Convert 1099 Form to NDJSON

The 1099 Form is used to report various types of income other than wages, salaries, and tips. Our system can pull structured data from different types of 1099 forms (like 1099 MISC, 1099 INT, 1099 DIV) whether they are PDFs or scanned images.

We can extract these main parts:

• Payer name, address, and Tax Identification Number (TIN)
• Recipient name, address, and TIN
• Type of 1099 form
• Tax year
• Various income amounts (like nonemployee compensation, interest income, dividends)
• Federal income tax withheld

This is really useful for:

• Tax reporting for independent contractors and freelancers
• Tracking investment income
• Checking accounts payable
• Preparing for and supporting audits

By pulling data from 1099 forms, you can make tax preparation easier, ensure accurate reporting of various types of income, and easily add this information to accounting and financial management systems.

NDJSON (Newline Delimited JSON) is a format where each line is a valid JSON object, making it easier to process large datasets sequentially.

Technical Details

Each line in an NDJSON file is a complete, self-contained JSON object ended by a newline character. This allows for streaming processing without loading the entire file into memory.

Advantages

• Streaming-friendly for large datasets
• Easy to append new records
• Each record can be processed independently
• Simpler to parse than JSON arrays for large datasets

Limitations

• No support for cross-record references
• Less widely supported than standard JSON
• Each line must be a complete JSON object
• Not suitable for deeply nested relationships