1099 B Software : File 1099 Broker and Barter Exchange IRS Forms
If you are a broker, an obligor that regularly issues and retires its own debt obligations, a corporation that regularly redeems its own stock, barter exchange or some other financial institution you might be required by the United States Internal Revenue Service to file Form 1099-B, Proceeds From Broker and Barter Exchange Transactions.As a broker you must file IRS Form 1099-B for each person or entity for which you sold commodities, stocks, bonds, regulated futures contracts, foreign currency contracts, forward contracts or debt instruments for cash. As a barter exchange you must file Form 1099B for each person who exchanged property or services through a barter exchange.
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Our 1099 B Software prints the following copies on blank paper with black ink:
Copy B of Form 1099-B : For Recipient.
Copy C of Form 1099-B : For Payer.
Our 1099B Software prints ON the following official IRS laser forms:
Laser Copy A of form 1099 Broker and Barter Exchange: For Internal Revenue Service Center.
Laser 1096 form : Annual Summary and Transmittal of U.S. Information Returns.
Below is a screenshot of our 1099 Broker and Barter Exchange Software:
1099-B QuickBooks | 1099 Barter Exchange and QuickBooks
As of this writing the popular accounting software Intuit QuickBooks only supports 1099 MISC (Miscellaneous Income) forms. Our 1099-B software allows QuickBooks users import 1099 data and then map it into 1099-B forms with the ability to specify which box the money amount goes to. For example the user can remap QuickBooks 1099-MISC amounts stored under QuickBooks 1099-MISC Box 1 (Rents) into 1099-B Box 2 Stocks, bonds, etc. Barter exchange, brokers and other financial institutions that use QuickBooks to track 1099B payments can also W2 Mate software to print recipient copies (Copy B), IRS copies (Copy A), e-file through IRS FIRE System and much more.
Dynamics GP 1099B | Great Plains Form 1099-B
Many barter exchange companies, brokers, obligators and other financial companies use Dynamics, the popular accounting business solution from Microsoft, to track form 1099-B information including Date of sale or exchange, Date of acquisition Stocks, bonds, etc. Since Microsoft Dynamics (GP or SL) does not support printing and/or E-filing 1099B forms, our W2 Mate software can import data from MS Dynamics and then allow the user to print recipient copies on standard white paper, IRS federal copy A on pre-printed forms and if required generate 1099-B electronic filing submission for reporting electronically through IRS FIRE system at FIRE.IRS.GOV.