ASAP 1099 Processing Services FAQs
If you would like ASAP’s help to process 1099-MISC Forms, please complete our 1099 processing services application to get started. Our aim is to be a resource for all small businesses, and you do not need to be a current ASAP Accounting & Payroll client to use our 1099 processing services. We're here to help tackle those pesky 1099s so you can focus on your business and take back your weekends.
The following article describes FAQs pertaining to our 1099 processing workflow.
In this article
- What are ASAP's fees and deadlines for 1099 processing services?
- Do I fill out an individual E-Sheet per entity, or can they all go on the same one?
- Can I post both W-2s and 1099s on the same E-Sheet?
- Does ASAP release digital copies of 1099s to recipients?
- Where can I find copies of 1099s ASAP has processed?
- Will ASAP require copies of W-9 Forms?
What are ASAP's fees and deadlines for 1099 processing services?
You can always refer to ASAP's 1099 Processing page for a comprehensive overview of processing services and fees. As of December 2019, our fees for 1099 processing are as follows:
- Early Bird Pricing: $50 base fee + $5.50 per 1099 if your completed E-Sheet is received by ASAP BEFORE January 15
- $100 base fee + $5.50 per 1099 if your completed E-Sheet is received by ASAP ON or AFTER January 16
Our base fee includes one ASAP 1099 E-Sheet submission; each additional E-Sheet is $25. Fees include postage to recipients and electronic filing services. You will receive a PDF report of all 1099 copies processed for your files.
Note: Amendments and corrections are $45 per change (includes per form fees, mailing to recipients, and agency reporting).
The completed 1099 E-Sheet is due to ASAP by January 29 to ensure that 1099s are processed and filed by the IRS January 31 deadline.
Do I fill out an individual E-Sheet per entity, or can they all go on same one?
All 1099 recipients should be on the same E-Sheet. Please refer to the E-Sheet Instructions for information on how to complete each field correctly so we may file your 1099s accurately and on time.
Can I post both W-2s and 1099s on the same E-Sheet?
No. This E-Sheet is specifically for those (vendor) independent contractors who are NOT employees. Employees will receive their W-2 as a part of your W-2 processing service, which is separate from 1099 processing. (If ASAP provides payroll processing for your organization, W-2s are automatically filed as a part of your service with ASAP.) If you are not an ASAP payroll client, you should consult with your payroll processor.
Does ASAP release digital copies of 1099s to recipients?
Digital copies will be provided to YOU, as the PAYER, in a PDF format. You can then extract or print additional recipient copies as needed/requested. ASAP does not correspond with 1099 recipients directly.
Where can I find copies of 1099s ASAP has processed?
Once ASAP has processed your 1099s, you will receive an email to log into ASAP's ShareFile portal where you can access your 1099 files. ShareFile is a secure, online platform used to send/receive files; you should download files from ShareFile for your permanent recordkeeping and storage.
Will ASAP require copies of W-9 Forms?
We do not require W-9 copies; those forms are for your recordkeeping. Once you have entered the W-9 information into the 1099 E-Sheet, and in your accounting software, you can then store the W-9 accordingly.