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.
With Docsumo, free up your essential resources by automating 1099 form processing with 99% accuracy.
You can easily add, delete and move any field.
Federal Income Tax withheld
Fishing Boats Proceeds
Medical and health care payments
Crop Insurance Proceeds
Foreign Tax Paid
Excess Golden Parachute Payments
State Income Tax Withheld
Get a free ROI report and see the impact of your document automation project.
Build an automated tax filing solution within minutes. Scan 1099 forms and extract information in real-time without needing technical skills or coding.
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.
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 preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
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.
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!