and 1095’s since the Affordable Care Act was passed and the filings were required. The customer service is 5 stars! Dan, Amy, and Abby are always very helpful and professional. I would strongly recommend them for all your filing needs.

American M.

22:50 08 Apr 25

I'd tried a competitor but have never changed since trying 1099Fire. They PICK UP THE PHONE and help with issues. I've tried both outsourcing to them (ACA reporting) and doing it myself, using their software. I went back to outsourcing, seeing how much time it can take to fix errors, how many complications can arise, and how much the IRS can F__k you for getting this wrong. Highly recommend 1099Fire! Dan and Amy are phenomenal!

Response from the owner 18:03 06 May 25

Thank you so much for your incredible review! We’re honored that you chose 1099Fire and stuck with us after trying other options. We pride ourselves on being available, helpful, and responsive—so it means a lot to hear that it made a difference for you. We know how complex IRS compliance can be, and we’re always here to make the process smoother. Dan and Amy will be thrilled to hear your kind words. Thanks again for the recommendation and for being a valued client! ~ Robin

Douglas D.

17:04 27 Mar 25

I have been working with 1099Fire for many years now. Their customer service top notch. Year after year they have help me get my tax forms filled in and filed correctly. I have worked with 100's of vendors over my 30 year career and 1099Fire has been one of the best.

Response from the owner 18:05 06 May 25

Thank you for your continued trust and loyalty over the years! We’re truly grateful to have been part of your tax filing process and are proud to know our customer service has consistently met your expectations. Coming from someone with such extensive experience, your kind words mean a lot to our entire team. ~ Robin

Reece R.

15:49 10 Mar 25

Wow! Another year in the books! 1099-FIRE makes the tax form filing process so much easier. The staff is knowledgeable and keep me informed on any changes from year to year. They are friendly and helpful when I have any problems occur to my software pulling the data they need to process forms. I love the timeline details they share so that all clients can get their filings submitted. WELL DONE 1099-FIRE...until next year!

Response from the owner 23:47 13 Mar 25

We’re incredibly grateful for your 5-star review Reece! Your feedback means the world to us and motivates us to keep doing our best. We have enjoyed our working relationship over the past 8 years. ~Abby

BOBBY S.

15:22 10 Mar 25

Jenkins & Wynne Ford Lincoln Honda has been a client of 1099FIRE for several years. The staff is very helpful, courteous, and proficient in filing IRS returns. 1099FIRE has generated our ACA1094 and ACA1095 filings since the inception of this required program with the IRS. 1099FIRE also generates our 1099MISC and 1099NEC's each year as well. We can highly recommend this company for your tax filing needs.

Response from the owner 16:11 10 Mar 25

Your continued business is a testament to our relationship, and we thank you for it. We have enjoyed working with Jenkins and Wynne over the years. ~Abby

Jennifer S.

12:11 21 Feb 25

For the past two years I've had a great experience with the pleasant, upbeat and professional staff at 1099FIRE. The site is quite easy to use and timeliness is top notch. Thank you!

Response from the owner 23:48 13 Mar 25

Thank you for taking the time to leave such a wonderful 5-star review! We’re thrilled to hear that you were happy with our service. ~Abby

Meredith G.

20:16 12 Feb 25

Customer support team is very helpful and friendly! They went above and beyond and contacted me regarding an error on my forms. The time and money they saved me was so very much appreciated!! Highly recommend their services!!

Cory C.

00:44 12 Feb 25

I really like working with 1099Fire. They are extremely helpful and make tax filings very simple and efficient.

Response from the owner 22:42 07 Mar 25

We sincerely appreciate all the years of business. It has been a true pleasure working with you. - Robin