What is Tax Form 1099?

Tax form 1099 is a collection of business filing forms, officially known as Certain Information Returns, that account for specific types of business payments and financial transactions. Essentially, it’s a way of accounting for the tax liability generated by business income, as opposed to w-2 employee income. There are almost a couple dozen different types of 1099 forms. These forms apply to particular types of financial payments and business activities.

Closing on a home, using funds from an educational savings account, earning income as a self-employed contractor, earning interest on a consumer banking savings account, capital gains from the sale of stocks….these are just some of the possible answers that may came up when you find yourself asking, “what is this tax form 1099?”

Now, they don’t necessary apply to every last thing. For example, these forms and their reporting rules are designed to avoid becoming a burden to the neighborhood kids’ lemonade stand, while still capturing the kinds and amounts of revenue generated by a commercially-run frozen lemonade stand parked outside the ballpark in the middle of summer. Most contractor payments under $600 are not subjected to a form filing requirement, though some businesses do choose to file in order to make the corresponding adjustment to their income profit. Other types of payments may trigger a filing requirement with as little as $10.

Versatile Tax Form 1099 Software Support

No matter what tax form 1099 filings apply to your business, our W-2/1099 Forms Filer platform is ready to respond. With a core set of filing form support features and a menu-driven display, you can prepare and print data on any number of different 1099 form types. In fact, this solution can handle all your w-2 and 1099 forms. Check out some of the intuitive and reliable capabilities that come with every ¬Advanced Micro Solutions (AMS) software purchase:

  • Data Entry: Multiple options for entering data include a spreadsheet format or through a screen that resembles the actual form. You can import data from any number of common file types.
  • Data Printing & Reporting: Reports include tables, worksheets, client letters, recipient lists, and mailing labels. Encrypted PDF files are used for security. SSN/TIN hash totals verify data accuracy. Easy form alignment and large-batch print jobs create automated, error-free printing.
  • More Features: Free network installation. Multiple PC installation (site license may apply). Payer backup and restore. Supports up to 1,999 payers/employers and up to 99,999 recipients per payer.

Ongoing Commitment and Excellence

For more than 30 years, AMS has been providing better w-2, 1099, and payroll support solutions. We’re always on the lookout for ways to make the filing process easier and more reliable for our business clients and independent accounting professionals. With our Support Knowledge Base and live customer support, you’ll have an easy onboarding period this year and a dependable, trusted solution for the years ahead. Our sophisticated module interaction and catalog of products ensure we can handle the filing priorities of businesses of nearly any size and industry. Download our demo to see our software in action.

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.