Pull payer details, amounts, and TINs from every 1099 variant—NEC, MISC, INT, DIV, K—into structured spreadsheets without manual data entry.
Upload any document — PDF, scan, or photo — and get structured data back immediately. No setup, no templates, no waiting.
Audited controls over a sustained period, not a point-in-time check.
Bank-grade encryption at rest and TLS 1.2+ in transit.
Documents deleted within 24 hours. No copies retained.
Drag and drop files, connect a cloud drive, or set up email auto-forwarding. Any file format works—PDF, JPEG, PNG, TIFF, or digital documents.
The AI identifies fields by context and meaning, not fixed coordinates. Names, dates, amounts, and custom fields are extracted automatically.
Get structured output in Excel, Google Sheets, CSV, or JSON. Use the REST API for direct integration into your systems.
“We receive over 800 different 1099 forms each January from various financial institutions. Automated extraction turned a two-week manual process into a same-day operation.”
“The batch processing changed our workflow completely. We upload everything at once and get a single consolidated spreadsheet with all payer data mapped correctly.”
“Handling 1099-K forms from payment processors was always inconsistent. The AI reads Square, Stripe, and PayPal formats without any setup on our end.”
Businesses, investment firms, and accounting practices receive 1099 forms in dozens of variants. A single company might collect 1099-NEC forms from contractors, 1099-INT from banks, 1099-DIV from brokerages, and 1099-K from payment processors—each with different layouts and field positions. 1099 extraction automates the process of reading all these variants and converting them into structured data for tax filing and reconciliation.
The core difficulty with 1099 extraction is variant diversity. The IRS publishes over twenty 1099 form types, and each payer institution uses its own formatting for the same underlying form. A 1099-INT from one bank looks different from a 1099-INT from another. Template-based extraction tools require a separate configuration for each payer layout, which becomes unmanageable when processing forms from hundreds of financial institutions.
AI-powered 1099 extraction eliminates the template maintenance problem entirely. The extraction engine reads each form contextually, identifying payer name, recipient TIN, income amounts, and withholding figures by their semantic meaning rather than fixed coordinates. Lido handles every 1099 variant on the first upload without setup, and batch processing lets firms extract data from hundreds of forms in minutes rather than days.
For firms evaluating 1099 extraction solutions, key criteria include support for all 1099 variants, accuracy on institution-specific layouts, batch processing capability, and integration with tax preparation or accounting software. Lido provides all of these with SOC 2 Type 2 compliance and a REST API that returns structured JSON with confidence scores on every extracted field.
1099 extraction is the automated process of reading IRS 1099 forms and converting them into structured data. Lido supports all standard variants including 1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-K, 1099-R, 1099-B, and 1099-S, handling each variant without separate configuration.
AI-powered extraction reads each 1099 form contextually, identifying fields by meaning rather than position. This means a 1099-INT from Bank of America and a 1099-INT from Chase are both processed correctly without payer-specific templates.
Yes. Lido supports batch uploads of any size. You can drag and drop hundreds of 1099 PDFs or set up email auto-forwarding to process forms as they arrive. All results are consolidated into a single structured output.
AI-based 1099 extraction typically achieves 95 to 99 percent accuracy on standard forms. Confidence scoring identifies uncertain fields for human review, which is particularly useful for forms with handwritten corrections or low-resolution scans.
Extracted data can be exported to Excel, Google Sheets, CSV, or JSON. The REST API returns structured JSON with field-level confidence scores for integration with accounting and tax preparation systems.
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Built on Lido’s OCR engine
Built on Lido’s OCR engine
Built on Lido’s OCR engine
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