8949 VERIFIER LETS YOU EXAMINE YOUR CLIENT’S IRS FORM 8949 INSTANTLY FOR ACCURACY
This value-added service offering will help save your clients from IRS fines for inaccurate cost basis reporting.
8949 Verifier™ BENEFITS

Quickly and effortlessly verify the accuracy of your client’s Form 8949 prior to filing.

Provides tax professionals with an unprecedented opportunity to expand their business offerings to include 1099-B verification and 8949 reporting.

Innovative design contains color-coded alerts that indicate varying degrees of deviation from accurate cost basis calculations for the selected securities.

Adjust inaccurate cost basis for “covered” or “non-covered” to the correct value on form 8949.

Populate, verify and export accurate form 8949 to the revised Schedule D.

Powered by the award-winning Netbasis cost basis application.

1099-B DIGITAL CONVERTER

Auto-connect to a brokerage firm’s database files utilizing existing API protocols and then securely transmit with the client’s authenticated permission through an alphanumeric identifier.

Convert paper 1099-B data in PDF format into Excel using (ABBYY) OCR software.

Auto data map 1099-B data in Excel into structured template using Excel Macro features

Verify your client’s 1099-B information submitted

Export verified information to complete 8949 and Schedule D forms or upload into tax accounting software

8949 VERIFIER BATCH SERVICE
Through a secure file transmission, a client’s 1099-B and supporting information, such as realized gain/loss reports and previous wash sales, are simply and securely transmitted. The 8949 Verifier Batch Service then verifies the accuracy of corporate actions and historical pricing adjustments on the 1099-B. The service also provides the cost basis for missing and non-covered securities, gifted and inherited securities and wash sale verification.

 

8949 Verifier Batch Service can quickly convert, verify, apply adjustments and prepare an accurately completed 8949 and Schedule D Form in both PDF and electronic formats. An analytical report provides adjustment exceptions, tax-savings strategies and an audit trail to support calculations.

Interested in the 8949 Verifier™?