Tax Information Reporting

A level of global compliance that helps you sleep better at night

Our experts have decades of experience specializing in tax information reporting and 1099 compliance, and are here to help you meet every deadline and avoid penalties with 1099 software that makes the whole process easier. Thomson Reuters ONESOURCE can help you meet the everyday challenges of delivering 1099 forms.

Information Reporting on Form 1042-S

Expert Paula Singer tackles a new challenge for Accounts Payable. Learn more

Ready for FATCA?

The Foreign Account Tax Compliance Act is coming January 1, 2013. Learn more

Webcasts

Our tax professionals report on changing industry regulations for 1099, 1042-S, FATCA, W-8/W-9, Cost-Basis and more. Learn more

ONESOURCE Tax Information Reporting

Let us help you stay on top of compliance with Thomson Reuters ONESOURCE Tax Information Reporting Services.

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Simplify your tax information reporting compliance process

What if you could snap your fingers and make your 1099 compliance process easier, more accurate and less expensive? That’s what ONESOURCE Tax Information Reporting 1099 software and services from Thomson Reuters can do. Tracking down contractors, vendors, clients and payees each year, making sure they are who they say they are and confirming where to find them is a complex job. Let us simplify the process with unique tools and an automated solution for 1099s, TINs and B-Notices, W-8s and 1042s.

Our 1099 software and services offer corporations a complete U.S. federal and state or Canadian solution, including TIN Compliance, withholding management and industry training. The 1099 software is Web-based and easily accessible from wherever you work. You can import commissions, p-cards, interest and dividend payments, claims, vendors and employee benefits from multiple sources. You’ll have one centralized place to maintain Tax Identification Number information and track B-Notices and other notices. Forms are prepared for you, on time and with a high level of accuracy.

For organizations that make payments to foreign vendors, we can help with W-8/W-9 compliance. You input the basic vendor information, and the software does the collection and verification, withholding determination, and Form 1042/1042-S preparation. Our International Tax Navigator, part of the ONESOURCE Nonresident Alien Taxation portfolio, can examine complex international tax law and procedure and provide treaty analysis as well as completed withholding certificates and forms. It makes your whole process more accurate and efficient.

Those who prefer consulting can let Thomson Reuters ONESOURCE keep you a step ahead with services that handle your complete 1099 compliance process.

• U.S. Federal, State and Puerto Rico Filings

  We will generate or correct direct federal filings and CFS state filings electronically, annually, quarterly or periodically as required.

• Canadian Compliance

  Ensure regulatory compliance according to the CRA and QUEBEC regulatory changes, reduce costs and improve processes.

• TIN Compliance

  Our 1099 software keeps a B-Notice database for the current year and three previous years to comply with the IRS. Deadlines are managed automatically once a B-Notice file is received, and the software tracks the process. You can also track W-9 forms without using the B-Notice system.

• W-8/W-9 Compliance

  Simplify collection and verification of W-8 forms, automate your withholding determination, and accurately prepare 1042/1042-S forms.

• Withholding Management

  Track your tax liability due dates for a variety of jurisdictions. Once you reconcile your liability and deposit records, the software will provide the information you need for Form 945, Form 941 and Form 1042.

• Compliance Training

  Take part in Webcasts from expert instructors that help you understand the IRS changes surrounding Form 1099, w-8/w-9 and form 1042-S.

• eStatement Services

  Our Web-based 1099 solution provides easy Internet access to tax forms directly from your website.

• W-8/W-9 for Foreign Financial Institution

  Reporting solutions that fit each state’s unique provisions.

• W-8/W-9 Compliance

  How confident are you in your payee documentation process?

• U.S. State Reporting

  Reporting solutions that fit each state’s unique provisions.

• U.S. Federal Tax Information Reporting

  Centralize your tax information reporting compliance

We know your needs can change slightly depending on your industry. Whether you are in brokerage and investments, education, financial and banking, healthcare, oil and gas, real estate or retirement plans and annuities, ONESOURCE Tax Information Reporting is the solution for you.