The attached files are samples of the 2011 E-File Magic Version of the 1099-A and 1099-C form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions for Form 1099-A

File Form 1099-A, Acquisition or Abandonment of Secured Property, for each borrower if you lend money in connection with your trade or business and, in full or partial satisfaction of the debt, you acquire an interest in property that is security for the debt, or you have reason to know that the property has been abandoned.  You need not be in the business of lending money to be subject to this reporting requirement.

Specific Instruction for Form 1099-C

File Form 1099-C, Cancellation of Debt, for each debtor for whom you canceled a debt owed to you of $600 or more if:

1. You are an entity described under Who Must File on this page and

2. An identifiable event has occurred.  It does not matter whether the actual cancellation is on or before the date    of the identifiable event."

Download our 1099-A and 1099-C Software!

E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3922, Form 3921, and Form W-2G.