Fast and Precise 1099 Filing in Houston, TX
Our firm Sosalkino Accounting & Law Firm is experienced in preparing 1099 forms, helping you stay within IRS compliance regulations without incurring the heavy fines that can be found on the books. Whether you run a small company, work as an online freelancer or a contractor, we take care of the entire process of filing the 1099s so you can avoid all the mess and stress over missing deadlines or making mistakes.
We provide our 1099 filing services both on-site and online and it is more convenient to hire a specialist in this case regardless of the place. We have the team to help you throughout the process, answer the questions and ensure that you remain compliant with what is needed by the federal government.
The Benefit of Using Our 1099 filing Service
- Makes reporting easier: we organize and e-file 1099-NEC/1099-MISC and generate recipient copies.
- End-to-end: secure data input, testing, TIN verification, electronic IRS filing and confirmations.
- Law firms-oriented: expert witnesses, investigators, consultants, referral fees and divvying up co-counsel fees are all handled with explicit classification rules.
- Simple processing: a simple portal to upload ledgers or vendor exports, we map more fields, solve exceptions and deliver a final register.
Outcome: reduced workload on administration, reduced notices and clear record to consult the next year.
Why You Should File 1099 Forms?
The 1099 forms are utilized in reporting some amount that you are paying to individuals or groups who are not your business employees but rather they are independent contractors, vendors and other non employees. These forms are mandated by the IRS to make sure that payments are duly reported to the taxman.
The payments that may require 1099 forms are the following:
- Payments to freelance workers or independent contractors in the provision of a service
- Rentals to individuals and to businesses
- Royalty, prize or award
- Legal services Payments
Any payments other than those classified as employees to non-employees which are qualifying
Trusting your 1099 forms to Sosalkino Accounting & Law Firm gives you the confidence that these forms will be filable properly and on schedule and without fear of the IRS.
Our In-Person or Remote 1099 Filing Services
We realize that each business is different and your filing needs are unique. Enjoy the benefits of on-site support or remote help, it is your choice.
In-Person Services:
We hope you will stop by our Houston, TX office and meet with our bilingual (English/ Russian) staff to discuss your situation one-on-one and guarantee that your 1099 forms are properly filled out. Don’t know which forms to file or how to get the necessary information and submit it to the IRS? Our professional consultants are here to help you throughout the whole process.
Remote Services:
You might not wish to be tied to the place of work and we provide remote and secure communication through online meetings and documents. We will guide you through the filing steps and review your information over the phone and machine fill-in your 1099 forms electronically. The process begins with one of our highly-trained associates assisting you to upload documents securely through our online portal and having the comfort in knowing that everything is being done professionally.
Types of 1099 Forms We File
We also process other 1099 types as well and ensure that your business is in full compliance with the IRS guidelines. The most popular forms that we file are:
- Form 1099-NEC (Nonemployee Compensation): It is utilized to signify the pay more than $600 to independent contractors or any other non-employee.
- Form 1099-MISC (Miscellaneous Income): To report other kinds of payments, including rent payments, royalties and prizes.
- Form 1099-K (Payment Card and Third Party Network Transactions): The form is utilized by businesses that receive payments via the use of third party networks such as payment processors or credit cards.
- Form 1099-DIV (Dividends and Distributions): To give a report that dividends have been paid to the shareholders or any other distributions.
- Form 1099-INT (Interest Income): It is used to report payments of interest income of more than 10 dollars.
Our process: Efficient and Easy
We simplify the process of filing 1099 to the maximum. This is how we manage your filings:
- Information Gathering
We start by gathering the required details about the payment you provide us -your payment history, the details of the recipient of payments (his name, address, Taxpayer Identification Number (TIN), etc) and the required forms.
- Insuring and Audit
Our team will scan thoroughly, including the receipt of all the data and ensure that there is a match with the information held at the IRS. We also match TIN to ensure there is no mistake.
- Filing
We submit your 1099 forms to IRS either electronically or in a paper-based submission, depending on what you prefer. We also mail copy recipients as they would need the required documents to file their taxes.
- Monitoring and Hearing Back
Once filed, we monitor expiries and give you an acknowledgement receipts filed with the IRS. In case some situations occur, we will resolve them promptly to make them compliant.
- Post-Filing Support
Once we file, we can be available to address any questions that you might have including addressing notices received by the IRS and assisting you to resolve discrepancies.
1099 Filing Service Plans
Sosalkino Accounting & Law Firm provides affordable 1099 filing services that are made-to-order to complement the existing needs of the business. You may require simple 1099s on a handful of contractors or comprehensive compliance services if you have many contractors. Either way, we can help.
Simple 1099 Filing Package
Appropriate to small companies or individuals who are basic in filing. What it covers:
- Reporting of non-employee compensation through Form 1099-NEC with an amount of payment of 600 or more.
- Filing an annual tax report Form 1099-MISC and paying tax on miscellaneous income: royalties, rent, and others that totaled 600 or more.
- Up to 5 recipients (additional recipients charged at an extra-cost).
- Efiling with the IRS and mailing Copy B to recipients.
- To help the process of monitoring and reminders when filing deadlines.
- Basic assistance on questions touching on 1099 filing.
- The receipt of confirmation of IRS filings obtained
Standard 1099 Filing Plan
Best suited to business with many contractors or varied types of payments. What it covers:
- Included in the Basic 1099 Filing Plan.
- Filing Form 1099-K of third-party payments (as necessary).
- Up to 20 recipients (other recipients charged on a per recipient basis).
- Telephone advisory services to enquire about filling and assistance.
- Help with determining what is being considered to be the most commonly used forms (1099-NEC, 1099-MISC, 1099-K) and what payments require them.
- Help with gathering data on recipients as well as verification of TIN numbers.
- Automatic monitoring of deadlines and due dates filed on IRS.
- Confirmation of RS filing receipt and correction of errors, if any.
Premium E-Filing and Compliance Package
It is a broad-based solution covering growing firms or those with complex filing needs, like multi-state, cross-border considerations. What it covers What it covers:
- Everything that is in the base 1099 Filing Plan.
- Preparation of all applicable 1099 forms (1099-NEC, 1099-MISC, 1099-K, etc.) with up to 50 recipients (additional recipients as an add-on).
- Matches based on advanced TIN to be sure of the accuracy of the recipient details.
- Assist clients who engage in cross border transactions and support with compliance in international tax laws.
- Detailed consultations on the need to know which forms to file including to foreign contractors and entities.
- Documentation, preparation of which includes operating agreements, tax planning and legal assistance.
- Reminders of tax deadlines that are available all year-round to help with staying organized.
- Receive access to both in-person meetings and remote meetings to address any filing- related matters.
- Help with backup withholding (where applicable) and making sure needs are fulfilled as per IRS.
- Follow-up after filing to address issues with IRS about a notice, dispute or anomalies.
- Quarterly referencing to discuss your formations and make sure that every matter is going well.