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I use Tax Bandits to process 1099's
Just upload the info from an excel spreadsheet and they send out the 1099s
No need to purchase various forms and I am required to file electronically
The Internal Revenue Service (IRS) has fundamentally changed the requirements for how businesses must submit information returns, including the entire Form 1099 series. Mandatory electronic filing now applies to a significantly broader range of payers than in previous years. These new regulations, implemented for tax year 2023 filings due in 2024, require a comprehensive shift from paper to digital submission for many small and mid-sized entities.
The Current Electronic Filing Threshold
The previous mandate for information returns required electronic filing only when a payer submitted 250 or more of a single form type. This high threshold allowed many businesses to continue using paper forms. The new regulations dramatically reduce this compliance trigger to just 10 returns in aggregate. This means any entity filing a total of 10 or more information returns across nearly all categories must use an electronic method.
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