1099-DA Form Processing & E-Filing

UPDATE! As of April 10, 2025, decentralized finance (DeFi) platforms are no longer required to report digital asset transactions with Form 1099-DA. Centralized platforms, however, are currently still required to do so.

Expert 1099-DA Form Processing for Cryptocurrency Exchanges and Platforms

As cryptocurrency transactions face increased regulatory scrutiny, your business needs a reliable partner to handle the new IRS Form 1099-DA requirements. Ts1099 provides a comprehensive solution for digital asset platforms, exchanges, and brokers to meet their tax reporting obligations effectively and efficiently.

Our Complete 1099-DA Service Includes:

Data Processing & 1099-DA Form Generation

• Easy and secure 1099-DA form data import
• Meticulous data validation and processing by expert data analysts
• Efficient E-file creation by experienced professionals
• Compliant 1099-DA form generation for all qualifying recipients
• Rigorous validation checks to ensure IRS compliance

Form 1099-DA IRS E-Filing

• Secure electronic submission of 1099-DA forms to the IRS with encryption
• Automatic form error correction and resubmission
• Confirmation receipts for your records

1099-DA Recipient Form Distribution

• Secure digital delivery of 1099-DA forms to recipients
• Optional paper mailing services available
• Recipient support for form access questions
• Recipient copy of 1099-DA form archiving for 7 years

1099-DA Form Compliance Management

• Automatic updates for changing regulations
• Year-round access to 1099-DA information returns experts
• Correction processing for previously filed 1099-DA returns

Why TS1099 Is The Right Solution for Form 1099-DA Digital Asset Reporting

• Experts in adapting to new tax requirements
  

Tab Service Company has a track record of quickly adapting to new IRS requirements. For the recently introduced 1099-DA form (which crypto businesses must use starting in tax year 2024), this expertise is invaluable since many platforms are still catching up.

• Compliance focus for accurate 1099-DA reporting

Crypto exchanges face intense scrutiny regarding tax compliance. TS1099’s robust validation checks help ensure accurate reporting under the new digital asset reporting requirements, reducing audit risk.

• Can handle high-volumes of 1099-DA forms

Crypto exchanges typically process thousands or even millions of transactions, resulting in complex reporting needs. TS1099 is designed to handle high-volume batch processing efficiently.

• Consultative approach to help you navigate the new Form 1099-DA process

With the 1099-DA being new territory for everyone, Tab Service’s consultative customer service model means crypto businesses get guidance on proper implementation rather than just a software platform.

• Easy API integration for 1099-DA form data

Many crypto exchanges have unique technical infrastructures. TS1099 offers API and custom integration solutions that can connect with specialized crypto trading platforms.

• Extremely secure

Our platform meets the highest security standards with SOC 2 Type II certification and end-to-end encryption. Your data and your customers’ information remain protected throughout the 1099-DA form processing workflow.