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*TS M&P TFP PRA Comments
[EXT] OMB Control No. 1545-0108
Monday, August 24, 2026 11:54:04 AM
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Hello, IRS issues information returns up to a year in advance of when issuers will first file
them to allow vendors time to produce the form for distribution. Title companies and closing
agents typically furnish the recipient (the seller of the home) their copy of Form 1099-S at the
closing of the sale, to avoid issues with mailing the Form 1099-S the following January, a year
later, when the recipient may have a new mailing address. IRS therefore, makes the Form
1099-S for use in reporting 2027 sales available just before 2027, so issuers can use it to meet
their responsibility to furnish a copy to the recipient for sales beginning in 2027, even though
the form can’t be filed with the IRS until January 2028.
Since this change would affect a great many information returns, we would just ask that IRS
release final versions of the affected forms as soon as possible once the change has been
approved to allow time for vendors to reprogram printing plates to produce forms for
furnishing to recipients in early 2027.
Thanks
Market Research Analyst II
ComplyRight Tax Solutions
ComplyRight, Inc.
3300 Gateway Drive
Pompano Beach, FL 33069
www.ComplyRight.com