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Payroll

2020 Review of Track 1099

Mary Girsch-Bock

Dec. 21, 2020

Track1099

www.track1099.com

From the 2020 reviews of W-2 and 1099 compliance systems.

Track1099 offers easy, online 1099, W-2, 1042-S and 1095 IRS e-filing and recipient e-delivery or postal mail, eliminating the need to purchase forms or print multiple forms in-house. Instead, users enter the appropriate information, and Track1099 does the rest. Track1099 is a good fit for businesses of any size as well as accounting firms that need to process multiple types forms for myriad clients. Users can sign up for the service for free and are only charged when scheduling e-file.

Track1099 guides users through the information entry process, with the option to enter data manually, via CSV template or importing from third party applications. After adding payer and recipient information, users can review data on the forms summary table, which uses icons to determine whether the information is good, if the form is ready to be e-filed, or if there are errors that need to be corrected.  Track1099 includes an All Payers dashboard, a useful feature that provides a convenient overview of all Payers’ forms as well as current IRS e-file, recipient e-delivery and postal mail statuses. 

Track1099 supports the full 1099-series of information returns, including the new Form 1099-NEC, which will be used instead of 1099-MISC Box 7 to report non-employee compensation. Forms supported in Track1099 include 1042-S, 1094/1095-C, 1097-BTC, 1098, 1098-C, 1098-E, 1098-Q, 1098-T, 1099-A, 1099-B, 1099-C, 1099-CAP, 1099-DIV, 1099-G, 1099-H, 1099-INT, 1099-K, 1099-LTC, 1099-MISC, 1099-OID, 1099-PATR, 1099-Q, 1099-R, 1099-S, 1099-SA, 3921, 3922, 5498, 5498-ESA, 5498-SA, W-2/2C, W-2G. 

WithTrack1099’s IRS-compliant recipient e-delivery service, users can choose to have the forms delivered electronically to recipients, allowing tracking of email and recipient acceptance of the forms, including corrections. Track1099 does offer a postal mail service for those recipients missing email.

Track1099 participates in the 1099-series Combined Federal and State Filing program. Note that the IRS decided to not include the 1099-NEC in CFS for tax year 2020, so state filing requirements for the 1099-NEC are evolving. Track1099 will provide a state e-file service beginning in tax year 2020 for certain states that have additional filing requirements beyond CFS. For states not yet supported by Track1099’s e-file service, users may download a state file for free and upload it themselves to their state’s Dept. of Revenue.

Track1099 allows tax pro or CPA firm users to create a team with as many colleagues as needed at no extra cost. Other features include a bulk TIN match file that users may upload to the IRS for free.  Information may also be transferred from the previous tax year, eliminating the need to re-enter data for the same payers and recipients. Track1099 also offers several good importing options, with users able to import data from a variety of third-party applications including QuickBooks Desktop, QuickBooks Online, Xero, NetSuite, Intacct, and Bill.com. CSV templates are available for all form types and are a convenient way of importing data into Track1099.

Track1099 offers an extensive library of online video tutorials that cover a variety of topics including an overview, corrections, and importing. An FAQ page is also available. Support is handled via email, with a guaranteed turnaround time of 12 hours.

Track1099 is an excellent option for both businesses and accounting firms tasked with completing year-end compliance forms that don’t want to be bothered with forms, filing, or distribution. All reports can be viewed on screen and saved as a PDF or CSV for easy sharing and local data management.   

Those interested in Track1099 can create an account for free and will be charged only when scheduling e-file. Track1099 offers a rolling pricing structure starting at $2.99 each for the first 10 forms with the next 150 forms running $1.99 each. Forms 161 to 500 drop to $1.19 each, with a further reduction to $0.69 for forms 501 and above. Pricing is all-inclusive and includes IRS and SSA e-filing, e-delivery and e-corrections for recipients, combined federal and state 1099 participation, and files for individual states that have an additional filing requirement.

Strengths:

  • Charges incurred only when e-filing
  • Online processing eliminates the need for paper forms
  • Good for a single return or thousands
  • Excellent customer support
  • Thousands of users have rated Track1099 4.9 out of 5 stars

2020 Rating: 5 Stars