Federal form 1099 is a conglomeration of different types and copies of 1099 forms. These “certain information returns” are used to report a huge array of financial payments and transactions. Are you the primary closing party on a real estate transaction? You’re going to need form 1099-S. Do you manage the funds for a retirement plan, stock portfolio, or education savings accounts? You’re going to need form 1099-R, 1099-B, or 1099-Q, respectively.
For first-time payer filings, the first step may be determining which of these forms you need to use. Without knowing the details of your business and payment distributions, it’s impossible to say which forms are applicable to your filing requirements. Fortunately, the IRS can help answer basic questions quickly and reliably. Check out these General Instructions for Certain Information Returns.
State vs. Federal Form 1099
There’s also a difference between state and federal form 1099 copies, but this difference isn’t nearly as substantive. That’s because the states use the same general information as the federal form. Instead of Copy A (to the IRS) and Copy B (to the recipient to be filed with the IRS), the states use Copy 1 (to the state tax agency) and Copy 2 (to the recipient to be filed with the state). Aside from the fact that the information is essentially the same, some payers and payees don’t have to worry about state returns because their state doesn’t levy any income tax. (New Hampshire and Tennessee collect no traditional income tax, but they do for interest and dividend income.)
The W-2/1099 Forms Filer
Our foundational, menu-driven platform offers intuitive performance and essential software support for preparing and printing information on pre-printed forms. For one low price, you can get the data management features you need for virtually an unlimited number of filings:
Data Entry and Printing
- Supports up to 99,999 employees/recipients per payer.
- Entry screen resembles the actual forms, or the Browse command offers data entry using a spreadsheet format.
- A Common Payee File allows the user to avoid a lot of duplicate data entry.
- Data can be imported from a huge range of source files.
- “Define” default values for things like State Code and ID.
- Automatic save and backup restore.
- Print prepared information on pre-printed forms with easy form alignment.
Data Reporting
- Print tables, worksheets, client letters, recipient lists, and mailing labels.
- Report generates hash totals for checking SSNs and TINs.
- Encrypted PDF files to securely email reports.
- Batch printing for multiple payer reports to save time and effort.
Additional Features
- Free Network Installation.
- Multiple PC Installation.
- Supports up to 1,999 Payers/Employers.
- Creates an SSN verification file.
- Optionally Save Reports to PDF files.
- Payer backup and restore available.
Get Started and Look to Build a Comprehensive Solution
No matter if you’re a first-time filer or a seasoned accounting professional, federal form 1099 filings are made easier with our software. A complete set of software product add-ons help our clients build custom and comprehensive solutions for their business. Buy your software now, download our demo, or talk to our Sales and Information team at (800) 536-1099.