Real Business Solutions develops accounting and tax software for small business owners, including 1099 preparation software. You can create, file, and print 1099-MISC forms using this software. The website includes a demo, pricing, and other pertinent information.
Zoho Books is a cloud-based accounting software program for small businesses. One of the best features of Zoho Books is a detailed tutorial on how to prepare 1099s using their software.
Yearli.greatland.com lets you enter your 1099-MISC information online, after which you can file the forms electronically with the IRS and transmit them to your vendors and contractors. You also can import the 1099 data from your accounting software if it is compatible with FileTaxes.com's system.
This is another helpful product offered by . The company specializes in W-2 and 1099 reporting for small- to mid-sized businesses. You can import your accounting software data into Greatland's website and then e-file your 1099-MISC forms with the IRS and have the forms mailed directly to your vendors and contractors.
If you want to be able to file your 1099 forms electronically, efile1099NOW is a good option. All data can be entered manually online, or it can be imported from Microsoft Excel or QuickBooks. You also have the option of both e-filing and sending copies to vendors or contractors.
Advanced Micro Solutions is a complete payroll processing provider, but it also can be used for individual tasks, such as filing 1099s. The software for filing 1099s is its base product and necessary for using any of its other services, but if filing 1099s is all you want to do, that's the only software you'll need to purchase.
Software That Will Complete and File Those 1099-MISC Forms for You
If you're a business owner, you're required to file 1099-MISC forms with the IRS to report any payments you made to vendors for goods or to contractors for services. The form also reports prize money paid out and just about any other compensation made to anyone who is not your employee. You're required to do this because these individuals (or companies) must pay taxes on this income, and you haven't withheld any taxes from the payments because they're not your employees. You should provide the vendor or contractor with a copy of the form as well.
As of 2018, you must file a 1099-MISC form whenever you pay any non-employee $600 or more during the calendar year, although there are some exceptions to this rule. This means $600 in total, not per individual payment. If you make three payments of $200 each, you would have to report all three payments on Form 1099-MISC.
The filing threshold is subject to change and can increase or decrease at any time so it's advisable to periodically visit the to ensure that you know the current amount and keep abreast of other requirements.
Most accounting software programs can help you prepare 1099s. These are six of the most helpful.