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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-C
Cancellation of Debt
A Form 1099-C is to be issued when the issuer cancelled a debt of $600 or more. They are primarily issued by financial institutions.
In general, a recipient of 1099-C is a debtor whose debt of $600 or more has been cancelled.
It is not necessary to file both Form 1099-A and Form 1099-C. The 1099-C may be filed to satisfy the filing requirement.
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