If you hire a lot of contracted employees or seasonal workers for your business, the simplest way for you to file Information Return forms is to use an e-file provider like eFile360.
Between 1099s, 1098s, W-2s, and ACA forms, your business has a lot of Information Return forms to file with the IRS. Then you need to send copies to your contractors, vendors, former employees, employees, and more. It can be dizzying to create and send all these forms, but it doesn’t have to be.
Choosing to e-file with an e-file provider like eFile360 versus using a membership-based software or manually filling out page after page is the simpler, safer, time-saving option. Here are 5 reasons to use an e-file provider like eFile360:
- Save time with bulk upload & TIN Checking
- Save money on large orders
- No need to purchase software or a monthly membership
- Data backup
- Reduce paper waste
Save time with bulk upload & TIN Checking
The option to use our bulk upload service to create hundreds or thousands of forms at once isn’t available if you choose to manually fill out Information Return forms. This service allows you to ensure your data entry is accurate while also being much faster than manual data entry.
TIN Checking is also not available if you choose to manually fill out your forms or with some e-file software options. Only online e-file providers like eFile360 offer TIN Checking to save you from costly mistakes.
Save money on large orders
Most accountants that help you file your Information Returns do not offer discount pricing of any kind. E-file providers like eFile360 do offer volume pricing. This means each form you e-file could cost as little as $1.25 for E-File + Print & Mail or $0.75 for E-File Only when more than 1,000 forms are ordered. For the same order, each TIN Check costs $0.25.
No need to purchase software or a monthly membership
This is the main benefit of working with an e-file provider like eFile360. Many e-file providers require that you purchase software to download on your computer, which limits where you can access your data, especially if that computer needs repair.
Other e-file providers require that you purchase a monthly membership to use their e-filing services, and not only for the months you use the service; they often lock you into a year-long contract. These memberships are expensive and unnecessary for most businesses that only want to use their e-filing services.
eFile360 doesn’t require you to purchase or download any software. We don’t require or even offer a monthly membership. We do offer free, secure accounts that you can access at anytime online. In your account, you can create Information Return forms and reference already filed forms. When you place an order, then, and only then, are you charged for the services you ordered.
Based on IRS regulations, e-file providers like eFile360 can store customer data for 4 years. If you lose your Information Return form data on your computer for any reason, you can still access your uploaded and filed data within your eFile360 account. While this doesn’t solve all of your data backup problems if something were to happen to your company’s computer systems, it can relieve some stress around tax time.
If you need to look back at an old Information Return form for a contractor, you can easily look it up on your secure eFile360 account. If you work with the same contractors or vendors every year, you can repurpose last year’s forms to quickly develop this year’s forms.
Reduce paper waste
Arguably the biggest hassle when filing Information Returns, especially a large volume of them, is the paper involved. Printing, folding, stuffing, and mailing forms to the IRS and recipients is a time-consuming and often frustrating process. E-filing with an e-file provider reduces paper waste (and time waste) in many ways.
E-filing and delivery removes half of the paper waste by electronically filing your forms to the IRS. Then, with e-filing, you have the option to use e-delivery, which enables your recipients the option to view their form copies online and saving them digitally for their records.
Are you ready to save time, save money, and reduce your paper waste? Register for a free eFile360 account today.