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The following checklist will make sure that you have all the required information before you start filing and submit the 1099 electronic file to the IRS: Review your vendor list: As per IRS rules, any business should have the vendor’s TIN and contact information before you start doing business with them. Review your vendor’s list to make sure that this information is available in your database. Send Electronic W-9 to the vendors through the Taxseer platform: If you have the vendor’s TIN missing then use the Taxseer’s free W-9 portal to send the W-9 request to the vendors. Taxseer will send the email with a secure link to vendors to connect to the portal. This electronic method of W-9 submission vastly improves the time to get back the TIN from the vendors as well as maintains better compliance with the IRS rules. Receive & Review the vendor’s TIN: Recipients can submit the TIN through the online W-9 form in the portal and it will be directly updated in the recipient/payee database. Review the TIN before you start filing the 1099s. Fill the online 1099 forms on Taxseer platform: Taxseer provides very user-friendly online forms that mimic the IRS 1099 paper form to avoid any confusion when filers move from paper filing to the electronic option. The form filing is guided by the tax-wizard to ensure that filers can file the 1099 forms correctly and the validation engine makes sure that all entries pass the IRS validations to avoid rejections. For More info: http://blog.taxseer.com/forms-1099-efile-checklist-for-the-tax-year-2022/ Address: PO Box 823, Clarksburg, MD 20871 SALES INQUIRIES # - 240-780-6153
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