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5 popular 1099 tax software

Working for yourself and running a business has multiple perks and you have the freedom to do what you love to by being your own boss. However, this freedom comes with a certain type of tax responsibility, which is called the 1099 tax. Therefore, self-employed individuals and private contractors must learn about how their employment status affects their tax filing.

To file the tax, you need to fill a 1099 form, which is a series of documents that are referred to as a type of information return by the Internal Revenue Service (IRS).

5 popular 1099 tax software
There are many different types of 1099 forms that are used for reporting different types of incomes an employer pays to another entity other than their salary. The employer is responsible for filing the 1099 tax form and sending it to their employees or other entities whom they are paying for their respective services.

If you as an employer pay an individual or another organization $600 or more, you need to send them an IRS 1099 tax form as well.

Moving on to filing 1099 tax, a 1099 tax software can be of great help for an individual or an employer. There are many different types of software that are available in the market. While choosing a software, the following three things should be checked.

Import – A software that allows you to import the date from any file like notepad, CSV, or excel should be easily imported into the 1099 software. If the date is in another format, the software should be able to help you convert it into a compatible format.

Print   There are official IRS laser forms that a 1099 software should print on. Some official IRS forms include Copy A and form 1099.

e-file – Some software have the filing information returns electronically set up for people to file information return forms like 1098, 1099, 3921, and more.

Companies like HR&Block, TaxRight, Staples, TOPS, e-File, LaserLink, and ComplyRight make software that allow people to file the 1099 tax. Below are some popular software that can help you make the right decision of buying a 1099 tax software.

Staples® 2018 1099-MISC Tax Forms and Envelopes Kit, 12 sets/Pack – This is a popular software if you want to file a 1099-MISC tax form. This software is compatible with Adams Tax Forms Helper and other tax software as well. Furthermore, it meets government requirements.

TaxRight™ 1099 Misc. 4-Part for 25 Recipients with self-seal – You get 10 e-files free with this software along with time for print (TFP) software. It also comes with 25 1099 MISC laser (4-part) laser forms with 25 self-seal envelopes.

H&R Block 2018 Premium Tax Software, 1 User, Win, and Mac Download/Disc – One of the best parts about this 1099 tax software is that it has a step-by-step Q&A and guidance available for all deductions and credits. It also allows you to import data from other software like TurboTax and Quicken software.

ComplyRight™ LaserLink XL W-2, 1099 and ACA Tax Software for 2018 – This software comes with 200 free 1099 e-filings. The available 1099 form types in this software include 1099-A, 1099-B, 1099-C, 1099-CAP, 1099-MISC, 1099-OID, 1099-PATR, 1099-Q, 1099-R, 1099-DIV, 1099-G, 1099-INT, 1099-LTC, 1099-S, and 1099-SA. Furthermore, you can enter or import data manually using templates that are provided in the software.

TOPS® 1099MISC Tax Form Kit – This software kit can be used with Adams Tax forms helper online. Along with that, users get a 5 part laser cut sheet kit that includes 100 forms for each copy A, B, C/States, and double window envelopes.

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