1099 Forms › Best 1099-R Software for Insurance Companies
At a Glance
What is the Best 1099-R Software for Insurance Companies?
Insurance carriers file 1099-R forms to report distributions from annuities, life insurance policies, and pension products. The best 1099-R software for insurance companies handles high volumes, provides proper distribution code validation, and integrates with policy administration systems.
BoomTax is trusted by insurance carriers for 1099-R compliance. Our platform handles the volume and complexity of insurance distribution reporting with enterprise-grade security.
Why Insurance Companies Choose BoomTax
- High-Volume Processing: Handle thousands to hundreds of thousands of 1099-R forms.
- Distribution Codes: Proper validation for all IRS distribution codes.
- SOC 2 Certified: Enterprise security for financial industry requirements.
- TIN Validation: Verify recipient SSN/TIN data before filing.
- IRS FIRE Filing: Direct electronic filing to IRS.
- Recipient Copies: Print, mail, or provide online access to statements.
Insurance 1099-R Distribution Types
Common Distributions
- Code 7: Normal distribution (annuity)
- Code 1: Early distribution (before 59½)
- Code 4: Death benefit
- Code 6: Section 1035 exchange
Additional Codes
- Code 3: Disability
- Code D: Annuity under 403(b)
- Code T: Roth distribution
- Combined codes (e.g., 1D, 7T)
1099-R Key Fields
- Box 1: Gross distribution amount
- Box 2a: Taxable amount
- Box 4: Federal income tax withheld
- Box 7: Distribution code(s)
- Box 9b: Total employee contributions
All Features Included
Purchasing any BoomTax package will give you everything you need to complete your filing.
This includes:
- Federal E-File
- State E-File (ACA and 1099 CF/SF)
- Recipient Copy Download as PDF
- Official IRS Copy Download as PDF
- Unlimited Corrections
Bulk Import
Import many companies in one spreadsheet to simplify data input.
Data Validation
We validate your data against hundreds of IRS rules.
Hands Off E-File
No IRS registration or testing required.
Free Corrections
Make as many changes as needed for free.
How Insurance Companies File with BoomTax
Import Your Data
You can import your data as Excel, XML, or use files from popular payroll providers like QuickBooks, UKG, ADP, and many more.
Step-By-Step Wizard
We walk you through the process with no complicated jargon. You can also live chat with a real person as you work on your filing for hands-on help.
E-File & Mail Employee Copies
Once your data is loaded, you can e-file and distribute employee copies in minutes.
Frequently Asked Questions
Dedicated to simplifying complex IRS regulations for employers, with expertise in ACA, 1099, and W-2 compliance.
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BoomTax and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors prior to engaging in any transaction.