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WorldSharp™ 1099 Preparation System
The WorldSharp™ 1099 Preparation System is used to import, enter, print and electronically report all 1099 forms. It has a robust data import capability. It prints data on preprinted forms or prints data and forms on blank paper. It allows you to file electronically with the IRS. The single user version is $89.95 and electronic filing and every form except 1042-S is included with every system.
Supported Forms (Select form for details)
1099-INT
Interest Income
1099-INT forms are used to report taxable and tax exempt interest of $10 or more paid by a business, federal, state and local government agency. These may be also issued by a nominee/middleman handling those transactions.
Taxable original issue discount (OID) interest is not to be reported on a 1099-INT. That interest is to be reported on a 1099-OID form.
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