Are you looking for an easier way to file 1099 forms? Tax1099 has got your back. As an IRS-authorized filing and information reporting service, Tax1099 helps businesses of all sizes easily prepare, submit, and manage their information returns in one seamless platform.
We have entered one of the most beautiful times of the year, with the holiday season and the new year around the corner. You must be all set to dive deep into the festive vibes and plan your year. But with the start of the new year comes a lot of paperwork! An integral part of this paperwork is filing 1099s—a form that reports payments made to independent contractors and other service providers.
That’s where Tax1099 comes in to make your life so much easier. With us in the scene, you can rest assured that you’ll breeze through the filing process with only a few clicks. So, who are we, and how can we help you out?
Let’s find out!
Understanding The IRS Form 1099
Before we get started, let’s understand the IRS Form 1099. The Form 1099 reports payments made to independent contractors and other service providers, including income received from rental properties and royalties. It contains information such as the amount of money paid, the name of the recipient, and their social security or tax ID number. This form must be filed with the IRS by January 31st of every year.
The purpose of form 1099 is to help the IRS track income that may not have been reported to them. In other words, it helps with tax compliance. Failing to file Form 1099 correctly and on time can result in penalties from the IRS, so it is important to get it right!
List Of IRS Form 1099
There are many types of IRS Form 1099, each with its purpose. Some of these include:
- Form 1099-MISC: This form reports payments made to independent contractors and other service providers, such as rent or royalty income.
- Form 1099-NEC: This form reports payments made to non-employees such as independent contractors or other service providers.
- Form 1099-K: This form is used to report payment card transactions, such as those made with credit and debit cards.
- Form 1099-INT: Used to report interest earned on investments.
- Form 1099-DIV: Used to report dividends paid by an investment company or other corporation.
- Form 1099-R: Used to report retirement plan distributions such as 401(k) and IRA distributions.
- Form 1099-G: This form reports certain government payments such as unemployment compensation, state and local income tax refunds, etc.
Threshold For IRS Form 1099
Before investing, you must understand what paperwork you’ll need to file with the IRS and when. The IRS generally requires businesses to report payments of $600 or more made in a year. In some cases, certain types of payments may require Form 1099 reporting even if they don’t meet this threshold. In some cases, the IRS may require Form 1099 reporting for payments of less than $600.
Introducing Tax1099: How It Can Help You With Filing 1099
Tax1099 is an IRS-Authorized eFiling provider of Form 1099. They make tax filing easy by providing a comprehensive suite of tools for managing and submitting your 1099 forms. With Tax1099, you can upload, review, edit and file multiple types of 1099s quickly and efficiently. Trusted by over 150,000 Businesses, Tax Professionals, and Accountants nationwide, It helps you take care of your 1099 filing needs in one place. With the simple 3-step 1099 filing process, we will take care of the hard work for the taxpayers.
Features That Make Tax1099 The Perfect Choice For eFiling Needs
As a business owner, we understand you have to manage a lot of paperwork and that tax filing is no exception. That’s why Tax1099 has made it easy to e-File 1099 forms with its intuitive and secure interface. Here are some features that make Tax1099 the go-to choice for all your 1099 filing needs:
- Automatically Generate IRS & State Compliant Forms: With Tax1099, you can generate multiple 1099 forms in one place, and rest assured that they will comply with federal and state regulations.
- Real-Time TIN Matching: An inaccurate TIN can lead to costly delays and hefty penalties that, adding up, can cost you even more. Tax1099 is integrated with the IRS’s TIN Matching service, so you can ensure that your forms are accurate before filing. Our 100% accurate TIN matching feature delivers results in seconds so that you can be confident that your forms are error-free before submitting them.
- Digital W-9s: Let’s admit it, no one wants to spend hours upon hours gathering W-9s. Tax1099 allows you to securely and quickly collect your contractor information via digital W-9s to skip the paper trail and get everything done in minutes. Once the forms are filled out, we’ll securely store them for future use.
- Supports All-State 1099 Filings: We understand that different states have different filing requirements, and we take that into account. Tax1099 is designed to ensure you get the information right when it comes to filing and help reduce penalties due to incorrect filings.
- Print & Mail Forms to Recipients: When you need to quickly get a form in the mail, Tax1099 has got you covered. You don’t have to worry about running around town trying to get your forms printed. We ensure that your forms are printed and mailed with ease so they can reach whomever they’re intended for without any hassle.
- API for Bulk 1099 Filings: The last thing any business needs during tax season is for their filings to come back wrong or incomplete. Our API ensures your filings are done right and on time every time! Tax1099 helps you with the sometimes tedious task of bulk filing 1099 forms, so there’s no worry about accuracy or missing details.
- 256-Bit Bank Grade Security for Data Transmission: What is peace of mind worth? When it comes to tax filing, you want your data to be secure. With Tax1099, all information is encrypted with 256-bit bank-grade encryption, so you can rest assured that your 1099 forms are secure and safe during the filing process.
- Integrates with 11+ accounting applications: If you’re already using an accounting application, Tax1099 integrates easily, so you don’t have to create new accounts or add the same data twice. With integrations available for 11+ applications like Xero, QuickBooks, BQE Core, Bill.com, and more, you can start filing immediately!
- eFile Scheduling: Let’s admit it, taxes can be tedious. But with Tax1099, you can set up a schedule to e-file your 1099 forms, so you don’t have to worry about missing deadlines or filing late. Plus, the process is more automated and accurate than manual entry, saving time and giving you peace of mind throughout tax season.
While these features are just the beginning, Tax1099 is the only 1099 filing service you’ll need to complete your taxes quickly and accurately. With bank-grade encryption and integrations with popular accounting applications, Tax1099 makes it simpler than ever to file your 1099 forms securely.
So don’t wait any longer — sign up for Tax1099 today and get the most out of your 1099 filing experience. Try Tax1099 now and feel the power of secure, accurate, automated 1099 filing! With a user-friendly interface and powerful features, you’ll be able to file quickly and easily with confidence. You can even take advantage of our free trial to test it out before committing!