Full Transcript
Yes, so Tax1099 is a cloud-based software. We are working with QuickBooks Online with QuickBooks Desktop. We're the preferred provider actually for QuickBooks Desktop, for e-filing. We took that position about 2015 when they started working more on their QuickBooks Online products. And so we do the full suite of vendor management, onboarding vendors through W nine's electronically.
TIN matching to verify that that vendor is who they say they are pulling the payments over from QuickBooks or any of the other accounting software. We work with companies like bill.com or Tipalti, and we bring that over. We do all the 1099 filings to the IRS, to the states, and then we fulfill out to the recipients as well.
We can do the mail copies or we can do electronic deliveries to your recipients as well. So we help accountants, build everything inside of tax. 1099 for all your different 1099 forms. W2s. 94941s if you're doing after the fact payroll. So we just try to bring all that into one place for our accounting clients to be able to have that one place to go.
There's many advantages. Overdoing it. The really old fashioned way, right? It was like, we still have people who try to do it on paper, and so the paper copies can get lost. You don't even know what happens to them. We get verification from the IRS that it's been accepted then. So if we ever have an audit situation for our clients.
We can go to the IRS and we can say, Hey, can you validate for us that you received these 1099s or W2s or whatever it is from this client? And they'll say, absolutely. You know, here's the information. We can show them the screenshots, we can show everything for that information, for our mail. Copies that go out, if you just put a stamp on that, on that copy that you're sending out from, you got from Staples or whatever, it just goes in the mail for our mail copies.
We intelligent mail barcodes them. And so you can see them as they go through the mail process. If you do email versions that you send out through our service, you can see that they actually got that email and open that email.
So you get a lot of validation out of the software for both the IRS side and the recipient side that you don't get from an old paper school, an old school paper filing that you might be doing, and even other software services that might do something with 1099s like QBO.
We're year round, we do corrected forms. We don't just do the miscellaneous in the NEC, we do the dividends and the interest and all the other forms like that. So we just have a ton of advantages over any other tools that do the 1099s and W2s.
Like what you're reading?
Subscribe to our FREE newsletter and we'll deliver content like this directly to your inbox.