ASAP 1099 Processing
Find more time by letting ASAP assist with processing those pesky 1099s! If you paid independent contractors, you may be required to file 1099-NEC Forms by January 31 to report nonemployee compensation to the IRS. The ASAP 1099 Team can also tackle your 1099-MISC, -INT, -DIV and 1042-S Forms.
3 Steps to Get Started
STEP 1: Complete ASAP‘s 1099 Processing Application
An application must be submitted each year to authorize 1099 services, even if we previously processed 1099s for you. An ASAP 1099 Coordinator will review your application and be in contact. Keep an eye on your inbox in case they have any questions.
STEP 2: Complete ASAP‘s 1099 eSheet(s)
After your application is processed, we’ll send you links to download applicable 1099 eSheet templates for inputting vendor information.
Need help? If you’re an ASAP accounting client, we may be able to prepare your eSheets at a rate of $109.50 per hour. To ensure on time filing with the IRS, the request for ASAP to complete eSheets on your behalf must be made by January 20th.
- NOTE: We can only complete eSheets for ASAP accounting clients. If you only use ASAP’s 1099 services, we’ll send you the 1099 eSheet templates and instructions on how to add payee data to the spreadsheet. If ASAP processes your payables, you do not need to complete 1099 eSheets. However, we still require your authorization and approval to file 1099s on your behalf.
STEP 3: Upload Completed 1099 eSheet
Do NOT send files via email. Your 1099 eSheet contains sensitive information – this is for your protection!
To avoid additional fees:
- Obtain ALL vendor/recipient information BEFORE submitting your eSheet. It’s your responsibility to submit complete, accurate information.
- Don’t submit duplicate recipient data. Only submit additional recipient data on subsequent eSheets.
IMPORTANT DEADLINES
January 10, 2025 — 1099 Authorization Deadline for 2023 Services
Submit 1099 Processing Services Application by January 10 to ensure filing by IRS deadlines for 2023
January 22, 2025 — Completed 1099 & 1042-s eSheets Due to ASAP
If reporting nonemployee compensation, submit your eSheets as early as possible to allow time for review and approval prior to the firm IRS deadline of January 31 for 1099-NEC filing.
January 31, 2025 — IRS Deadline to File 1099s for Nonemployee Compensation
With your approval, ASAP will submit 1099-NEC forms to report nonemployee compensation to the IRS, as well as provide copies to recipients.
February 28, 2025 — IRS Deadline to File All Other 1099 & 1042-s Forms
With your approval, ASAP will submit 1099-MISC, DIV, INT and/or 1042-s forms to the IRS, as well as provide copies to recipients.
Note: eSheets submitted after the ASAP due date may result in late filing and incur associated fees.
1099 PROCESSING PRICING
The 1099 Processing base fee includes electronic filing with the IRS, mailing recipient copies, and a PDF report with copies of all 1099s processed for your files. Additional fees may apply for 1099s that require state reporting.
1099 Processing: $50 base fee per eSheet plus $7.50 per 1099 filed
State 1099 Filing: While most states receive 1099 information from the federal government, some require direct 1099 filing. Please note the following fees for 1099s that require state filing:
- 1099 State E-File: $1.75 per 1099 processed via electronic submission
- 1099 State Paper File: $50 base fee plus $7.50 per state 1099 that requires submission via mail
ASAP 1099 eSheet Completion Service: $125/hour
Note: We can only complete eSheets for ASAP accounting clients. If you only use ASAP’s 1099 services, we’ll send you the 1099 eSheet templates and instructions on how to add payee data to the spreadsheet.
Form 1042 Processing: $40/form
Amendments & Corrections: $45 base cost per batch of changes + $7.50 for each corrected 1099 in the batch (includes form fees, mailing to recipients, and agency reporting)