Choosing the Right 1099 Software for Financial Institutions

Make your tax reporting season and the entire year easier when your institution invests in 1099 software for financial institutions. Whether you work at a bank, credit union, or brokerage, your institution deserves software that makes everyone’s jobs easier. The best 1099 software adapts across industries and provides fundamental reporting features. Make sure that you […]

Get Form 1098-E with Preparation and Filing Support

If you have student loan debt, you’ve likely encountered Form 1098-E. This document is used by lenders to report how much interest borrowers paid annually. These interest payments can be deductible on federal tax returns, which makes it especially important for lenders to complete, file, and distribute Form 1098-E. If you work for a financial […]

Form 1098-C Made Simple with Filing Software Support

Form 1098-C is a very specialized and sometimes tricky form. Rather than reporting payments you have made on a mortgage, as with a 1098, Form 1098-C is used by charitable organizations to report contributions of a qualified vehicle that has claimed a value of more than $500. The organization must file a separate Form 1098-C […]

Form 1099-SA Made Easy with AMS Filing Software

Form 1099-SA is commonly used in certain industries. The document, also known as Distributions From an HSA, Archer MSA, or Medicare Advantage MSA Form, is used to report distributions from one or more of three possible entities. These include: An HSA (health savings account) An Archer MSA (Archer medical savings account), and/or A MA MSA […]

Support for Form 1098-T and other Education-Based Filings

Form 1098-T is used by educational institutions to report the receipt of student tuition payments. By reporting these payments to the IRS, students or payees may also be entitled to ad adjustment to income or a tax credit. Eligible educational institutions file one 1098-T form for each student who is enrolled in a program who […]

What is the 1098-T Form

IRS Form 1098-T is also known as the “Tuition Statement”. The 1098-T form is used by eligible educational institutions to report information about their students to the IRS. This is required as of 1997 by the Taxpayer Relief Act of 1997. As required by the Internal Revenue Service, Form 1098-T is mailed by January 31 […]