Skip to main content
Version: 1.7.3

Generate 1099

When you record payouts using the Form1099Transactions endpoints, TaxBandits stores the transaction data throughout the year. Based on these recorded transactions, you can generate the applicable 1099 filings for recipients who meet the reporting threshold at the year-end.

TaxBandits provides multiple ways to generate 1099 forms from the stored transaction data, depending on your workflow and level of automation.

Generate Using TaxBandits UI (Retail Application)​

You can log in to the TaxBandits account and generate 1099 forms based on the transactions recorded through the API. Here is how:

  1. Log in to TaxBandits: https://secure.taxbandits.com/login
  2. From the dashboard, view the list of payers (businesses) added to your account.
  3. Click View next to a payer to see the associated recipients and their recorded payout totals.
  4. Review the transactions recorded for each recipient.
  5. Click Generate 1099s to create the applicable forms.
  6. After generation, you can:
    • Review the forms
    • Approve the returns
    • Transmit the forms to the IRS and State agencies (if selected)

Once transmitted, recipient copies will be distributed based on the delivery options configured.

Auto-Generate Forms​

You can request TaxBandits to automatically generate 1099 forms based on the transactions recorded for your recipients.

When auto-generation is enabled:

  • TaxBandits aggregates the transaction data.
  • Applicable 1099 forms are generated automatically.
  • You can review and approve the generated forms before they are transmitted.

This option helps streamline the filing process when transactions are recorded continuously throughout the year.

Generate Forms Using API​

As an alternative to the above methods, you can generate forms programmatically using the GenerateFromTxns endpoint of the corresponding 1099 form type.

With this approach, your application can:

  • Generate 1099 forms directly from recorded transaction data
  • Automate year-end reporting workflows
  • Integrate form generation into your existing system

Key points​

  • Only transactions recorded through the Form1099Transactions endpoint will be used for generating forms.
  • Transactions must include valid payer and recipient identifiers.
  • Forms should be reviewed and approved before transmission to ensure accuracy.
  • Generated forms can be transmitted to the IRS and State agencies and distributed to recipients through TaxBandits.