Tax-record issues create more follow-up
Even after KYC/KYB checks, unresolved name/TIN mismatches can leave teams investigating corrections and doing merchant follow-ups.
Fintech
Reduce tax reporting overhead, not oversight
Helping fintechs take less time with information-reporting work. Manage tax reporting for payment settlements, digital assets, lending activity, and more, from validating tax records to filing federal and applicable state returns.
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$500B+Reported via Zenwork in TY2025
16Filing Seasons
99.99%Platform Uptime
50 StatesFiling Coverage
The work behind tax reporting adds up in January
Reporting preparation consumes specialist time
Manually preparing and validating 1099-K and other returns from transaction and customer records can take finance and tax specialists away from other priorities.
State filing obligations add more work
Teams have to check additional state obligations since states may have their own thresholds, withholding conditions, and direct filing requirements.
FIRE will stop accepting returns on November 19, 2026.
From the upcoming 2027 filing season onwards, IRIS will become the only intake system. Fintechs must transition to IRIS before the 2027 filing season. Zenwork already offers an established transmission route for information returns through IRIS since tax year 2024 under its own TCC.
Stop slowing your team down with manual tax reporting.
Earlier tax checks mean less filing rework.
Check name/TIN against IRS records and validate addresses through USPS checks early in the reporting process to find and resolve discrepancies early.
Merchant 48213TIN ***-**-6190
KYC/KYBComplete
IRS name/TINMismatch
USPS addressVerified
Spend fewer hours preparing reporting data.
Reduce the time spent on merchant and borrower data preparation by bringing records into Zenwork through bulk imports and secure file transfer.
Reporting data
Bulk importExcel/CSV
Secure file transfer
ZenworkMerchant & borrower records validated for 1099 filing
Maintain fewer filing workflows.
Give your teams fewer filing processes to maintain. Manage both federal transmission and supported state filing workflows through Zenwork.
Filing routes
ZenworkOwn IRIS TCC
Federal transmissionIRIS
Supported state filingWhere applicable
No repeated follow-up after submission.
Track form status and manage corrections. Use consent-based recipient eDelivery to spend less time sending copies and responding to requests.
Form status
1099-KAcceptedeDelivered
1099-INTCorrectionPending
1099-CAcceptedeDelivered
40+supported form types
- 1099-KPayment Settlements
- 1099-DADigital Assets
- 1099-CCanceled Debt
- 1099-INTInterest Income
- 1098Mortgage Interest
Embed 1099 Reporting
Add 1099 reporting without building filing infrastructure
Keep your customers' tax-reporting experience within your platform. Integrate Zenwork's supported APIs to bring tax-document collection, 1099 filing, status tracking, and recipient access into your product.
Northbeam Pay
Tax documents
1099 filing
Status tracking
Recipient access
ZenworkIRS filing infrastructure
Enterprise controls that fit fintech reporting.
Defined roles and accountability
Give clear ownership of filing tasks by assigning role-based permissions to team members. Use activity logs to record their actions.
Flexible data intake
Consolidate merchant, borrower, and account-holder data from different systems for reporting using bulk Excel/CSV imports, secure file transfer, or REST APIs.
Secure and reliable enterprise reporting
Maintain a secure and reliable tax reporting operation with SOC 2 Type II assurance, supported SSO, and 99.99% uptime.
Frequently asked questions
What triggers Form 1099-K reporting for fintech payment platforms?
Fintech payment platforms have to issue Form 1099-K depending on the payment arrangement and the entity responsible for reporting.
For third-party network payments, the federal reporting requirement applies when a payee receives $20,000 or more across more than 200 transactions in a calendar year. Payment-card transactions have no minimum federal reporting threshold. For state thresholds, please check with the relevant state tax agency since state requirements may differ.
Which tax information returns are relevant to fintech companies?
The information returns fintech companies have to use depends on their financial activities and reporting responsibilities.
Form 1099-K covers reportable payment settlement transactions; Form 1099-DA reports applicable digital-asset broker transactions; Form 1099-C reports qualifying canceled debt; Form 1099-INT reports certain interest payments; and Form 1098 covers reportable mortgage interest received.
How does FIRE retirement affect fintech information reporting?
Starting from the 2027 filing season, IRIS will be replacing FIRE as the only electronic intake system for information returns, previously filed through FIRE. Organizations that use FIRE for direct submissions must adapt to a new filing method and technical specifications since IRIS does not directly accept the legacy Publication 1220 format used by FIRE.
Zenwork helps filers file supported information returns on IRIS under its own Transmitter Control Code.
Do fintech companies need to file Forms 1099 separately with states?
Federal filing or acceptance does not automatically meet every state’s filing requirement. States have their own information-reporting requirements depending on the form, jurisdiction, and withholding.
Some state obligations are met through Combined Federal/State Filing, while others require direct-state filing, state-only reporting, or additional reconciliation. Zenwork supports these applicable filing routes, including direct state filing.
Can fintech companies integrate 1099 reporting into their existing systems?
Yes. Fintech companies can integrate 1099 reporting into their existing systems with Zenwork through bulk uploads, secure file transfer, or REST APIs. By doing this, fintech companies can connect their tax-document collection, filing, status visibility, and recipient-reporting workflows to their applications.
Let’s map your 1099 reporting requirements.
Whether you handle payment settlements, digital assets, lending, or a combination, let's find the right 1099 filing approach for your business with Zenwork.
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