Form 1099

Automate form 1099 data extraction and speed up your tax filing

Process data from Form 1099 much faster with Docsumo’s intelligent OCR technology. Enjoy the benefits of improved accuracy and better turnaround time. Smooth data validation with minimal setup requirement.

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Form 1099

Challenge

Businesses use Form 1099 to report payments to rental property income, income from interest and dividends, independent contractors, and other miscellaneous income. Often they need to extract data from different sources and arrange in one place.

Manual data extraction makes it even more difficult as data not only needs to be captured but also needs to be structured after extraction. Only after that does the data become actionable and suitable for tax calculations. On top of that, manual data processing is prone to all kinds of manual errors.

Solution

With Docsumo, free up your essential resources by automating 1099 form processing with 99% accuracy.

With Docsumo, free up your essential resources by automating 1099 form processing with 99% accuracy.
Standard fields that are extracted

You can easily add, delete and move any field.

Income Details

Rents

Royalties

Other Income

Federal Income Tax withheld

Fishing Boats Proceeds

Medical and health care payments

Nonemployee compensation

Tax Details

Crop Insurance Proceeds

Foreign Tax Paid

Foreign Country

Excess Golden Parachute Payments

State Income Tax Withheld

State Number

Docsumo Advantage

< 30 sec
Processing Time
Reduce turnaround time from hours to minutes.
70%
Cost Reduction
Halve your cost of operations when processing 50k+ statements/month.
99%+
Accuracy
Reduce manual errors and get precise data

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Tell us where you are today
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This is what your document processing operations could look like tomorrow
Based on real benchmarks from Docsumo customers, this is what we project for you and your team.
80 %
Straight through
Processing
$ 0
Total Cost
Reduced
< 30 sec
Average
processing  time
0 hrs
Total time
saved
$300k
Projected ROI

Features

Build an automated tax filing solution within minutes. Scan 1099 forms and extract information in real-time without needing technical skills or coding.

Amazingly Fast Processing
Amazingly Fast Processing

It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.

Batch Uploads
Batch Uploads

Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.

Advanced Image Processing
Advanced Image Processing

Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.

Easily Download Data
Easily Download Data

Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.

Integrate with API or Webhooks
Integrate with API or Webhooks

Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.

Smart Filters
Smart Filters

Apply filters for dates, numbers and other regular expressions to extract data in desired format.

Watch Docsumo in action

We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!