Tax2efile Announces 1099 MISC, 1099-K & 1098 E-filing Services

(PRWEB) January 18, 2012

Tax2efile is an online tax filing service designed to help individuals and businesses to file their federal tax return and extension with IRS. There service enables users to file their tax electronically as well as by traditional paper filing.

Tax2efile is recognized as a leader in E-Filing Services. With and easy to use website and Live customer support from an experienced and well trained staff Tax2efile is always offering their customers the best experience possible.

In keeping with tradition Tax2efile is always pushing forward offering their customers new and innovative services designed to help individuals and businesses complete their tax filing needs.

New to these services is the e-filing of Form 1099-K and Form 1098 available at http://www.etax1099.com

Form 1099-K is used for the following:

A payment settlement entity (PSE) must file Form 1099-K , Merchant Card and Third Party Network Payments, for payments made in settlement of reportable payment transactions for each calendar year. A PSE makes a payment in settlement of a reportable payment transaction, that is, any payment card or third party network transaction, if the PSE submits the instruction to transfer funds to the account of the participating payee to settle the reportable payment transaction.

Use Form 1098, Mortgage Interest Statement, to report mortgage interest (including points, defined beginning on page 2) of $ 600 or more received by you during the year in the course of your trade or business from an individual, including a sole proprietor. Report only interest on a mortgage defined on this page.

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