1099 Professional Services
Fee Structure
Offerings
Description
Fee Type
Invoice
Schedule
Fees
(USD)
1099
NEC, MISC, INT or DIV
Accounting Core™ & CoreSelect™– 1099 submission will be based on customer reviewed excel file
Copy B – printed and mailed to recipient
Copy B Image File – included if requested by January 15th (*fees may apply after the 15th)
Per submission
No less than monthly and on Per submission basis
$5.25
1099 Correction /
1099 Submittal after January 15th
Includes Copy B image file
Per submission
No less than monthly and on Per Property basis
$50.00
1096
Not required due to electronic filing
Postage
Mailing
Included
Additional Terms and Conditions
| Definitions | Capitalized terms used but not defined in this Order have the meanings set forth in the Terms. |
| 1099 Project Activities | Responsibilities of M3 and Customer are included in Schedule 1. |
| Services Term | One year from Effective Date subject to automatic renewal for subsequent one year terms unless Customer provides sixty (60) day notice of non-renewal before the start of next Term. |
| Terms | Offerings are subject to M3 Terms of Use, Privacy Policy, and M3 Professional Services Addendum available at www.m3as.com/legal or other URL that may be provided by M3. |
| Additional Terms | Customer is solely responsible for accuracy of data. Submissions after required date is not guaranteed to be e-filed prior to IRS deadline |
Calendar of Important Dates
| Friday, January 3rd, 2025 | Excel reports delivered to Customers for review via sharefile |
| Wednesday, January 15th, 2025 | Customer uploads final file to customer 1099 ShareFile folder once reviewed |
Customer Responsibilities:
- Customer are solely responsible for the information reported on the 1099 forms.
- Determine the recipients of Customer 1099’s.
- Gather the correct required information from those recipients.
- Update and maintain that information through the M3 Accounting Core™ application.
- Through the Combined Federal/State Filing (CF/SF) Program (https://www.irs.gov/e-file-
providers/combined-federal-state-filing-cfsf-program-state-coordinator-information-faqs), the
IRS forwards information related to Form 1099 to participating states therefore separate
reporting to those states is not required. It is the Customer’s responsibility to determine and
fulfill the reporting requirements of the states the Customer operates within. - If the amounts generated for the 1099 in Accounting Core are not correct and require an
amount override after filing, Correction charges apply. This could be due to vendor payments
made outside of the Accounting Core application, customers not using the Accounting Core
application for the entire year of 2024, backup withholding reporting, etc. - Execution of this Order grants M3 permission to access data needed to produce 1099 Review
Report and to facilitate creation of 1099’s by a Third Party using secure file transfer methods. - The Customer agrees and adheres to the dates outlined in the Calendar of Important Dates, not
holding M3 liable for any late fees / penalties as a result of Customer failing to adhere to the
Calendar of Important Dates.
M3 Deliverables:
- M3 will perform the services for a fee as outlined in the above Fee Structure.
- M3 will prepare, from information provided through the M3 Accounting Core application,
Federal Forms 1099-NEC, 1099-MISC, 1099-DIV and/or 1099-INT for the tax year 2024. - M3 will supply Customer with an Excel file prior to filing with the pending 1099 information for
review purposes. - M3 will facilitate the filing of 1099’s with the IRS and will supply the 1099 recipient with Copy B
by the published deadline dates. - M3 will provide Customer with an electronic 1099 Copy B if requested by January 15th.
Outside of Scope:
- M3 will not audit or review any information you provide to us in the preparation of these forms.
- M3 does not file 1099 information with any states.
- M3 has no responsibility for any penalty that may arise from a customer’s failure to provide
correct or timely information. - M3 does not participate in any research required due to the customer receipt of IRS Form CP-
2100A, (notice of missing or incorrect TINs), subsequent required issuance of First or Second B
Notices, or decisions/tasks related to initiating backup withholding.