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How Start-Up TPAs Benefit from 1099 Corrections

How Start-Up TPAs Benefit from 1099 Corrections

Launching a Third-Party Administrator (TPA) is an exciting endeavor, but it also comes with a long list of regulatory and operational responsibilities. Among these is the complex and often overlooked task of ensuring accurate 1099 reporting to the IRS. For start-up TPAs, navigating this process can be especially daunting. That’s where BASELoad’s 1099 Corrections comes in—a solution designed to help TPAs avoid penalties, streamline compliance, and focus on growth.

The Challenge of 1099 Reporting for Start-Ups

Every payer, including TPAs, is required to file accurate 1099s each year. Errors—such as missing or incorrect Taxpayer Identification Numbers (TINs) or mismatches between legal names and tax IDs—can trigger IRS CP2100 notices, and even hefty proposed penalties, like a 972CG.

For a start-up TPA, these errors can be costly, both financially and reputationally. New TPAs often have limited internal staff and resources, making it difficult to track W-9 documentation, issue corrections, and keep up with shifting IRS requirements.

Why 1099 Corrections Matters

1099 Corrections simplifies and safeguards the reporting process by proactively identifying, managing, and correcting errors before they become a liability. By partnering with a trusted solution like BASELoad’s 1099 Corrections, TPAs can avoid unnecessary stress and keep their compliance efforts on track.

Here are a few ways all TPAs benefit from implementing 1099 Corrections:

  • Avoid IRS Penalties: Minimize the risk of fines by ensuring up to 99% of TIN and legal name mismatches are identified and corrected early.

  • Stay Compliant: Meet IRS deadlines and requirements with ease, even if you’re new to the complexities of 1099 reporting.

  • Build Credibility: Establish trust with clients by demonstrating your commitment to accuracy and compliance from day one.

  • Scale Confidently: As your TPA grows, 1099 Corrections grows with you, offering scalable solutions that prevent compliance issues from becoming bottlenecks.

How BASELoad Helps Start-Up TPAs Succeed 

At BASELoad, we know the challenges TPAs face—especially when they’re just getting started. That’s why we developed 1099 Corrections, a proven approach to help healthcare payers, including TPAs, maintain clean, compliant records year-round. Our 1099 Corrections solution reduces the risk of facing IRS fines due to TIN/Legal Name mismatches, giving you peace of mind and a stronger foundation for growth.

Ready to protect your start-up TPA from compliance headaches?

Partner with BASELoad and let us assist with 1099 reporting, so you can focus on building your business with confidence.

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