ROCK HILL, SC / ACCESSWIRE / November 29, 2023 / TaxBandits, an industry-leading IRS-authorized e-file provider of payroll and employment tax forms, is excited to announce an enhanced TIN Matching feature that will save their clients' filing time and improve form accuracy this tax season.
Businesses, tax professionals, and service providers of all sizes and scopes are facing year-end filing of Forms 1099, W-2, 940, 941, and more for either their own business or their clients' on January 31, 2024. TaxBandits allows their clients to eliminate the stress and wasted time on manual processes with their robust features and technology, which now includes the ability to subscribe to unlimited TIN Matching.
Benefits of TIN Matching
TIN Matching is a process that allows TaxBandits to verify that the TIN is provided by 1099 recipients using the IRS database. This provides the following benefits to their clients and ultimately their recipients:
- Increase the accuracy of all 1099 filings.
- Eliminate unwanted B-Notices (businesses will receive this from the IRS when a recipient repeatedly fails to provide an accurate TIN and they must implement backup withholding).
- Awareness when a follow-up is required to obtain the recipient's correct TIN - common errors can happen, this service allows filers to catch them before 1099s are filed and distributed, eliminating costs and wasted administrative time.
Activate Unlimited TIN Matching for Just $4.99
TaxBandits is helping their clients prepare for the upcoming tax season by creating a special offer. All TaxBandits clients can subscribe to 6 months of unlimited TIN Matching for just $4.99 per business. This subscription applies to all eligible recipients of the business.
Benefits of Utilizing TaxBandits W-9 Manager
Many TaxBandits clients may still be in the process of collecting W-9 information from their independent contractors and vendors in preparation for the upcoming filing deadlines on January 31st.
The TaxBandits team encourages all of their clients to leverage the W-9 Manager for this process! The W-9 Manager allows all TaxBandits clients to request, collect, and store W-9 Forms from their vendors in a secure location. In addition to managing this information securely, it can also be leveraged for generating accurate 1099 forms, including TIN Matching. TaxBandits also offers an easy ‘Fillable W-9' option for businesses and individual taxpayers to complete their W-9 and share it with their payers as needed.
When asked about this enhanced feature for the upcoming tax season, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of TaxBandits) he responded by stating, "The TaxBandits team is dedicated to creating the most efficient and intuitive e-filing solution on the market, and one of the most recent contributions to this is the enhanced TIN Matching feature available for the 2023 tax year. We are gearing up for another successful year, with more advanced features, functionality, and integrations than ever before."
Businesses, tax professionals, and service providers can take advantage of TIN Matching by creating their free TaxBandits account today at taxbandits.com.
Service and software providers can take advantage of TIN Matching as a part of a complete API solution from TaxBandits as well. Visit developer.taxbandits.com for more information.
About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099, W2, 1095-C Form , 1095-B Form , 940, 941, 943, 944, 945, and W-9, serving businesses, service providers, and tax professionals of every shape and size.
Software providers and other high-volume filers can take advantage of TaxBandits API. The integration allows them to add value for their clients and expand monetization efforts. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms. Software providers can also use the developer-friendly 1099 API to request W-9s and automate 1099 filings efficiently.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please contact Stephanie Glanville, Content Writer at [email protected].
SOURCE: TaxBandits