Turbo Tax 1099 Filing Software
The United States tax form 1099, as most people know, is used to claim multiple types of income other than wages, salaries, and tips. It’s technically known as an “information return.”
U. S. tax law requires all businesses to file a 1099 for any contractor they have paid more than six hundred dollars in one year.
During the last few years, businesses have been encouraged to file these forms electronically; if a any business has to file more than two hundred fifty within the year, then electronic filing is actually mandatory. There are over a dozen variations of the 1099 information return which can be easily looked up online.
You should know that it’s required of a taxpayer to report any of his or her earnings as a contractor even if a 1099 was not issued.
If you’ve been given a 1099 by one or more businesses, you can simply add this information to an online tax filing service like TurboTax Online. They’ll guide you through the entire process and prompt you for the knowledge as it’s needed to properly take care of everything.
As a business, a online service like that can also come in handy. There’s a wizard that will do all of the calculations and other work for you in order to print off an unlimited number of W2 and 1099 forms. This is obviously a gigantic time saver and we can all use a little more of that.
And that’s all on top of their award-winning and personal customer service, a 100% accuracy guarantee, audit support, and a host of other features and benefits. There’s no better way to prepare tax forms, fill them out, and complete any other aspect of your tax return anywhere else (guaranteed).