1099 And 1095 Forms Are Due To The IRS By March 31, Meet Your E-file Deadline With TaxBandits
ROCK HILL, SC / ACCESSWIRE / March 29, 2021 / March has been a busy month for many businesses, between filing their business income taxes and possibly applying for the second round of PPP loans, tax filings may have been shifted to the back burner.
Businesses that need to complete their Forms 1099 and ACA 1095 Forms on time and accurately can count on TaxBandits.com to provide a simple and efficient e-filing option. The application offers a user friendly filing experience that allows last minute filers to maintain their IRS compliance.
TaxBandits also offers specialized features for tax professionals seeking a solution for last minute filing. With our bulk upload capabilities, users can easily upload filing details for multiple clients at once, speeding up the filing process significantly. Not to mention they are able to track the filing status of every client from one comprehensive dashboard.
Business owners and tax professionals are still adapting to the changes that the new Form 1099-NEC brought for the 2020 tax year. The purpose of the Form 1099-MISC has changed slightly this year. Instead of reporting nonemployee compensation on the Form 1099-MISC this year, it was reported exclusively on the Form 1099-NEC back in January.
The 1099-MISC is still used for reporting all other miscellaneous payments over $600. These range from rents, to prizes and awards, to fishing boat proceeds. In addition to the Form 1099-MISC, TaxBandits also supports the following:
- 1099-INT
- 1099-DIV
- 1099-R
- 1099-S
- 1099-B
- 1099-G
- 1098-T
- 1094-B
- 1094-C
- 1095-B
- 1095-C
Any business owners who are hesitant to file Forms 1099 and 1095 this year can find peace of mind with TaxBandits. The application is chock full of helpful information to help filers determine which Forms 1099 they should file. In addition, TaxBandits.com offers a complete knowledge base, a helpful blog, and the ability to reach our excellent support team via live chat, email, or phone.
Any business owners or tax professionals that need additional time to gather the information needed to complete Forms 1099 and/or 1095 have an option available. By filing the Form 8809 extension, the IRS will grant a 30 day extension of time to complete and e-file these forms. The Form 8809 extension can be easily filed with TaxBandits and filers will receive instant IRS updates.
When asked about the upcoming deadline, Agie Sundaram, the CEO and Co-Founder of SPAN Enterprises, the parent company of TaxBandits stated, “There is a lot of pressure and heavy responsibilities on business and tax professionals right now, TaxBandits is proud to offer an easy solution for e-filing their 1099s and 1095s, and after a decade of experience we have created an excellent application that can’t be found anywhere else on the market”.
Signing up with TaxBandits is free, the team operates on a philosophy that e-filing solutions shouldn’t come with annual subscription costs or a laundry list of fees. TaxBandits clients are able to complete their forms and pay only when they are transmitted to the IRS. Plus, tax professionals can take advantage of volume-based pricing. Get started today at www.TaxBandits.com.
About SPAN Enterprises
SPAN Enterprises is the parent company of TaxBandits and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN enterprises proves that big ideas grow in small towns. With existing Business Management and E-filing Applications such as TruckLogics and ACAwise and new additions like PayWow and 123PayStubs, SPAN Enterprises is at the forefront of innovative applications. Learn more at http://www.spanenterprises.com.
Contact:
Stephanie Glanville
support@taxbandits.com
704.684.4751
SOURCE: TaxBandits
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