How to Best Prepare for 1099 Form Changes

Stay on top of any and all 1099 form changes with tax software for small businesses. Anyone in the business sector knows that each tax year can present its share of 1099 changes or updates for important forms. Streamline how your business handles any of these changes with the most comprehensive 1099 software tools. The best software reduces the likelihood of your business making costly errors. Trustworthy 1099 software retroactively helps its users correct any of their unavoidable human errors. Look for a software program that a vendor designed with your size and type of company in mind.

Advanced Micro Solutions created a core W-2/1099 Forms Filer product for small businesses and accountants. Our software supports W-2, W-3, and many 1099 forms needed by users in multiple industries. Pair our base system with any of our six optional add-on modules for a full accounting suite of tools.


Does Software Help to Avoid Errors with 1099 Form Changes?

Software cannot entirely prevent users from making errors as they complete 1099 forms. Look for a system that can flag inconsistencies and further identify some of the common mistakes. All users should consider how software can better assist in avoiding major headaches, like:

Missing Deadlines –  Prepare your 1099 forms early with software that lets you enter worker information year-round. Familiarize yourself with filing deadlines and automate as many steps as possible. Filing forms electronically with additional software will help you stay on top of the deadlines.

Overlooking Required Forms – Use software that allows you to generate a variety of 1099 forms. Different businesses understandably must file specific documents. Review any of the latest 1099 form changes with software that generates and reflects the actual form.

Inputting Information in the Wrong Box – Putting the correct information into the wrong box is a common enough mistake. Try not to panic if your tax software overlooked an error. Consider a solution such as investing in e-filing software. Electronically file your corrected forms. Send your revised copies to the Internal Revenue Service or any other agency with more speed and lesser penalty fees.

Disregarding Electronic Filing Requirements – The IRS put into effect new electronic filing requirements for 2024. Align your business with their new threshold for filed paper returns by simply transitioning to electronic submissions. Going fully digital for your 1099 form changes enables your business to stay compliant while eliminating the cost of printer paper and ink.

Forgetting to Send Form 1096 – Eliminate needing to send IRS Form 1096 when you cease all 1099 paper filing. Save money on resources and save your time with 1099 tax software.


How Software Makes Filing Corrections Easier

Keep in mind that there is not a separate 1099 correction form like you would need in order to submit any W-2 corrections. Generate amended 1099 forms with software for 1099 Type 1 or Type 2 errors. Speed up how you fix Type 1 errors whether you need to fix an amount, a name, or if you simply filed a form in error. Electronically filing 1099 form changes to the IRS means they will receive and acknowledge the form quicker and likely minimize your consequences.

Make submitting Type 2 error corrections easier with software that allows you to easily generate different forms. You will no longer need to worry about mixing up whether to send a 1099-NEC or a 1099-MISC form. Fixing a mistake such as preparing the wrong form is still straightforward if you immediately e-file the correct document.


Get Started Using AMS Software

Download our free 1099-etc Demo software today and see which modules make the most sense to pair with our W-2/1099 base program. These six optional modules include: E-File, Software Generated Forms, AMS Payroll, Affordable Care Act Filer, Forms Filer Plus, and 1042-S Filer. Navigate any recent 1099 form changes with tax software that supports up to 99,999 employees or recipients per payer. Our program operates in all 50 states, plus the District of Columbia and Puerto Rico.

Take a closer look at our electronic filing options that are available within our E-File services. Enter information only one time when using a Common Payee File to select a payee across payers or 1099 forms. Reduce the risk of making further avoidable mistakes with the Browse Command tool. Enter data using a spreadsheet format for organized and clear results. Input your business’s real data once you download the demo software. The demo is almost fully functional and will carry over any data once you purchase the software.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.