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.
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.
Standard fields that are extracted
You can easily add, delete and move any field.
Rents
Royalties
Other Income
Federal Income Tax withheld
Fishing Boats Proceeds
Medical and health care payments
Nonemployee compensation
Crop Insurance Proceeds
Foreign Tax Paid
Foreign Country
Excess Golden Parachute Payments
State Income Tax Withheld
State Number
Rents
Royalties
Other Income
Federal Income Tax withheld
Fishing Boats Proceeds
Medical and health care payments
Nonemployee compensation
Crop Insurance Proceeds
Foreign Tax Paid
Foreign Country
Excess Golden Parachute Payments
State Income Tax Withheld
State Number
Docsumo Advantage
Processing Time
Reduce turnaround time from hours to minutes.
Cost Reduction
Halve your cost of operations when processing 50k+ statements/month.
Accuracy
Reduce manual errors and get precise data
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
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
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 preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
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
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
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
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 preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
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
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
Fill up the form to speak with an automation expert.
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