TOP 5 REASONS TO OUTSOURCE 1099 REPORTING
1. EXPERTISE:
1099s are one of the most audited forms by the IRS – so it pays to do the job right and on time! SPS/GZ has seasoned tax professionals assisting with the forms and providing counsel for complex issues, such as reporting equity payments in conjunction with a divorce, to meet 1099 reporting requirements.
2. TIME AND COST SAVINGS:
During one of the busiest times of the year for accounting professionals, SPS/GZ relieves the burden of the 1099 reporting requirements of mailing and filing forms at a competitive price, saving companies valuable resources. Allow SPS/GZ to handle your 1099 reporting requirements.
3. ELECTRONIC FILINGS:
Form 1099-NEC has been brought back to report non-employee compensation, formerly Box 7 of Form 1099-MISC. The IRS reintroduced Form 1099-NEC to help avoid confusion since Form 1099-MISC had different filing deadlines based on types of payments. As of 2016, the filing deadline to mail and file non-employee compensation was moved from March 31st to January 31st. With the ever-changing rules, it makes sense - now more than ever - to outsource this service to a professional organization like SPS/GZ that handles the electronic filing with the IRS using robust technology and dedicated, knowledgeable professionals to fulfill the varying 1099 filing requirements.
4. CORRECTIONS PORTAL LINKED TO IRS:
With the accelerated filing deadline for 1099-MISC tax forms, companies are faced with making corrections AFTER the filings have been completed with the IRS. SPS/GZ’s corrections portal allows for changes to be made and new forms to be added easily via an online portal. All corrections are tagged, tracked for auditing purposes and automatically re-filed with the IRS for efficiency and peace of mind.
5. ELECTRONIC ARCHIVING OF FORMS:
All forms and source files are electronically archived and easily accessible to clients for a minimum of 7 years.

As a client of SPS/GZ, you will have the peace of mind that your forms have been reviewed by tax professionals and your organization is in compliance with IRS regulations.

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We are here to help you streamline the 1099 reporting process and give you back valuable time. All you have to do is…
• Log into our secure portal
• Upload completed Excel templates
• SPS/GZ will create forms and provide proofs for client review and approval
Once approved, SPS/GZ will print forms, stuff envelopes, perform quality control review, secure envelopes and mail forms to recipients.
SPS/GZ offers complete services for the following 1099 forms:
In addition to the above listed forms, we also process IRS tax forms: 1095-C, 1094-C, 1095-B, 1094-B, 1098, 1098-T, 1098-E, 3921, 3922 and 5498.