Why you need an IRS Form 1099 Series Checklist Template

IRS form 1099 is a tax document series that is used to file and report other types of income that are not wages, tips or salaries to the Internal Revenue Service (IRS). Referred to as “information returns” by the IRS, the series has many variations used to report different types of specific transactions – Form 1099-INT, Form 1099-DIV, Form 1099-MISC etc.
This checklist template will help you report any form 1099 accurately with the IRS for your clients.

As your client base grows and you hire more hands, you’ll need a standardized, efficient, and fast way of completing information returns for your clients. This is where our IRS Form 1099 checklist template comes in handy.

Our Form 1099 checklist template was carefully created to include all the necessary steps needed to accurately complete the form 1099 tax document series. You can also customize it to fit your firm’s needs and share it with your team members.

How our Form 1099 Checklist Template will help your firm

Our Form 1099 checklist template will help your firm:

Accurately file tax returns without skipping any important steps:

You may be an expert at filing information returns but you probably can’t say the same for all your employees. With our form 1099 checklist template that includes step by step instructions, every member of your team will accurately file an information return without skipping any important steps or making costly mistakes.

Manage heavy workload without skipping a beat during tax season:

Tax seasons are extremely busy, coupled with pressure from both upcoming IRS deadlines and clients, using our form 1099 checklist will help you and every member of your team complete information returns faster and more precisely.

Standardize and streamline processes across your firm:

Because everyone works differently, you may find that members of your team have different ways of completing work (with varying degrees of accuracy). Having a standardized way of completing processes through a checklist will save you from the headache that comes with inconsistent work.

Deliver excellent work that drives client satisfaction and referrals:

Our form 1099 checklist template was carefully created to help you and your firm accurately carry out information returns . And when your information returns help your clients become treated as an estate, avoid penalties or get refunds from the IRS, they’ll eagerly refer their friends to your firm.

What you’ll find in our Form 1099 Checklist Template

In our fully editable and customizable IRS Form 1099 Checklist Template, you’ll find:

  • A list of tasks (steps) to complete information returns for 1099 series
  • Space to indicate the status of each task
  • Due date
  • Assignee
  • Notes

 

Note: Remember that you can add or remove any of these items to fit your firm’s unique processes.

How to use our IRS Form 1099 Checklist Template

To use our form 1099 series checklist template, simply:

  • Download the template
  • Or create an account with Financial Cents to access the template

 

After you’ve gotten your copy of the template:

  • Review each step and determine if you want to remove or add anything.
  • Optionally, you may add your logo to customize it to your firm.
  • Share it across your team via email or your file sharing platform.
  • You can also create a video to explain the tasks and any other important details to your team.

IRS Form 1099 Information Series Checklist Template FAQs

Are the tasks in the Form 1099 checklist template accurate?
Yes, they are. We created our 1099 information returns series checklist template with feedback from bookkeepers and accountants like you. However, please review each task carefully and feel free to edit them to fit your firm’s unique needs.

Can I use the Form 1099 checklist template for all information returns series?
This checklist template is specifically for IRS Form 1099 series.

Can I use the 1099 series checklist template within the Financial Cents application?
Absolutely! In fact, that’s the better way to use and maximize this template. In Financial Cents, you can create a project from this checklist template, making it easy for you and every member of your team to get work done. Financial Cents also gives you a great overview of all client work and projects so you never miss another deadline.

 

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