It’s that time again, friends. You have until Jan. 31 to file your 1099s. As in they must be at least postmarked and sent to recipients by that time to avoid penalties. Who has to deal with 1099′s? If you paid a contractor $600 or more during the calendar year 2011, you are required to fill out information form 1099 and send it to him or her as well as to the IRS. (Check out all about form 1099 right here.)
Just in time, may us introduce FileTaxes.com, an online 1099 services that thousands use to cross their T’s and dot their I’s. The service even offers its services for W-2s. The benefit? To save time and money reporting employee and contractor earnings. Even better, FileTaxes.com will send off the info to the appropriate entities and recipients, as well as offer a PDF for your records.
“It’s in the best interest of businesses to complete all of their filing – including the federal and state requirements – at the same time, rather than revisiting 1099 filing again in February/March to meet the later federal and state deadlines,” said Amy Vernier, Brand Manager for FileTaxes.com.
A few features:
- No software required
- iPhone app available
- Filing available for 12 forms, from 1098s to 941s
- Assistance in address changes
- Only $4.99 per filing
FileTaxes.com understands that year-end reporting is just one component of a small business owner’s responsibilities, and we try to make it as easy as possible for owners to get the task done,” Vernier said.
- Create an account
- Enter data in FileTaxes.com
- Choose necessary forms
- Choose services: Federal e-file, State e-file, Recipient print & mail, Recipient copies
- Submit filings
- Print payer copies
- Receive email confirmation
- Review status
From there, viola! Your 1099 tax obligation is fulfilled and 1099′s will be sent to your contractors and to the IRS. Have you received your 1099-K? Login to Outright.com and head over to your “Taxes” tab to verify it against your Outright income today!
Are you ready for 1099 season? Which tools do you use to get the job done?