1099-K Software (Tax Year 2023)
Payment Card and Third Party Network Transactions
Use the software today! Order online and the shopping cart will e-mail you instructions on how to activate the software.
Software
1099-K Electronic Filing Software
$289.95
Software requires a transmitter control code (TCC) issued by the IRS.
Software imports up to 2,500 records. Additional
10,000 record increments can be purchased by calling
sales at (480) 706-6474.
Outsourcing
Let out trained staff import your data from excel, print and
mail, and electronically file on your behalf using our TCC
number. We work quickly and have experienced staff who
can provide complete, secure outsourcing solutions. Starting as
low as $399.
Outsourcing is a flat efilng fee based on each
excel file up to and including 1,000 records. Please
call our office at (480) 706-6474 for an individual quote.
IRS Form 1099-K - All merchants who accept payments through credit cards, debit cards, gift cards and PayPal will receive information returns telling them - and the IRS - the gross amount of the merchant card transactions. This will be broken down month by month. While the form uses the word "card," the IRS has made it clear that this is interpreted broadly to include third-party network transactions (i.e., PayPal).
Illinois FIRE Electronic Transmission Program
The Illinois Department of Revenue issued
Electronic Filing Requirements for Issuers of Forms 1099-K
in November of 2019.
Starting in tax year 2019, payers who issue Forms 1099-K must file these forms electronically
through the Illinois FIRE Electronic Transmission Program. You can not paper file Form 1099-K to Illinois
and Illinois is not a member of the Combined Federal/State Filing program. You can only electronically
file Form 1099-K through the Illinois FIRE Electronic Transmission Program.
We can efile on your behalf through the Illinois FIRE Electronic Tranmissision Program. Just contact
our main office at (480) 706-6474 to process this order.
New Paper/Electronic Filing Threshold...
IRS mandates electronic filing of 10 or more information returns. The new
threshold is effective for information returns beginning tax year 2023. FIRE TCC holders who submitted their TCC application
prior to September 26, 2021, must complete and submit a new application and verify their identity through ID.me, an IRS
provider of sign-in services.
Import...
Simply import the data from Excel. Sample excel worksheets can be downloaded from this site.
Print...
Copy B can be printed with or without instructions and SSN masking. Copy B and C can
be printed on plain paper with black ink or convert to PDF.
File Directly to the IRS...
1099-K software will generate a file formatted according to Publication 1220, Specifications for Electronic Filing
of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G. The system is updated each year to reflect format changes
that are made by the IRS. 1099FIRE is the only company to offer OneTouch E-Filing. One click of a button will
automatically upload data directly to the IRS FIRE system using your login credentials. A receipt of your file will be
displayed on screen.
1099-K software is valid for the tax year 2023 season and prior tax years. Renewals can be purchased at a reduced cost.
Replacements, Corrections, Prior Years...
Need to file an original or correction for a current or prior year? Not a problem. 1099-K
software let's you print and electronically file originals, replacements, or corrections for current or prior years.
Due Dates...
Furnish Copy B to the recipient by January 31. Furnish Copy C to the corporation whose stock is being transferred
by January 31 of the year following the year of exercise of the ISO.
File Copy A electronically by March 31 of the year following the year of exercise of the ISO.
Recent Blog Articles...
What is IRS Form 1099-K? (More)
What is IRS Form 1099-K?
Related...
1099-K software, form 1099-K, Payment Card and Third Party Network Transactions, IRS Form 1099-K,
Payment card transactions reporting, Third-party network payment reporting, Payment processor tax forms,
1099-K tax reporting, Merchant payment reporting, Reporting online sales income