We would be honored to be your trusted partner and assist with all your Form 1099 processing and e-filing requirements. Outsourcing Form 1099 filing services saves business owners valuable time and money. It also lends peace of mind to clients knowing that certified and experienced professionals are providing support and advice for complex issues. SPS/GZ stays abreast of new IRS and state requirements from year to year. For the 1099-NEC form, which is required for reporting Nonemployee Compensation Income (formerly Box 7 of Form 1099-MISC), the Internal Revenue Service requires companies to e-file if issuing 250 or more 1099 forms by January 31st, making outsourcing a must for most companies. Additionally, Form 1099-NEC is required to be filed with some states. The SPS/GZ 1099 processing solution allows for easy form creation, 1099 e-filing, and seamless form amendments without the need to buy and manage software. SPS/GZ also provides filing-only services with the IRS or individual states for any form type.
SPS/GZ conducts a thorough review of data by professionals to identify potential errors and missing information and to ensure that data is formatted correctly. We also conduct complimentary TIN-Matching (Tax ID verification) services before tax reporting season each year to help clients minimize errors and penalties in conjunction with our comprehensive 1099 filing services.
It is common for 1099 forms to have reporting errors due to the volume and nature of data being reported. Many times, vendors and contract workers contact companies to report a discrepancy in the reported amount on the form. Also, TIN-matching errors, whereby the Taxpayer’s Name and Tax ID Number (either Social Security Number or Employer Identification Number), do not match the records in the IRS system, are common and can be minimized through our completing complimentary tom services in advance. SPS/GZ understands that mistakes happen. That is why we are here to help you correct those errors. Our system allows clients to autonomously change any information or amounts in form fields by simply logging into our secure portal. SPS/GZ’s platform tracks all changes, providing an audit trail, and corrections are automatically e-filed with the IRS, so you don’t need to worry about amending forms that were previously filed. We do not charge any extra fees for the correction service unless a special data project is requested. Many other 1099 service providers charge additional fees to correct their clients’ 1099 forms. The SPS/GZ comprehensive 1099 outsourcing process, including the 1099 e-file service for amendments, has helped many clients avoid or limit penalties imposed by the IRS.
SPS/GZ can save your company money and time and ensure compliance