The attached files are samples of the 2011 E-File Magic Version of the 1099-Q 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.

"File Form 1099-Q, Payments From Qualified Education Programs (Under Sections 529 and 530), if you

(a) are an officer or an employee, or the designee of an officer or employee, having control of a program established by a state or eligible educational institution; and

(b) made a distribution from a qualified tuition program (QTP).  A trustee of a Coverdell education savings account (ESA) must file Form 1099-Q to report distributions made from Coverdell ESAs.

Do not file Form 1099-Q for a change in the name of the designated beneficiary on a QTP account if the new beneficiary is a member of the former beneficiary's family.  For a Coverdell ESA, the new beneficiary must be a member of the designated beneficiary's family and be under age 30 (except beneficiaries with special needs).

Family member of the designated beneficiary include the beneficiary's spouse.  Also included are the beneficiary's children, stepchildren, foster children, and their descendants; siblings and their children; parents, their siblings, and ancestors; stepparents; in-laws; the spouse of any of the foregoing; and any first cousin of the designated beneficiary."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3922, From 3921, and Form W2-G.