GOOD NEWS For Gig Economy Companies: You Can Now Process 1099s More Efficiently This Tax Season With Tax1099

Here’s how Tax1099 is helping gig economy companies file their 1099 forms more efficiently this tax season.

When life gives you lemons, you make lemonade. And when Tax1099 offers convenient ways to file your returns and manage your business tax reporting, you leverage it.

If you’ve been a part of the tax compliance journey with 100,000+ businesses that use and love Tax1099 every tax season, you would know just how awesome Tax1099 is. But if this is your first time coming across our space, you’re in for a treat!

Let’s get to the basics.

Tax1099 started out as your standard IRS-authorized eFile processor that enables businesses to file their returns electronically.

But we have evolved since.

Tax1099 is now one of the fastest and most-preferred digital tax compliance solutions providers for businesses around the world. You can choose from 40+ electronic returns available in our form directory and file them individually or in bulk, allowing you to spend less and file more.

With several value services, features, integrations, and a sleek interface, Tax1099 is really everything you need to process your IRS forms more efficiently.

Let’s learn about these features and experiences in detail.

Feature-Rich Platform

Security

All the digital experiences of Tax1099 are encrypted with a 256-bit advanced encryption standard, a security enhancement so powerful that the federal agencies and the U.S. army use it to protect top-secret information. Tax1099 also conducts an annual SSAE Type II audit to protect your data at all times. We scan our virtual pipelines to ensure that the platform is free from data interceptors. This way your data is truly yours.

Two Factor Authentication

This additional layer of security will protect your account from unauthorized access and keep you in control of who gets to access your account. The authentication process will also help us recognize and verify the devices from which you’re operating, so when an unauthorized or new device tries to use your credentials, we will alert you.

Single sign-On

With Tax1099’s single sign-on, you can create x number of payer profiles and access them all with a single account, without having to create multiple accounts for each payer profile. This is especially useful for paid preparers who usually prepare and file returns on behalf of their endless clients. You can select and file the returns for select profiles as needed.

Notice Management

Keep a track of all your communications with the IRS; manage your responses, documents, schedules, billing tasks, and more on this notice management dashboard. This is especially useful for enterprises that deal with bulk filings and data. Keep track of all your IRS communications and notices in one place and prevent being penalized by the IRS.

Rights Management

Create multiple user profiles and assign a set of rights or accessibilities to each user-specific to their authority over the data entry, review, and approval processes. This way each file passes at least two desks prior to filing, allowing you to accelerate reporting accuracy and reduce incorrect reports. This is a fast and effective way to create, complete, and validate your tax reporting information before filing with the IRS.

Workflow Management

Designate users for specific processes to complete the forms and review the forms prior to the filing. Coupled with Rights Management, Workflow Management helps users to streamline their tax processes according to priority and schedule/eFile their returns in bulk per the fastest approaching deadlines. Businesses can even choose to switch their paper filing processes to standard electronic format with this simple tool.

Form W-9 e-Solicitation

Businesses usually find it hard to solicit the TIN information from their vendors, especially if they did not obtain the TIN during the onboarding process. With safety measures and protocols in place due to the Covid-19 outbreak, W-9 solicitation can become even more complex.

But with Tax1099 by your side, it’s no longer a problem. You can easily obtain vendor information through W-9 solicitation by taking your business dynamics online.

This includes sending a W-9 form by email through Tax1099. The vendors can e-verify the information with their digital signature to certify the validity of the information before it reaches you, ensuring that you report correct TINs to the IRS.

On the off-chance of your vendors furnishing incorrect TINs, you can easily coordinate with the vendor through digital TIN requests, enabling your vendor to comply and submit the required TIN information before the predefined deadline. Further, you don’t have to worry about incorrect TINs. Tax1099’s real-time TIN matching allows you to look up the TINs as soon as you receive the W-9 forms, enabling you to check the TINs prior to reporting.

Bulk W-9 e-Solicitation

Businesses deal with vendors all the time. Some vendors provide their services throughout the year while others provide seasonal services, and keeping a track of all this information can easily get complicated as months roll in.

With Tax1099’s W-9 bulk electronic solicitation, you can obtain the TIN information from all or select vendors at once with ease. The digital signature coupled with real-time W-9 status updates allows you to check the number of vendors that have submitted the information out of the total requests.

Tax1099 will automatically send emails, prompting your vendors to provide the TINs before the due date per your pre-defined deadline.

Scale up your W-9 electronic solicitation as you grow and adapt with ease. Start Bulk W-9 e-Solicitation

Bulk TIN Matching

Customers love Tax1099’s real-time TIN matching the most for its simplistic, useful, and instantaneous approach. Businesses can import their TIN data and check 100,000+ TINs in less than a minute, saving hours spent on manual searches and effort.

Users can also opt to receive auto-generated reports to check the bulk TIN matching status of each TIN, enabling them to correct or re-check the mismatched TINs as required.

Supports 40+ Fed/State Forms

Tax1099 offers a directory of 40+ federal and state-compliant forms for reporting on 1099, W-2, ACA, and more. This means businesses can report on 1099s, ACA, W-2s, and other forms, even state reporting, all through one convenient platform.

Bulk Data Upload with Integrated Solutions

One of Tax1099’s biggest benefits is its integrations. Tax1099 supports imports and exports from several accounting and payroll software solutions, including QuickBooks Desktop, QuickBooks Online, Xero, FreshBooks, Gusto, ADP, Sage Intacct, Paychex, and more. This helps eliminate double data entry and saves time while reducing data entry errors.

These bulk data upload features also allow businesses to upload CSV, Excel, Text, and PDF files with ease.

API Integration and Automation

Tax1099 offers robust API solutions for businesses and developers that want to integrate the 1099 filing capabilities within their own systems. With Tax1099’s API, you can programmatically create, submit, and manage filings without logging into the Tax1099 interface, enabling automation and faster workflows.

Why Gig Economy Businesses Love Tax1099

• Automate manual 1099 data entry and filing
• Verify vendor TINs with real-time IRS matching
• Maintain compliance with IRS and state e-filing requirements
• Reduce late penalties by scheduling e-filing
• Secure data with military-grade encryption and 2FA
• Access fast bulk filing with integrated accounting platforms
• Streamline vendor W-9 collection and validation
• Save hours and cut errors through automation and workflow management

These benefits make Tax1099 the best partner for gig economy businesses during tax season.

Schedule a Demo today and see how Tax1099 can save you time, effort, and money.