TaxBandits has expanded its e-filing services to include IRS Forms 1099-QA and 1098-F, offering a streamlined and secure solution for businesses and tax professionals.
ROCK HILL, SC / ACCESS Newswire / March 10, 2025 / TaxBandits, a comprehensive tax e-filing platform for businesses and tax professionals, is excited to announce the expansion of its e-filing services to include IRS Forms 1099-QA and 1098-F. This development significantly expands the range of forms that can be filed efficiently through the TaxBandits platform.
Forms 1099-QA and 1098-F: Purpose and Requirements
Form 1099-QA: Distributions From ABLE Accounts
Form 1099-QA is an IRS tax form filed by states, their agencies, or their instrumentalities. It reports distributions from Achieving a Better Life Experience (ABLE) accounts specifically designed to support individuals with disabilities. Accurate reporting of these distributions ensures compliance with IRS regulations, making it essential for anyone managing such accounts.
Form 1098-F: Fines, Penalties, and Other Amounts
Form 1098-F is a tax form filed by governments, governmental entities, and nongovernmental entities treated as governmental ones. It is used to report specific amounts related to suits, court orders, or agreements regarding violations of laws. This form is essential for ensuring transparency and compliance with IRS regulations regarding financial obligations arising from legal actions.
TaxBandits: A Simplified E-Filing Solution for Forms 1099-QA and 1098-F
As an IRS-authorized e-file provider, TaxBandits offers an efficient and reliable platform for filing Forms 1099-QA and 1098-F. With a commitment to accuracy, security, and compliance, TaxBandits simplifies the filing process while minimizing errors and reducing administrative burden.
Here are some of the exclusive features offered by TaxBandits:
Flexible Data Import Options
TaxBandits provides multiple options for importing filing data, including manual entry and bulk uploads via a standardized CSV template. This flexibility helps businesses and tax professionals reduce data entry time and minimize errors, ensuring a seamless filing experience.
Advanced Compliance and Accuracy Checks
The platform integrates essential validation tools, including TIN Matching, USPS address validation, and IRIS Business Rule validations for 1099 and 1098 forms. These features enhance filing accuracy and help prevent common errors before submission.
Multiple Recipient Copy Distribution Methods
TaxBandits offers secure and convenient options for distributing recipient copies of Forms 1099-QA and 1098-F. Clients can choose between postal mailing or providing recipients with lifetime online access to a secure portal. These options ensure timely delivery while accommodating different recipient preferences.
Automatic Generation of Form 1096
For clients who e-file Forms 1099-QA and 1098-F through TaxBandits, the platform automatically generates Form 1096, the transmittal form required for paper filings. This feature eliminates the need for manual preparation and ensures accurate recordkeeping.
Robust Data Security Measures
TaxBandits prioritizes data security and compliance, maintaining SOC-2 certification and implementing industry-standard encryption and access controls. These safeguards protect sensitive taxpayer information throughout the filing process.
World-Class Customer Support and Smart AI Assistance
TaxBandits offers dedicated customer support to assist users throughout the e-filing process. Clients can access assistance via phone, email, or live chat to resolve any inquiries efficiently. Additionally, TaxBandits features BanditAI, an advanced AI-powered chatbot that provides real-time assistance, guiding users through platform navigation and addressing common tax filing questions.
Those interested in e-filing Form 1098-F and Form 1099-QA are encouraged to create a free account at taxbandits.com.
About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099 Form, Form W2, Form 940, Form 941, 1095-B, 1095-C, and W-9, serving businesses, service providers, and tax professionals of every shape and size.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade. The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
Please direct all media inquiries to Caleb Flachman, Marketing Manager, at caleb@spanenterprises.com.
SOURCE: TaxBandits
