ROCK HILL, SC / ACCESSWIRE / February 28, 2022 / TaxBandits, your W-2 and 1099 experts, are here to assist all businesses, tax professionals, and financial institutions that are required to file 1099 Series Forms. Today (February 28, 2022) is the IRS deadline to paper file these forms.
Any businesses that are unprepared for the paper filing deadline can easily make the switch to e-filing for much faster processing and approval from the IRS. Please note, the 1099 E-file deadline is March 31, 2022.
Form 1099-MISC is used for reporting all other miscellaneous payments over $600. These range from rents, to prizes and awards, to fishing boat proceeds.
Form 1099-INT is used by business and financial organizations to report interest income payments to the IRS.
Businesses and financial institutions also use Form 1099-DIV to report dividend payments to the IRS.
Form 1099-R is used by businesses and financial institutions to report distributions that are related to retirement benefits. Some examples include pensions, retirement plans, IRAs, and annuities.
When reporting sales and exchanges of real estate property, Form 1099-S is used.
All proceeds made from the broker or barter exchange are required to be reported on Form 1099-B.
Any business owners seeking a simple solution to file 1099 Forms this year can find peace of mind with TaxBandits. With TaxBandits, businesses and tax professionals of all sizes and needs are able to e-file and distribute their recipient copies with ease.
TaxBandits offers advanced features that simplify the e-filing process, such as online access options for recipient copies, bulk upload capabilities, and built-in error checks that prevent common errors.
When asked about the upcoming deadlines, Agie Sundaram, the CEO, and Co-Founder of SPAN Enterprises, the parent company of TaxBandits stated, "With many 1099 deadlines on the horizon, businesses are ready to leave paper filing in the past. TaxBandits is here to offer simple and accurate e-file solutions. With a seamless e-filing process and excellent live customer support, our team is ready to assist businesses and tax professionals of all sizes in meeting their deadlines."
To begin filing with TaxBandits, create your free account at taxbandits.com to get started!
About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS authorized e-file provider of Forms 1099, W-2, 1095, 940, 941, and W-9, serving businesses, service providers, and tax professionals of every shape and size.
About SPAN Enterprises
SPAN Enterprises is the parent company of TaxBandits and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN Enterprises proves that big ideas grow in small towns.
With existing Business Management and E-filing Applications such as TruckLogics, ExpressTruckTax, PayWow, and ExpressTaxExempt, SPAN Enterprises is at the forefront of innovative applications. Learn more at https://www.spanenterprises.com/.
For any media inquiries, please reach out to Stephanie Glanville, Content Writer at [email protected].
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SOURCE: TaxBandits