Filing Information Returns with the IRS

There are many different types of information returns that need to be filed each year with the IRS (Internal Revenue Service) for both businesses taxes and individual taxes. Some of the most common information returns that are filed each year include Form 1099 and Form W-2. These forms report various types of income to the IRS on an annual basis.

Form W-2

The Form W-2, Wage and Tax Statement is an annual information return provided both to the IRS (Internal Revenue Service) / SSA (Social Security Administration) and payees. Form W-2 reports yearly income over $600 for each employee from the employer. Along with yearly income, federal taxes and state taxes withheld are also reported via Form W-2. Income reported on Form W-2 comes from operating in the course of a trade or business.

Form 1099

There are a variety of different payments reported to the IRS Form 1099. For this reason there are many different versions of Form 1099 to report these unique payments. Income reported via Form 1099 is typically that which has been paid to the recipient from sources outside of a wage-paying job. ExpressIRSForms supports the most common types of 1099 forms including Form 1099-MISC, Form 1099-DIV, Form 1099-R and Form 1099-INT.

There are several different forms in this series, including:

  • Form 1099-B, Proceeds From Broker and Barter Exchange Transactions;
  • Form 1099-C, Cancellation of Debt;
  • Form 1099-DIV, Dividends and Distributions;
  • Form 1099-G, Certain Government Payments;
  • Form 1099-INT, Interest Income;
  • Form 1099-MISC, Miscellaneous Income;
  • Form 1099-R
  • Form 1099-PATR, Taxable Distributions Received From Cooperatives;
  • Form 1099-Q, Payments From Qualified Education Programs (Under Sections 529 and 530);
  • Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.;
  • Form SSA-1099, Social Security Benefit Statement; and
  • Form RRB-1099, Payments by the Railroad Retirement Board.

IRS Informational Return

If you choose to paper file Form 1099 or W-2, you must file Form 1099 with Form 1096 and Copy A of Form W-2 with Form W-3 by February 29, 2016. E-Filing Form 1099 and Form W-2 with ExpressIRSForms is not only quick and easy, but the deadline is automatically extended until March 31, 2016 and eliminates the need to file Form 1096 and Form W-3, which are the transmittal documents.

E-Filing Information Returns with the IRS

Form 1099 and Form W-2 can both be E-Filed with the IRS in addition to paper filing. E-Filing information returns with the IRS can help to save you time and help ensure the accuracy of payee and recipient information. When you are E-Filing any forms or returns with the IRS it is important to choose an IRS Authorized E-File provider to ensure the security of your personal information. An example of an IRS Authorized E-File provider for filing Forms W-2 and Forms 1099 is ExpressIRSForms.

Other Forms Available for E-Filing with the IRS

Many different forms are available for E-Filing with the IRS whether it be through a third party provider or through the IRS directly. With ExpressTaxZone you can file many different types of IRS returns including 1099-MISC, 1099- DIV, 1099-INT, 1099-R, W-2, 2290, 8849 Schedule 6, 8868, 7004 and 4868. The ExpressTaxZone line of IRS Authorized tax software includes ExpressIRSForms, ExpressTruckTax, Express Extension and ExpressIFTA.

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