ONESOURCE Tax Information Reporting (1099)

1099 compliance, W-8/W-9, state reporting, TIN compliance and withholding management and compliance training

Description:

Our 1099 software and services offer corporations a complete U.S. Federal and state or Canadian solution, including TIN Compliance, withholding management and industry training. The 1099 software is Web-based and easily accessible from wherever you work. You can import commissions, p-cards, interest and dividend payments, claims, vendors and employee benefits from multiple sources. You’ll have one centralized place to maintain Tax Identification Number information and track B-Notices and other notices. Forms are prepared for you, on time and with a high level of accuracy.

For organizations that make payments to foreign vendors, we can help with W-8/W-9 compliance.

Features

Benefits

1099 Compliance
Ensure Compliance, simplify and automate process with our software and/or services
State Reporting
Clarifies state reporting regulatory changes and eliminates confusion
W-8/W-9 Foreign reporting
Simplifies collection and verification of W-8 forms, automates withholding determination, and accurately prepares forms 1042/1042-S.
TIN Compliance
Will send and track W-9 solicitations. Can also generate W-9 forms directly without using the B-notice tracking system for non-B-notice annual solicitation. Keeps B-notices for current year plus previous 3 tax seasons – comply with IRS rules. Mitigate risk of penalties.