Time-Saving Advantages of Filing 1099s for your Business Electronically
Whether you are a business owner filing your own information returns or a tax professional filing on behalf of your many clients’ businesses, this is no easy feat. There is a lot of work and organization that goes into the filing process.
The 1099 Form series can be intimidating, mainly because there are so many different types of 1099 forms, used to report so many different types of payments.
If you are overwhelmed by this series of forms, filing electronically is one way to drastically simplify the process. There are many advantages to e-filing with the IRS, and here are a few to get you started!
Increased 1099 Filing Accuracy
E-filing in general is more accurate than filing paper forms. It’s true, the IRS has proof. They identify more errors on paper forms than on their electronic counterparts. When e-filing with TaxBandits, you can take advantage of our built-in error checks. Our application checks the 1099 forms you file using the IRS Business Rules to catch a number of common filing mistakes that can result in an IRS rejection.
1099 IRS and State Filing
With TaxBandits you can file with the IRS as well as with your state as needed. TaxBandits also provides state alerts to help you meet your 1099 state e-filing requirements during the filing process.
1099 Recipient Copy Distribution
By law, businesses are required to provide each of their recipients with a copy of Form 1099. Instead of printing and mailing copies of all of the forms you filed, TaxBandits has a better option.
When you e-file 1099 with TaxBandits, you can choose postal mailing services, and/or grant your recipients access to view and download their forms online using the secure TaxBandits Portal.
File Forms 1099 in Bulk with TaxBandits
Businesses that are required to file multiple 1099 forms and tax professionals that are filing on behalf of many clients can take advantage of bulk filing.TaxBandits provides a bulk upload template that can be completed and uploaded to the application for bulk filing.
This eliminates the need to complete each form manually and allows you to file your forms in batches.
Start by Requesting Form W-9
Businesses that work with vendors and independent contractors should always request w9 tax form from these individuals and businesses. This way when it comes time to
file Form 1099-MISC, 1099-NEC, and more, the recipient’s TIN number is readily available.
TaxBandits has modernized the process for requesting Forms W-9 by bringing it completely online! With TaxBandits, businesses can easily request, receive, and store this information efficiently and cost-effectively.
TaxBandits has a Complete Solution for E-filing 1099 Forms!
When it comes to e-filing 1099 Forms, TaxBandits offers a powerful and user-friendly solution. As an IRS-authorized e-file provider, TaxBandits has over a decade of experience filing tax forms with the IRS/SSA.
The deadline for e-filing many 1099 forms (excluding Form 1099-NEC) is March 31, 2023. TaxBandits has your filling needs covered. Creating your TaxBandits account is free and you only pay for the forms you file, this means there are no costly subscription fees or additional software downloads required!
What are you waiting for? Get started with TaxBandits today!
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