IRS Form 1099 Software
An information return, or 1099 form, is a tax document that
certain persons are required to file with the Internal Revenue
Service (IRS) to report certain business transactions.
An information return is not an income tax return; it is used for reporting purposes only. Information on the return is used both to assist taxpayers in preparing their return and to allow the IRS to match the information from the specified transaction to the taxpayer’s tax return.
Our software makes it easy to import, print and/or electronically file information returns quickly and easily. 1099FIRE is the hottest way to file information returns with the coolest results.
File by paper or electronically. Our software can handle up to 2.5 million records per data file.
There are many different kinds of 1099 information returns:
|1096||Annual Summary and Transmittal of U.S. Information Returns Transactions|
|1097-BTC||Bond Tax Credit|
|1098||Mortgage Interest Statement|
|1098-C||Contributions of Motor Vehicles, Boats, and Airplanes|
|1098-E||Student Loan Interest|
|1099-A||Acquisition or Abandonment of Secured Property|
|1099-B||Proceeds Broker and Barter Exchange Transactions|
|1099-C||Cancellation of Debt|
|1099-CAP||Changes in Corporate Control and Capital Structure|
|1099-DIV||Dividends and Distributions|
|1099-G||Certain Government Payments|
|1099-K||Merchant Card and Third-Party Payments|
|1099-LTC||Long-Term Care and Accelerated Death Benefits|
|1099-OID||Original Issue Discount|
|1099-PATR||Taxable Distributions Received From Cooperatives|
|1099-Q||Payments From Qualified Education Programs|
|1099-R||Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.|
|1099-S||Proceeds from Real Estate Transactions|
|1099-SA||Distributions From an HSA, Archer MSA, or Medicare Advantage MSA|
|3921||Exercise of an Incentive Stock Option|
|3922||Transfer of Stock Acquired Through an Employee Stock Purchase Plan|
|5498-ESA||Coverdell ESA Contribution Information|
|5498-SA||HSA, Archer MSA, or Medicare Advantage MSA Information|
|8027||Employer's Annual Information Return of Tip Income and Allocated Tips|
|8955-SSA||Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits (formerly Schedule SSA (Form 5500))|
|W-2G||Certain Gambling Winnings|
|W-2||Wage and Tax Statement|
|W-2C||Corrected Wage and Tax Statement|
|CA 592||Resident and Nonresident Withholding Statement|
We have the 1099-A software and 1099-OID software but are limited as to how we can
sell those modules. Please call our sales office for more information.
All of our software functions on any Windows operating system. The software has been tested on Windows 95, 98, 2000, NT, ME (millennium edition), XP, 2003, VISTA, Windows 7 and 8. The software functions on networks or stand-alone personal computers and is compatible with all printers.
An information return typically consists of 3-pages where Copy A is sent to the IRS, Copy B is given to the Payee and Copy C is transmitted to the Filer and/or State. Some 1099 forms, such as the 1099-MISC, has a Copy 1 and Copy 2 as well. Copy A has the look and feel of a normal sheet of paper while Copy B and C are almost like tissue-paper. The 3-pages are connected together by a perforated edge.
The IRS requires that Copy A be submitted on their special paper with red ink if you submit less than 250 filings a year. Otherwise, the IRS encourages you to submit electronically.
The IRS provides the forms for FREE (it's an excellent service!). You can order as many forms as you like by calling 1-800-TAX-FORM (800-829-3676), an IRS provided toll-free number. There is no charge for calling, shipping or handling and they will ship up to 100 forms per call.
Each 1099 module displays the entire form on the screen. Simply insert an official IRS form into your printer and the software will print your data on top of the IRS form. You can adjust the left and top margins so that the data prints perfectly on the form every time.
File Information Returns Electronically
The FIRE (Filing Information Returns Electronically) system is set up for financial institutions and others to file Information Return Forms 1042-S, 1098, 1099, 5498, 8027 or W-2G. An Information Return is a tax document used to report certain types of payments made by financial institutions and others who make payments as a part of their trade or business as required by Internal Revenue Code regulations.
Our 1099 software creates files in the format required by the IRS for electronic transmission. The system is updated each year to reflect the format changes that are made by the IRS.
1099FIRE is the only company to offer OneTouch E-Filing. Just click a button and the software will automatically log in and upload your file to the IRS FIRE system. You will receive verification within seconds of receipt of your file.
Filing Information Returns electronically is very cost-effective, is easier than filing on paper, and is more accurate. Filing status is available within 2 business days for Forms 1098, 1099 and W2-G and electronic filers receive a later due date for most returns.
When you file electronically, you are exempt from using pre-printed forms. You can just print the return in regular paper or email a PDF file to all recipients.
If you make a mistake on an information return, a correction should be filed as soon as possible. Our 1099 software will create corrected replacement files for electronic submission. We follow the instructions on amending information returns filed electronically or magnetically, refer to Part A, section 11, of Publication 1220.
Not a problem. The software let's you select the current year or any prior year all the way back to 1999.
We have a friendly and courteous staff that is available by phone 7:00am to 5:30pm MST (and available by e-mail late at night and on weekends).
If you have technical questions, please email or call support anytime.
Filing information returns can be stressful. We can help eliminate the stress of filing information returns by providing complete, secure outsourcing solutions for 1097, 1098, 1099, 3921, 3922, 5498, 8027, 8955-SSA, W-2, W-2G and 1042-S eFiling and Forms Management.
Stay compliant, reduce administrative costs and know that the job will get done right.
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