Problems
What will AGI do for Form 1099 Tax Reporting?
Finance teams at high-volume marketplaces and mid-sized enterprises spend hundreds of hours manually categorizing contractor and vendor payments to generate Form 1099s. Throughout the fiscal year, companies accumulate unstructured payment data across disparate payment gateways, expense management tools, and core ledgers. When tax season arrives, these teams manually reconcile this data to determine which payees crossed the reporting thresholds and require a 1099-NEC or 1099-MISC.