Top 5 1099 Tax Filing Solutions for Freelancers and Businesses
Discover the top 5 1099 tax software options suitable for freelancers and small businesses. These tools simplify data import, printing on IRS forms, and electronic filing, ensuring compliance and efficiency. Choose from popular solutions like Staples, H&R Block, and others to streamline your tax reporting process, whether you're preparing 1099-MISC forms or other information returns. Proper software selection can save time and reduce errors during tax season, making your filing experience smooth and straightforward.
Top 5 1099 Tax Filing Tools for Contractors and Entrepreneurs
Being your own boss and managing a business offers numerous advantages, including flexibility and independence. However, it also involves specific tax obligations known as 1099 requirements. Self-employed individuals and independent contractors must understand how their job status influences their tax filings.
The IRS requires the submission of a 1099 form, a type of information return used for reporting various income types paid by employers to non-employees. Different 1099 forms cater to different income sources beyond regular salaries.
The person or company paying an individual or organization must file and send the appropriate 1099 form if payments reach $600 or more. For efficient tax filing, using dedicated 1099 software can be highly beneficial. Several options are available, and choosing the right one involves considering key features like data import, printing, and electronic filing.
Data Importing: The software should seamlessly import data from formats like CSV, Excel, or Notepad, and convert data into the required format if necessary.
Printing: Ensure the software can print on IRS-approved laser forms, including Copy A and the 1099 form itself.
Electronic Filing: Some solutions facilitate e-filing of various information returns, such as 1099 series, 1098, and 3921, streamlining the process.
Popular providers like HR&Block, TaxRight, Staples, TOPS, e-File, LaserLink, and ComplyRight offer reliable 1099 filing software. Here are some leading options:
Staples® 2018 1099-MISC Tax Forms and Envelopes Kit: Ideal for filing 1099-MISC forms, compatible with Adams Tax Forms Helper, and compliant with government standards.
TaxRight™ 1099-Miscellaneous 4-Part: Includes 25 laser forms, self-seal envelopes, and offers 10 free e-filings, suitable for small-scale reporting.
H&R Block 2018 Premium Tax Software: Features guided questions, deduction tips, and supports data import from TurboTax and Quicken.
ComplyRight™ LaserLink XL: Offers 200 free e-file submissions with multiple 1099 form types and manual data entry options via templates.
TOPS® 1099-MISC Form Kit: Comes with a 5-part laser sheet kit and supports online helpers, including 100 forms for each copy and double-window envelopes.
