1099 Pro To Support New Form 1099-K, Merchant Card and Third-Party Payments.
1099 Pro is offering a complete solution for merchant acquirers that will need to begin reporting in 2011. Our comprehensive solutions ensure a seamless and IRS compliant platform to meet the upcoming information reporting and withholding requirements.
1. Evaluate overall acquirer needs and develop an IRS compliant implementation strategy.
2. Develop compliant merchant account opening procedures using real-time TIN/Name validation.
3. Setup merchant correspondence procedures for mismatch, corrections, and inquiries via web, IVR, and mail.
4. Batch verify all existing merchant TINs and associated legal names to identify mismatches.
5. Process and resolve mismatches in the IRS approved method.
6. Setup and begin tracking IRS notices. (CP2100/B-Notice, 972CG,...)
7. Setup withholding and reconciliation procedures in preparation for 2012.
8. Begin tracking transactions and process IRS compliance validation rules in real-time.
9. Verify/reconcile consolidated transactions for merchant year-end statements.
10. Customized printing of the merchant year-end statements in the IRS approved format.
11. Electronic and/or postal delivery of merchant year-end statements
12. Pre-filing corrections processing and corrected statement reissuing.
13. Electronically file all information returns in the IRS approved format.
14. Throughout the year process and file corrections for already filed forms.
15. Implement any IRS regulation changes for the next reporting year.
For more information please visit our Home Page or call (818) 737-2330.
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About 1099 Pro, Inc.
1099 Pro, Inc. ( www.1099pro.com ) is a market-leading provider of
information-reporting Solutions & Services for 1099, W-2 and 1042-S filers. 1099 Pro develops and markets a
comprehensive range of products that enables any size of business or institution to effectively manage and comply
with all 1099, W-2 and 1042-S filing requirements.
1099 Pro products range from i) Client Server / ASP applications capable of filing over 100 million records
utilizing a MS SQL back end with a multi year presentation of forms via Internet Explorer to ii) desktop software
products for filing from 20 – 100,000 forms to iii) www.eFileMyForms.com for internet filing of < 20 forms.
Adjunct products include secure Hosting and Services for information processing, printing, filing and penalty abatement.
1099 Pro is a Microsoft Certified Partner, MBE certified and has received SAS 70 type II certification.
