FORM 1099 PREPERATION

 

The service of 1099 preparation involves creating and filing 1099 forms, which are IRS tax forms used to report various types of income other than wages, salaries, and tips. This is particularly relevant for businesses that work with independent contractors, freelancers, or other non-employees. The 1099 forms are essential for maintaining compliance with IRS regulations.

 

At Sterling Tax & Accounting Inc., we offer comprehensive 1099 preparation services to ensure your business meets all IRS requirements for reporting non-employee compensation. Our approach is thorough, efficient, and tailored to your specific business needs.

 

How Sterling Tax & Accounting Inc. Can Help with 1099 Preparation

 

 

  • Identification of Reportable Transactions: We help identify all transactions and payments made to independent contractors or other entities that require reporting on a 1099 form.

 

  • Collection of Necessary Information: Our team assists in gathering and verifying the required information, such as taxpayer identification numbers (TINs) and payment details, from your contractors and vendors.

 

  • Accurate Form Preparation: We prepare the appropriate 1099 forms (e.g., 1099-NEC, 1099-MISC) accurately, ensuring that all the information is correctly reported in accordance with IRS guidelines.

 

  • Timely Filing with the IRS: We ensure that all 1099 forms are filed with the IRS in a timely manner, adhering to the filing deadlines to avoid any penalties.

 

  • Distribution to Recipients: We manage the distribution of 1099 forms to the respective recipients, ensuring they receive their copies by the required deadline.

 

  • Electronic Filing and Record Keeping: Our firm utilizes electronic filing systems for efficiency and accuracy, and we maintain records of all filings for your business.

 

  • Consultation and Compliance Advice: We provide consultation on best practices for 1099 compliance, helping you understand your obligations and avoid common pitfalls.

 

  • Responding to IRS Notices: In case of any IRS queries or notices related to 1099 filings, we offer full support and representation.

 

 

At Sterling Tax & Accounting Inc., our goal is to simplify the 1099 preparation process for your business, ensuring compliance and accuracy while allowing you to focus on your core business activities. Our expertise in tax regulations and meticulous approach to documentation and filing makes us a reliable partner for all your 1099 preparation needs.