1099-MISC Form Information, Software, and Business Solutions

The 1099-MISC form is used to report a variety of miscellaneous income payments. When you win the state lotto or a big casino jackpot, this is the form you’ll receive. When you make certain types of payments to an attorney, or payments for fish as well as fishing boats, you use this form. There are exceptions, but for most types of miscellaneous income, the threshold is $600.

1099-MISC Form Instructions

The good news is the form is pretty explicit about where to account for each type of income payment. Just note that the IRS’s general guidelines about payment types and the corresponding box on the form itself are not always the same. The link shows, for example, how non-employee compensation is the second listed income in the Form Instructions, even though it’s entered in Box 7 on the 1099-MISC form itself. Crop insurance proceeds is #6 on the Guidelines, but Box 10 on the form.

1099 Software Solutions

It’s important to know these rules. It’s also true that once you research and understand how the 1099-MISC form applies to your business and financial payments, it won’t be long after that until you’re looking for a software solution that can handle these 1099 filing requirements, efficiently and reliably.

You’ll find powerful features, user-friendly operation, and a versatile product catalog with Advanced Micro Solutions (AMS). Our customers include growing firms, medium-sized companies, as well as independent accounting firms, all of whom are glad to know that our solutions include support for up to 1,999 payers and up to 99,999 payees per payer. But they also include mom-and-pop businesses that operate on margins that don’t permit the “luxury” of things like an in-house accounting professional.

The W2/1099 Forms Filer

How do we do it? Well, it starts with our intuitive, menu-driven platform, known as the W2/1099 Forms Filer. This software provides a core set of support features and data management technologies.

For example, if you’re still worried about getting confused by the details of your 1099-MISC form filing, no shame, but we do recommend entering the data on a screen that resembles the actual form. Accountants who have “over-learned” the form and data entry requirements are more likely to appreciate our Browse command and the ability enter information via spreadsheet. Default Values, Common Payee Files, and wide-ranging data file importing further eliminate what would otherwise require duplicate data entry. And that’s just the beginning. There’s also advanced data printing, reporting, networking, and security features built directly into our platform software.

Yet, the software feature that’s perhaps most important to serving business firms of all sizes, industries, and locations—and at cost-effective price points—is our sophisticated module interaction. Long story short, you can build a custom software package for your company that provides comprehensive support without overpaying for software you don’t need.

Buy your software now, download our free demo, or call our Sales and Information team at (800) 536-1099.

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.