Companies used to face lots of problems in filing their taxes to the internal revenue service earlier. Manual processing of taxes require more time and money due to complicated process involved. It is difficult for companies having large employees and involving in various transaction during the year. The detail of income should be shown to IRS and process taxable income was not easy. Accountants and taxpaying softwares need to be installed in computer. But now, e-file 1099-int form to show the interest paid by companies to financial institute. Money taken by companies to run their business should be returned with interest at the end of year should be shown in tax statement. It helps them to get sp ... Read more »