Frequently Asked Questions
General FAQs
What forms does 1099 Professional support?
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.
Does 1099 Professional support corrections?
Yes. 1099 Professional support filing Federal corrections with the IRS.
Does 1099 Professional include direct state reporting?
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.
Does 1099 Professional support electronic filing of Form 1042?
Yes, 1099 Professional supports electronic Filing of Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
Do I need to electronically file Form 1042?
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.
I have more than 5000 forms, is 1099 Professional right for me?
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.
Can I have multiple users on the same account?
Yes! 1099 Professional supports unlimited users.
Does 1099 Professional support ACA and W-2 forms?
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.
Free-Trial FAQs
What does the free trial include?
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.
When will I be charged?
After your 7-day free trial, the credit card on file will automatically be charged for the plan you initially selected.
Can I cancel my free trial?
Yes- You can cancel your free trial anytime by reaching out to 1099cancellations@sovos.com
1099-NEC DSR
Does 1099 Professional support Combined Federal State Filing?
Yes! 1099 Professional supports Combined Federal State Filings for supported 1099 series forms.
How does 1099 Professional 1099-NEC Direct State Reporting work?
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.
Does 1099 Professional support direct state reporting for forms other than 1099-NEC?
Currently 1099 Professional supports Combined Federal State Filing (CFSF) Program filings for supported 1099s and direct-to-state reporting for Form 1099-NEC.
Do I need to submit a state reconciliation form?
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.
Orders and Billing
How does 1099 Professional pricing work?
All 1099 Professional plans offer a free 7-day, risk-free trial. Upon checkout, you’ll select your needed form volume and any add-ons for the given tax year. View full pricing details.
What forms of payment can I use?
1099 Professional can be purchased with a credit card.
What if I go over my form volume?
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.
Can I change my subscription?
Yes- In order to change your subscription volume or manage add-ons please contact Sovos support.
Does 1099 Professional have a pay-as-you-go option?
Sovos offers eFileMyForms for filers looking for a pay-as-you-go option for 1099 reporting.