New York 2012 Withholding Tables

The New York Department of Taxation and Finance released new withholding tables for NY State and Yonkers, effective January first 2012. The amendments change the payroll tax withholding tables in accordance with the NY income tax rate changes for tax years beginning after 2011 necessitated by Chapter 57 of the Laws of 2009, reflecting the return to the highest personal income tax return rate of 6.85 percent.

The amendments also reflect the implementation of the City of Yonkers 15 percent income tax surcharge on residents over a twelve-month period, rather than the shorter implementation period required for tax year 2011.

The New York state supplemental wage rate would be 7.65 percent, effective January 1, 2012, and the Yonkers supplemental wage rate would be 1.70975 percent, effective January 1, 2012.

Example based on the new 2012 withholding tables:
Weekly payroll, $400 gross wages, single, 3 exemptions
1. Amount from Table A is $191.90 for single, weekly payroll, 3 exemptions. $400 wages – $191.90 = $208.10 net wages.
2. Use Table II – A for single, weekly payroll. Look up $208.10 and use line 2 on which $208.10 is greater than Column 1 ($154) but less than Column 2 ($212).
3. $208.10 – $154 (from Column 3, line 2) = $54.10.
4. $54.10 x .0450 (from Column 4, line 2) = $2.43.
5. $2.43 + $6.15 (from Column 5, line 2) = $8.58. Withhold this amount.

 

Payroll Mate Best Value in Payroll Software

 

California 2012 Withholding Tables | CA 2012 SDI Rate | CA 2012 UI Rate | CA 2012 ETT Rate

California 2012 Personal Income Tax (PIT) Withholding

The California Employment Development Department (EDD) has issued new California payroll withholding tables Effective January 1, 2012. The department has updated METHOD A – WAGE BRACKET TABLE METHOD and METHOD B – EXACT CALCULATION METHOD.

Method A is limited to wages/salaries less than $1 million and provides a quick and easy way to select the appropriate withholding amount, based on the payroll period, filing status, and number of withholding allowances.

Method B, which is typically used by payroll calculation software, may be used to calculate withholding amounts either manually or by computer.

For 2012, the California tax rate will remain the same at 6.6% for supplemental wages and 10.23% for stock options and bonus payments. You can learn more about California payroll withholding rates by referring to DE 44 (California Employer’s Guide).

Payroll Mate Best Value in Payroll Software

 

California 2012 Unemployment Insurance (UI) Rate

The California UI taxable wage limit for 2012 is $7,000 per employee, per year. The UI tax rate for new employers is 3.4 percent (.034) for up to three years.* The UI tax rate for experienced employers varies based on each employer’s experience and the balance in the UI Fund. The 2012 maximum UI weekly benefit award is $450.

California 2012 Employment Training Tax (ETT) Rate

The California 2012 ETT rate is 0.1 percent (.001) of the first $7,000 per employee, per year.

California 2012 State Disability Insurance (SDI) Rate

The California  2012 SDI tax rate, which includes Disability Insurance (DI) and Paid Family Leave (PFL), is 1.0 percent (.01). The SDI taxable wage limit is $95,585 per employee, per year.* The 2012 maximum weekly DI/PFL benefit award is $1,011.

 

Peachtree 1099 R : Print Peachtree 1099-R | Peachtree 1099R Electronic Filing

 

Sage Peachtree users wanting to print 1099-R forms can use our 1099-R software to import, process, file, print and E-File IRS 1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.) forms.

The 1099 software ships with a unique and powerful wizard that can map input 1099 data stored inside Peachtree into 1099-R forms.

What the user needs to do is generate the 1099 Vendor report inside Peachtree and our software can take it from there. 

 

1099 R Software for IRS

 

How to print Peachtree 1099R Forms.

  • Start W2 Mate. If you do not have W2 Mate installed you can download a FREE trial from the 1099 software download page.
  • From the top menu inside W2 Mate select Import Data > From Sage Peachtree (1099 Data). This will start the Peachtree 1099 import wizard.
  • Follow the wizard instructions to generate and prepare the 1099 Vendor report inside Peachtree.
  • Load the 1099 Vendor report inside the W2 Mate import Wizard. Check the box “I would like to remap (re-assign) input 1099 data (leave this box unchecked to use input 1099 data AS IS)”. Under the “New 1099 form you would like Peachtree 1099 data be mapped to:” select “Form 1099-R Retirement”. Under the “1099 box you would like the money amount be mapped to” select the 1099-R box you want the money amounts go to (for example box 1 Gross distribution).
  • In the next step you will review the data and do any modifications you deem necessary. Once you are ready to do the import click “Next” and W2 Mate will import the data.
  • Now the Peachtree 1099 data is imported inside W2 Mate as 1099-R.
  • Now from the left toolbar inside W2 Mate select “1099 and 1098 forms”. This will take you to the 1099 / 1098 forms screen. Inside this screen you will be able to review the data in a screen identical to the 1099-R form from the IRS.
  • To print Peachtree 1099-R forms simply click the print button. This will bring up the “Print 1099 Forms” dialog. Select the recipients and type of copy. Remember that W2 Mate can print the following copies on white paper without the need for forms: 1099 R Copy B – To be filed with recipient’s federal tax income tax return, when required, 1099R Copy C – For Recipient’s Records, 1099-R Copy D – For Payer, 1099 R Copy 1 – For State, City, or Local Tax Department., 1099R Copy 2 – To be filed with recipient’s state income tax return, when required.
  • If you want to print copy A for the IRS, then you will need to feed the printer with 1099-R laser forms or pre-printed forms and then select “Print data only on a preprinted Red-ink Laser form [Copy A for For Internal Revenue Service Center]”.
  • That’s it you are done printing Peachtree 1099-R Forms.

 

Please note that the above steps also apply if you want to print Peachtree 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR or 1099-OID.

How to E-File Peachtree 1099-R Forms (Peachtree 1099-R Electronic Filing).

  • If you have not imported the 1099 data from Peachtree as 1099-R yet, then you need to start by doing that (follow the steps from 1 to 6 above).
  • Now from the top menu inside W2 Mate select E-Filing and select 1099-R forms. You will use this dialog to create the electronic Federal 1099-R E-file.
  •  In the dialog that comes up you will need to enter the transmitter information and the company information. You will also need to enter the TCC code (Transmitter Control Code) which is assigned to you when you register to file electronically with the IRS FIRE system. Once you enter all the information click OK to generate the file.
  • Now point your browser to http://fire.irs.gov to connect to the FIRE System.
  • If this is the first time you log into the IRS FIRE system then Click “Create New Account” and follow the instructions on the screen.
  • If you have logged on previously Click “Log On”, Enter your User ID, Enter your Password and “Click here to continue”.
  • Click “Send Information Returns”.
  • Enter your TCC. Enter your TIN. Click “Submit”. Click “Browse” to locate the file generated in step 3 above and open it. Click “Upload”. When the upload is complete, the screen will display the total bytes received and display the name of the file just uploaded. It is your responsibility to check the acceptability of your file. If you do not receive an e-mail in 1-2 business days or your e-mail indicates the file is bad, log back into the FIRE system and click on CHECK FILE STATUS to view the results of your file.
  • That’s it you are done E-Filing Peachtree 1099-R Forms.

Please note that the above steps also apply if you want to E-File Peachtree 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR or 1099-OID.

Start printing Peachtree 1099-R forms today, download our FREE 1099 software demo. You can purchase our software and receive instantly.

W2 Mate Best Value in W2 1099 Software

 

How to import 1099 DIV forms into 1099 DIV Software

Step by Step instructions on how to import 1099-DIV data from CSV or Excel file.

Our 1099 DIV Software can import recipient information, 1099 DIV amounts and other form 1099-DIV boxes from CSV format. CSV (comma separated value) is the most common format used in order to transfer data between different types of databases. Most software and database applications will allow you to export 1099 data into CSV format, which can then be imported into W2 Mate. If your software exports data to Microsoft Excel format, you can save the Excel file as CSV (Comma Delimited) and then do the import into W2 Mate.

W2 1099 Software FREE

(1) Go to Import Data>> 1099-Div Forms (CSV – Excel).

(2) Select the character that is used to separate data categories (columns). The default value should be OK in most cases.

(3) Select the character that is used to enclose strings. The default value should be OK in most cases.

(4) Select the input 1099 DIV text or CSV file you are trying to import.

(5) Once you select the input file you should see a preview for the contents of the file (1099 DIV data columns).

(6) Map the data by clicking with the Left mouse on each of the columns.

(7) Once you have defined all the required fields, hit the Import button to import the new data.

 

Field Name Notes Example
Recipient’s Identification number This is a mandatory field.Text field, maximum 11 characters long. 652-45-7888
Recipient’s Name (Line One) This is a mandatory field.Text field, maximum 38 characters long. John Doe
Recipient’s Name (Line Two) Text field, maximum 38 characters long.
Recipient’s Address1 Text field, maximum 30 characters long. South Orange Drive
Recipient’s City Text field, maximum 20 characters long. Banana Town
Recipient’s State Must be one of the following:AA, AC, AE, AK, AL, AP, AR, AS, AZ, CA,CO, CT, DC, DE, FL, GA, GU, HI, IA, ID, IL,

IN, KS, KY, LA, MA, MD, ME, MI, MN, MO,

MP, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY,

OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA,

VI, VT, WA, WI, WV, WY

IL
Recipient’s Zip Code Text field, maximum 11 characters long. 25201
Account Number Text field, maximum 12 characters long. 652-999
Box 1a (Total ordinary dividends) Numeric field (shouldn’t include any non-numeric characters like a “,”). 5666.26
Box 1b (Qualified dividends) Numeric field (shouldn’t include any non-numeric characters like a “,”). 5721.38
Box 2a (Total capital gain distr.) Numeric field (shouldn’t include any non-numeric characters like a “,”). 5776.5
Box 2b (Unrecap. Sec. 1250 gain) Numeric field (shouldn’t include any non-numeric characters like a “,”). 5831.62
Box 2c (Section 1202 gain) Numeric field (shouldn’t include any non-numeric characters like a “,”). 5886.74
Box 2d (Collectibles (28%) gain) Numeric field (shouldn’t include any non-numeric characters like a “,”). 5941.86
Box 3 (Nondividend distributions) Numeric field (shouldn’t include any non-numeric characters like a “,”). 5996.98
Box 4 (Federal income tax withheld) Numeric field (shouldn’t include any non-numeric characters like a “,”). 6052.1
Box 5 (Investment expenses) Numeric field (shouldn’t include any non-numeric characters like a “,”). 500.00
Box 6 (Foreign tax paid) Numeric field (shouldn’t include any non-numeric characters like a “,”). 6162.34
Box 7 (Foreign country or U.S. possession) Numeric field (shouldn’t include any non-numeric characters like a “,”). 6217.46
Box 8 (Cash liquidation distributions) Numeric field (shouldn’t include any non-numeric characters like a “,”). 6272.58
Box 9 (Noncash liquidation distributions) Numeric field (shouldn’t include any non-numeric characters like a “,”). 6327.7
2nd TIN not. This field can either be 1 or 0.1 means the check box is checked and 0, means it’s unchecked. 0

 

If you are trying to import 1099 DIV from QuickBooks, Great Plains, Microsoft Dynamics, DacEasy or Sage Peachtree you can use the import wizards specific for each software. 

 Start printing form 1099 DIV today, visit our 1099 software page.

1096 2010 | Form 1096 2010 | 2011 1096 Software | 1096 E-File 2010

Businesses and tax professionals can use our 2010 / 2011 1096 software to print 2010 1096 forms and electronically file 1099 1096 forms with the IRS. 1096 2010 needs to be mailed to recipients before February, 28 2011. Please click the button below to download a FREE 1096 software demo:

W2 1099 Software FREE

File 2010 Form 1096 with Forms 1099-MISC, 1099-INT, 1099-DIV and 1099-R by February 28, 2011.

If your principal business, office or agency, or legal residence in the case of an individual, is located in Alabama, Arizona, Arkansas, Connecticut, Delaware, Florida, Georgia, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Texas, Vermont, Virginia, West Virginia then send 2010 1096 form to “Department of the Treasury Internal Revenue Service Center Austin, TX 73301”.

If your principal business, office or agency, or legal residence in the case of an individual, is located in Alaska, California, Colorado, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming then send 2010 1096 form to “Department of the Treasury Internal Revenue Service Center Kansas City, MO 64999”.

Group the forms by form number and transmit each group with a separate Form 1096. For example, if you must file both Forms 1099-MISC and 1099-INT, complete one Form 1096 to transmit your Forms 1099-MISC and another Form 1096 to transmit your Forms 1099-INT.

Download our 1096 software and print 2010 1099 and 1096 forms in minutes. Click here to download.