Filing a 1099 form looks a lot different today than it did a generation. While the IRS started its electronic filing program in the mid-80s, using technology that included a Miltron and Zilog, it took more than a decade for the practice and the technology to really take off. At the same time, the innovation came just in time as the IRS was having an increasingly difficult time keeping up with the growing number and complexity of filing forms.
The IRS received almost 140 million individual tax returns in 2015. There are likewise hundreds of millions of 1099 forms issued for everything from bank account interest to independent contractor payments. To respond to this growing filing volume, filing 1099 form software has become an increasingly important business asset.
E-Filing 1099 Form Trends
E-filing 1099 form is becoming more and more popular. It’s not quite a complete industry standard. There are still millions of businesses that use paper forms, many of them Advanced Micro Solutions (AMS) clients. Our W-2/1099 Forms Filer platform is the perfect standalone solution for those businesses that use paper form filing. You can also e-file using AMS software by adding our E-File Direct module or third-party E-File Services.
Moreover, while individuals may have the option of taking care of their filing requirements entirely online (depending on the state in which they live), businesses frequently don’t have that option. For the most part, they still have to mail out a paper 1099 form to their payees/recipients. Since they have to obtain paper forms anyway, many businesses used to choose the old-fashioned carbon copies.
To this point, what’s been really changing the trend toward e-filing is Software Generated Forms. Simply put, if you e-file with the IRS, you don’t need to use the special red-ink form. You can then plain, white paper to print blank tax forms with this AMS product module. With this combination of AMS software, you can take care of all your filing 1099 form requirements without leaving the business office:
- W-2/1099 Forms Filer (required platform)
- E-File Direct (file an unlimited number of forms for one low price)
- E-File Services—(third-party vendor with per form filing fees)
- Software-Generated Forms
New IRS E-Filing Program
The IRS Modernized e-File (MeF) program increases the types of forms for which you can e-file, as well as new security measures and more reliable communications. At the same time, the IRS is still ironing out the kinks associated with 1095 ACA filing forms.
Advanced Micro Solutions keeps up with the trends, big and small. In addition to new IRS software systems, we also keep close tabs on changes to the tax code—both in terms of ensuring we provide accurate tax tables, as well as the applicable laws. The federal government typically makes hundreds of changes to the tax code each year.
Getting Started with AMS
For more than 30 years, we’ve provided superior solutions for w-2, 1099, and payroll services. Get your AMS software directly online, download our free demo, or call our Sales and Information team at (800) 536-1099.