You might not think that you have to ever worry about filing an IRS form 1099-A simply because it deals with the acquisition or abandonment of secured property. That said, if you’re accepting this property as part of a debt cancellation, you may not even need to file 1099-A because the 1099-C form (used for cancellation of debt) will cover this information for your business and the IRS. Even if you’re unsure whether you need to file these forms, having a software tool equipped to handle every 1099 iteration can make your process significantly easier.
If you acquire an interest in property or assets which is secured for a loan, the IRS form 1099-A is quite possibly the form you’ll need. This property includes, but is not limited to, vehicles, real estate, or computer technology. It’s often used in conjunction with your business, but you don’t have to be in the business of lending money to be subjected to this filing requirement.
Knowing these rules is essential to running a business, but keeping up with current tax codes to ensure you file the proper paperwork can be daunting. That’s where Advanced Micro Solutions (AMS) can help. We offer a fully functional suite of software that is designed to help you file all of the correct forms in connection with your business. More specifically, our W-2/1099 Forms Filer, the base software for the suite, is essential for preparing and filing these often frustrating forms. Whether you’re a startup with just yourself or a large conglomerate with thousands of employees, AMS has a software solution designed to make your tax time more efficient and streamlined.
Expandable with Your Needs
When you just start out as a business, you might not need to get a dedicated payroll software suite. Likewise, filing ACA forms is probably the last thing on your mind. But as your business grows, your needs tend to grow as well. Staying on top of them is essential to ensuring your tax liability and responsibilities are met. That’s where the set of modules that AMS offers can help. We offer a full set of add-on products that will ensure that your software is right for your needs as you need them. There’s no sense in paying thousands of dollars to access functions that you don’t need. Likewise, you shouldn’t ever pay for software that doesn’t do what you need it to.
Whether it’s handling payroll, filing your tax forms electronically, or even dealing with a 1042-S, our add-ons and modules are there to meet your growing needs. Here are just a few of the other solutions you can implement as part of your comprehensive software support:
- ACA Filer
- Payroll Software suitable for all 50 states and US Territories
- E-Filing tax forms
- Payroll Form Filing System
The AMS Difference
Make sure that when you purchase the software you need for IRS form 1099-A, you’re getting the professional care that you need with it. At AMS, we’re more than just an 800 number on the back of a box. Our development team is dedicated to improving our software on a regular basis, incorporating feedback from clients and customers. We make sure to update any changes to the yearly tax tables and tax code applications, so you know that your software suite will always have the latest information you need.
Don’t just read about it. Experience the difference that an AMS software solution can make for you and IRS form 1099-A filings. Download a free software demo and discover what we have to offer. If you have any questions, please contact our Sales and Information team at (800) 536-1099. Let us help you make your tax season as painless as possible starting today.