Member Tax Statements

$500.00 / yearly

With our online tax forms offering your members tax forms will be made available to them right from within It’s Me 247 online banking alongside their account statements so they no longer need to contact you for a lost or misplaced form. In addition, we’ll make them available to your staff from within CU*BASE. This service is available to any CU using CU*Spy for member eStatements and CU’s with Release Managed In-house Vaults.

What You Get

  • We will load your member’s tax forms in CU*Spy so they are viewable to members via online banking (Excluding form 1099 MISC & 1042-S).
  • We will also load them in your In-House Vault if you are release managed.
  • We will retain them online for 3 years.
  • You can still get disks of your tax forms for longer term storage if desired (fees apply).

FAQ

Who can sign up?
This is available to anyone utilizing CU*Spy for hosting their member statements or anyone who hosts their own statements and also leverages CU*Answers Imaging Solutions release management service.

When will tax forms be placed online?
When forms are available to send to the print vendors, they will also be placed online. This happens in late January with the exception of the 5498s, which are placed online at a later date. 1099MISC forms will not be available online.

How long will you retain the forms online for members?
The forms will be accessible to staff and members for three years.

When and what forms?
The forms will be placed online when they become available to send to your print vendors. That happens mid-late January with the exception of 5498’s which are created in May. The following forms will be available to view:

  • 1098
  • 1099-C
  • 1099-R
  • 5498
  • 1098-E
  • 1099-INT
  • 1099-SA
  • 5498-ESA
  • 1099-A
  • 1099-Q
  • 5498-SA

NOTE: 1099-MISC forms will not be available online. it is not possible to display only certain types of tax statements or to shut off tax statements for individual members. When turning on tax forms it will be all tax forms listed for all members.

What does this service cost?
The price is $500 per year and is billed annually until your credit union elects to discontinue the service.

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