Final answer:
Form 1099-S, which reports proceeds from real estate transactions, should be filed if required after a meeting or real estate deal closing. The responsibility to file the form lies with the person handling the closing, and compliance with filing criteria and deadlines is vital.
Step-by-step explanation:
After closing a meeting, the filing of Form 1099-S is typically something that still needs to be done. Form 1099-S, which is used for reporting proceeds from real estate transactions, must be filed with the IRS if you are required to do so in the course of your business. If you are responsible for closing a real estate transaction, you may need to issue this form to report the sale or exchange of real estate. It is important to note that there are certain criteria that determine whether filing Form 1099-S is required. Generally, the criteria involve the type of real estate transaction, the amount of proceeds, and whether certain exemptions apply. To ensure compliance with IRS regulations, you should verify whether these criteria apply to your situation and file the form accordingly by the appropriate deadline.