The Form 1099 Composite Skill extracts key data from Form 1099 Composite documents. A 1099 Composite is a consolidated statement listing multiple 1099 Forms that have been issued by a financial institution to the taxpayer. Most often the forms listed together on 1099 Composite are Forms 1099-DIV, 1099-INT or 1099-B.

The Form 1099 Composite Skill has been trained on a smaller set of documents. The most important data fields are defined and labeled. Customers can use this preview skill as a starting point to label additional required fields, for further training the skill based on incoming documents, or to adjust business rules to their own requirements.

• Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
• Preview Document Skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most preview skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Preview skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
• The model automatically detects key fields on Schedule E (Form 1040) documents and extracts relevant data (fiscal year, taxpayer's name, SSN etc.). For a full list of extracted fields, please see the skill documentation.
• Includes validation and data normalization rules. Further business rules can be added as required.
• Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
• Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.