Get ready for the 1099 deadline: January 31, 2025
If your business works with contractors, you are responsible for 1099 preparation and reporting to the IRS. You’re also responsible for sending these crucial documents to all subcontractors to whom you’ve paid $600 or more over the course of the year.
We can help you identify which vendors need 1099s and complete the process of filing and mailing the appropriate forms by the January 31 deadline.
Sign-ups received after January 24 will be subject to a $250 rush fee.
We offer two tiers of 1099 preparation services
Self-Service
Use the template we provide to submit a list of all contractors you paid in the past year, along with required documentation.
- We will answer any questions related to the process.
- We create a ShareFile folder to organize and share documentation with you.
- TIN verification to ensure the EIN matches the name registered with the IRS, preventing potential issues later in the year.
- We prepare and file your 1099s and provide copies for your records.
- Please note that we do not validate any of the information you provide.
Set up fee: $225
Forms files fee: $25 per form
Edits or updates: $25 per form
Full Support
You provide your Xero or QuickBooks accounting file to be reviewed by the FSA team.
- All accounts must be reconciled through the end of the year. You are responsible for ensuring that all transactions are coded to the correct general ledger (GL) account.
- We review the accounts and determine which vendors/contractors require 1099 forms. You will review the list and validate our findings. You are responsible for providing all requested W9 forms and supplying any information missing from the accounting file.
- We create a ShareFile folder to organize and share documentation with you.
- We provide support for any questions you may have about the process.
- TIN verification to ensure the EIN matches the name registered with the IRS, preventing potential issues later in the year.
- We prepare and file your 1099s and provide copies for your records.
Set up fee: $625
Forms files fee: $25 per form
Edits or updates: $25 per form