1099 Professional supports reporting for Form series 1099 including Forms 1099-B, 1099-DIV, 1099-INT, 1099-K, 1099-MISC, 1099-NEC, 1099-R, 1099-S, Forms 3921, 3922, W-2G, 1098, 1042-S, and 1042.
Yes. 1099 Professional support filing Federal corrections with the IRS.
1099 Professional supports filing via the IRS’ Combined Federal State Filing Program (CF/SF) but does not include direct state reporting. Customers are able to purchase our 1099-NEC direct-state reporting add-on service for an additional charge, based on your subscription volume.
Yes, 1099 Professional supports electronic Filing of Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
Form 1042 is required to be filed with the IRS anytime a Form 1042-S is issued. Unlike Form 1042-S, Form 1042 only needs to be submitted to the IRS, not payees. Beginning for tax year 2024, all U.S. based withholding agents will need to file Form 1042 electronically via the IRS’ Modernized eFile (MeF) System. For more information on Form 1042, check out our Form 1042 eFiling Guide.
Sovos offers a variety of 1099, W-2, and ACA products and services for high volume customers. If you have more than 5,000 forms, have other form types to file, or need additional services, reach out to find the right solution for you.
Yes! 1099 Professional supports unlimited users.
Sovos provides comprehensive solutions for ACA (Form1095) and Form W-2. If you’re managing fewer than 1,000 forms, explore eFileMyForms by Sovos for an easy, self-service option. For businesses with larger volumes, connect with one of our experts to find the best solution tailored to your needs.
The free trial allows you to explore 1099 Professional features risk-free. During the trial, you can import filer and recipient data, run data validations, and more. You’ll have access to all of 1099 Professionals tools and features, helping you streamline your 1099 reporting process. While outputs like IRS transmittals, printing, and mailing are not included in the trail, they can be completed anytime with a paid subscription.
After your 7-day free trial, the credit card on file will automatically be charged for the plan you initially selected.
Yes- You can cancel your free trial anytime by reaching out to 1099cancellations@sovos.com
Yes! 1099 Professional supports Combined Federal State Filings for supported 1099 series forms.
1099 Professional customers can select to add 1099-NEC Direct State Reporting upon checkout. With this add-on, we will file your 1099-NECs directly with states on your behalf. This add-on includes CFSF (Combined Federal State Filing) Program and direct-state reporting where required for a complete solution.
Currently 1099 Professional supports Combined Federal State Filing (CFSF) Program filings for supported 1099s and direct-to-state reporting for Form 1099-NEC.
Certain states that require direct-state reporting also require filers to submit an annual reconciliation form, which is used to reconcile the amounts of taxes withheld from payments to a recipient by the filer with the amount of taxes owed/paid to the states. Currently, 1099 Professional does not support the filing of these reconciliation forms.
All 1099 Professional subscriptions are based on the number of forms you need to file an run for a full tax reporting year and automatically renew on April 1st of each year if not cancelled. Each subscription comes with a 7-day free trial so you can explore the software and decide if its right for you. You will not be charged until the trial is complete, and you can cancel at any time during the free trial if you are not completely satisfied.”
1099 Professional can be purchased with a credit card.
If you go over your subscription form volume, you will be charged based on the number of overages. If you need to raise your form volume, you can do so at any time by contacting support.
Yes- In order to change your subscription volume or manage add-ons please contact Sovos support.
Sovos offers eFileMyForms for filers looking for a pay-as-you-go option for 1099 reporting.
