File Form 1099-K with Support from AMS Software
Form 1099-K might appear to be an infrequently used form, but it’s a surprisingly common process for companies working in monetary transactions. Also known as the Payment Card and Third-Party Network Transactions form, 1099-K is used primarily by credit card companies and third-party processors, like Amazon and PayPal. The form reports payment transactions processed for […]
Prepare and File Form 1099-PATR with AMS Software
The 1099-PATR form is used by cooperatives. Also known as the Taxable Distributions Received from Cooperatives form, this version of the 1099 addresses and reports patronage dividends, nonpatronage distributions, and per-unit retain allocations. Only cooperative entities must file Form 1099-PATR. According to the IRS, they must do this for each person to whom they paid […]
Form 1099-OID is Easy to File with AMS Software
Form 1099-OID, also known as the 1099 Original Issue Discount, is used to report income generated from a specific type of interest. Those who need to file this form include the following cases: If the original issue discount includible in gross income is at least $10 For any person for whom you withheld and paid any […]
Get 1099-LTC Filing Software Support with AMS
Form 1099-LTC is an important form for businesses who work in healthcare and eldercare, like nursing homes and urgent care facilities, or financial firms and personal accountants. Additionally, insurance companies that pay long-term care insurance benefits must provide claimants with the 1099-LTC. These businesses and individuals are required to report to the IRS, using form […]
File Form 1099-G with AMS Software
1099-G is a common form used for certain types of government payments. The form has several purposes, but it is most often used to report two types of payment: state or local income tax refunds, credits, or offsets and unemployment compensation. Businesses worrying about this form will typically receive a copy for tax offsets, credits, […]
Form 1099-CAP is Easy with Software Filing Support
Business structures change frequently. Whether a company is acquired by a corporation or their capital structure changes, a lot of work goes into ensuring things move quickly and efficiently. When businesses change hands, though, assets may be divided and siphoned off to different shareholders. If this happens, you’ll need to document those transactions and report […]
The Best 1099 Filing Software for 2019 Forms
Each year, thousands of reviews from around the world release their best 1099 filing software for 2019 lists. Our W2 and 1099 Filing Software includes everything you need in a filing product without the bells and whistles that demand high prices. Many Best 1099 Filing Software for 2019 lists are full of jargon-heavy products with […]
Maintain Your Payroll Compliance with AMS Software
In most businesses, payroll compliance is one of the most regulated accounting processes performed. It must accurately calculate a person’s wages while meeting federal, state, and local jurisdictions requirements, which typically means calculating and withholding several different taxes. The process must be repeated for each employee on a regimented schedule, typically every 2 weeks, and […]
1099 and W-2 Compliance Made Easy with AMS Filing Software
The IRS is serious about tax obedience, and 1099 compliance is one of the most important aspects of that effort. The 1099 is the IRS’s most popular form, and so ensuring it is completed correctly is an important task. These forms alert the government agency to businesses and contractors who make money that should be […]
1099 MISC vs 1099 NEC Filing Forms Information Guide
In mid-2019, the IRS released a tentative draft of a new form tied to 1099 filing: the 1099 NEC. This form, a resurrected version of the 1099 popular in the mid-20th century, is designed to alleviate some confusion associated with 1099-MISC filing dates. The 1099 has not been officially released by the IRS, but changing […]