Software Support and 1099-B Form Instructions

Form 1099-B is used to report and comply with the filing requirements for proceeds that originate from broker and barter exchange transactions. This includes the sale of stocks, commodities, debt instruments, and regulated futures, securities, foreign currency contracts, and more. Also known as the Proceeds from Broker and Barter Exchange Transactions form, this is also used for property and service bartering, as well as certain types of acquisition control and capital restructuring that’s reported on Form 8806.

1099-B Form Software Support

For certain types of brokerage and barter exchange professionals, support for 1099-B forms is often the first thing professionals look for in a software solution. People who work with form 1099-B often do so with extreme frequency, making a compatible software product a high priority. The 1099-B form can be tricky, even for those familiar with the process, so using software can both increase efficiency and easy any form-related headaches.

You won’t find a better answer than the W-2/1099 Forms Filer from Advanced Micro Solutions (AMS). This software provides support for all your w-2, w-3, and 1099 filing forms, including those related to brokerage firms, bartering exchanged, and similar financial entities. There are several features conducive to fast and easy 1099-B filing.

Data Entry and Printing

As with all 1099 forms, those working form 1099-b will often handle hundreds over the course of tax filing season. Having an up-to-date, semi-automated, and data-focused software tool is essential for easy filing. Luckily, the W-2/1099 Filer from AMS prioritizes these needs. We’ve listed a few of our favorite features below.

  • 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.
  • A description of the current field is displayed at the top of the form.
  • Data can be imported from a variety of common sources.
  • “Define” default values for a form, such as State Code and ID.
  • The data is automatically saved through our 1099 software, thus ensuring edited data is never lost.
  • Forms can be printed on pre-printed forms.
  • Easy form alignment.

Plus, the software can print tables, worksheets, client letters, and recipient lists, among others, as well as generate hash totals to check data accuracy. You can encrypt PDF filers for secure email reports, and batch printing will save time for multiple payer reports – an essential for easy 1099-b filing.

Our software is easy to set up, especially for those seeking 1099 support. With free network installation on multiple computers, your firm can transition to AMS without trouble. The software supports 1,999 payers/employers, creates an SSN verification file for the SSA, can save PDF reports, and has backup and restore options available. This is a comprehensive software for every iteration of 1099 filing – including 1099-b forms.

Up-to-Date Software Solutions

Each year, the IRS makes hundreds of changes to the tax code. These typically average more than one change per day. This is especially true of form 1099-B. In fact, the IRS website itself speaks to how dynamic the rules are for the 1099-B form. The basic instructions for Form 1099-B include a note to look for the latest information and future developments. The IRS then redirects users and filers to a more general About page that reveals any recent developments about filing requirements for broker and barter exchange proceeds.

Advanced Micro Solutions (AMS) is on top of these changes. Whether it’s software updates, new product modules, or customer support, you’ll never be without an up-to-date software solution that can leverage to full effect and better operational efficiency. For more than 30 years, AMS has demonstrated consistently superior performance for W2, 1099, and payroll solutions. This performance has also earned AMS a level of customer satisfaction and loyalty that we’re proud to maintain year after year.

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.