Track1099 vs E-File Magic Detailed comparison features, price

Track1099

Track1099 is a cloud-based platform designed to simplify the process of e-filing IRS 1099 forms, W-2s, and related tax documents for businesses of all sizes. The tool allows the secure import of recipient data via CSV files or a straightforward API, providing tight integrations with leading accounting software like QuickBooks Online, Xero, and Bill.com. Users can handle one or thousands of forms through a single account, ensuring compliance through IRS-approved protocols and state e-filing support for select jurisdictions.

Security is prioritized with PCI-compliant payment processing, 256-bit SSL encryption, two-factor authentication, and third-party audits. Track1099 facilitates e-delivery of forms to recipients, enables easy corrections, manages W-9 requests with e-signatures, and protects data integrity with encrypted backups. The solution supports unlimited colleagues for collaborative workflow and includes robust tools for address verification and TIN matching, making tax season efficient and stress-free for enterprises, tax professionals, and small businesses.

E-File Magic

E-File Magic is a cloud-based platform specialized in simplifying the creation, management, and electronic filing of IRS forms such as 1099, 1098, 5498, W-2G, and 1097. The service allows users to import data via Excel, QuickBooks, or Xero integration, ensuring efficient bulk processing and high accuracy for a wide variety of IRS form series. Users benefit from included services like combined federal/state e-filing, e-delivery, and secure PDF form creation, with optional add-ons including print & mail and TIN (Taxpayer Identification Number) matching.

E-File Magic prioritizes data security, featuring SOC 2 compliance and robust AES-256 encryption to protect sensitive taxpayer information. The platform is CPA-friendly, supporting unlimited filers and recipients, and continuously updates supported forms to meet evolving reporting requirements. With a straightforward interface and dedicated support, E-File Magic aims to make year-end tax reporting both simple and secure for organizations of all sizes.

Pricing

Track1099 Pricing

Usage Based

Track1099 offers Usage Based pricing .

E-File Magic Pricing

Paid

E-File Magic offers Paid pricing .

Features

Track1099

IRS-Approved E-Filing: Submit 1099 forms and other IRS documents electronically to both federal and select state agencies.
CSV and API Import: Seamlessly add form data using CSV templates or via the platform's simple API.
Accounting Software Integration: Connect with platforms such as QuickBooks Online, Xero, and Bill.com for streamlined workflows.
Secure E-Delivery and Corrections: Enable encrypted e-delivery to recipients, confirm receipt, and handle e-corrections automatically.
Collaborative User Management: Allow unlimited colleagues, assigning specific payers for optimized collaboration.
W-9 Management: Request, collect, and manage W-9, W-4, W-8BEN, and other forms with e-signature capability.
State E-File Support: Participate in the IRS Combined Federal/State Filing program for select states.
Advanced Security: PCI-compliant payments, SSL encryption, two-factor authentication, and annual third-party audits.
Address Verification & TIN Match: Built-in tools for TIN match and address verification services.
Year-Round Access: File, correct, and access documents anytime, including for prior years.

E-File Magic

Bulk Data Import: Supports importing data via Excel, QuickBooks, or Xero for efficient form preparation.
Comprehensive Form Support: Handles a broad selection of IRS forms, including 1099, 1098, 5498, W-2G, and 1097.
E-Filing & E-Delivery: Enables direct electronic filing to the IRS and electronic delivery to recipients.
PDF Form Generation: Creates encrypted, downloadable PDF forms for each submission.
Print & Mail Optional Service: Provides an option for mailing paper copies directly to recipients.
TIN Matching Service: Offers bulk TIN matching to reduce filing errors and penalties.
SOC 2 Compliance: Ensures data security through regular audits and industry-standard practices.
AES-256 Encryption: Employs advanced encryption for sensitive data both at rest and in transit.
CPA-Friendly Workflow: Allows multiple filers and unlimited recipients, suitable for accounting professionals.
No Commitment Free Exploration: Lets users explore the platform before registration requirements.

Use Cases

Track1099 Use Cases

E-filing 1099, W-2, and related IRS forms for businesses and accounting firms
Managing and tracking vendor W-9 and W-8BEN submissions with digital signatures
Collaborative document workflow for teams handling high volumes of recipient data
Importing tax forms directly from integrated accounting software
Streamlining compliance and reporting for enterprises operating in multiple states
Secure distribution of tax documents to independent contractors and employees
Enabling tax professionals to manage multiple client accounts efficiently
Automating corrections and recipient address verification for IRS reporting

E-File Magic Use Cases

Filing bulk 1099 forms for contractors or vendors via QuickBooks or Excel import.
E-filing IRS-required forms for year-end tax compliance.
Distributing encrypted PDF tax forms electronically or via mail to form recipients.
Ensuring TIN compliance with bulk TIN matching to minimize IRS penalties.
CPA or accounting firm preparing and filing forms for multiple clients.
Generating IRS-ready copies of all submissions for tax records.
Automating repetitive tax filing workflows for mid to large-sized organizations.

FAQs

Track1099 FAQs

Is Track1099 approved by the IRS for e-filing?

Yes, Track1099 is IRS approved for electronic filing of supported tax forms.
Can I use Track1099 to collect W-9 forms digitally from my vendors?

Yes, Track1099 allows you to request, collect, and manage W-9 submissions online with e-signature functionality.
Does Track1099 support integration with accounting platforms?

Track1099 integrates with QuickBooks Online, Xero, Bill.com, and provides a NetSuite bundle for seamless data workflow.
How are recipient tax documents delivered?

Tax documents are delivered via secure, encrypted e-delivery with confirmation of receipt and support for postal mail if needed.
What security measures does Track1099 implement?

Track1099 employs 256-bit SSL encryption, PCI compliance, two-factor authentication, encrypted backups, and annual third-party audits for robust data security.

E-File Magic FAQs

Which IRS forms are supported by the platform?

E-File Magic supports a wide range of forms, including the 1099, 1098, 5498, W-2G, 1097, 3921, 3922, and more.
How can I import my filing data?

You can import your data from Excel spreadsheets, QuickBooks Desktop or Online, or directly from Xero using the provided templates and integration tools.
Is my data secure on the platform?

Yes, E-File Magic is SOC 2 compliant and uses AES-256 encryption to secure sensitive information both at rest and in transit.
Can I print or mail the forms through E-File Magic?

Yes, you can either print encrypted PDFs yourself or choose the optional Print & Mail service for direct recipient delivery.
Is there a free trial or demo to explore the platform?

The cloud software is free to explore without any commitment or need to register initially.