subject: About The Most Reliable Way To File 1099 Forms Online [print this page] Do you start getting stressed every time you think about filing tax forms? Now you can file your 1099 forms online in just a few minutes with no hassles, plus you will not have to ever buy a single form.
When you visit www.taxforms2go.com as a first time user you can immediately create an account, a process which is simple and straightforward. Following this, you will be able to start filing your 1099 forms and you can set up payer and recipient information for future use. You can also ensure data security when you file your forms on the website. Returning users of the website can also file new tax forms, manage the forms that were already filed, edit and transfer all data to avoid re-typing the information, and even store all their records under one account for future reference.
At this website you can enter all your data and the rest will be done for you. Once the data is entered the 1099 forms are e-filed to the IRS, and four copies are printed and mailed to recipients for purposes of attaching to their tax returns and record keeping. Subsequently, after the forms have been yielded for filing, payer copies will be provided in PDF form and you could download and save these forms. The PDF version of the forms could also be sent out to local or state governments for their records. Further, an email confirmation will also be sent out for your future reference, or to notify you if there were any errors or issues that need to be addressed.
There are certain fundamental changes that were made to 1099 forms and these modifications are such that rental property owners are required to file a 1099-Misc for $600 and above paid to service providers on their properties including plumbers, painters or accountants etc. All of the expenses are to be tracked in 2011 and reported in January 2012. For 2011 there will be penalties for not filing the 1099-Misc and for misclassifying workers as 1099 contractors. Late filings will incur the full penalties.
Other modifications include a new 1099-K form that will be issued in 2011 by PayPal and other credit card processing services to all clients who utilize those services for managing credit card payments. This form is designed to ensure that every individual is paying his/her fair share of taxes, plus the form will assist in improving the accuracy of data reporting. This website will help you to go through the entire filing process smoothly and punctually.
by: Tim Koenigs
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