A new PDF file with step-by-step instructions on how to print 1099-INT forms using our W2 / 1099 software. You can download the PDF from the link below:
http://www.realtaxtools.com/PDF/1099/Print-1099-INT.pdf
W2 Mate is a complete W2 and 1099 software solution. Below are the system requirements as of W2 Mate 2011 version.
Intel Pentium 4 or AMD processor running at 1.5GHz or faster. While our 1099 Software will run on slower machines, it will take much longer to import data and create W2 and 1099 electronic filing submissions.
512MB of RAM (1GB or greater is recommended depending on what you are trying to do, for example if you want to import from QuickBooks then you will definitely need more than 512MB of RAM)
Hard disk with 60 MB free space (again this will depend on whether you are importing or entering large amounts of data).
800 by 600 minimum screen resolution (we recommend 1024 X 768 for best experience).
If you are importing data from QuickBooks (QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise Solutions) you will need 2006 version or above (earlier versions might work, download our demo and test to see if W2 Mate can communicate with your version of QB).
If you are importing 1099s from Peachtree (Peachtree Pro Accounting , Peachtree Complete Accounting, Peachtree , Premium Accounting , Peachtree Premium Accounting Accountant’s Edition , Peachtree Premium Accounting for Manufacturing , Peachtree Premium Accounting for Distribution or Peachtree Quantum) you will need a version that can generate the “1099 Vendor” report, which was introduced in PT 2006.
MAC operating system: W2 Mate is windows-based, but you can use a solution for running Windows applications on your Mac such as Parallels.
Start printing 1099 forms today, download our FREE 1099 software demo. You can purchase our software and receive instantly.
1 ) Open W2 Mate software. If you do not have a copy of W2 Mate you can download a free demo from http://www.realtaxtools.com/download.html
2 ) Click on “1099 & 1098 Recipients” icon from the left toolbar inside W2 Mate.
3 ) Enter the Payer/Borrower information. By clicking “New 1099 / 1098” recipient. In the dialog that comes up enter basic Borrower information such as name, address, tax id and so on. Make sure to select “Form 1098” under the list of “Types of 1099 Forms Received”.
4 ) Click the “1099 and 1098 Forms” icon from the left toolbar inside W2 Mate.
5 ) Under “Form Type” select “Form 1098” and click OK.
6 ) You should see a screen similar to the one shown below.
7 ) Now fill out the different 1098 boxes for the borrower (s), such as “1 Mortgage interest received from payer(s)/borrower(s)”, “2 Points paid on purchase of principal residence” and “3 Refund of overpaid interest”. Make sure to hit save each time you update a form.
8 ) When you are ready to print click the “Print” button. This will bring up a new dialog which allows you to print the following forms on plain paper
1098 Copy B (1098 Mortgage Interest Copy B): For Payer / Borrower. 1098 Copy C (1098 Mortgage Interest Copy C): For Recipient / Lender.
And print / align data on the following form: Laser Copy A of form 1098 (1098 Mortgage Interest Laser): For Internal Revenue Service Center.
9 ) If you need to file 1098 Copy A electronically you can use the 1098 electronic filing feature inside W2 Mate.
10 ) You can also import 1098 data from QuickBooks, Sage Peachtree, Excel / CSV, Microsoft Dynamics, Sage DacEasy and other software.
Step by step instructions:
1 ) Start by opening the W2 Mate software. You can download a free trail of W2 Mate by visiting the 1099 software download page.
2 ) Make sure QuickBooks is open and the company you want to import forms 1099-INT from is also open.
3 ) Inside W2 Mate select Import Data and then From QuickBooks (W2 and/or 1099 Data). This will bring up the QuickBooks import wizard.
4 ) In the next step you will need to connect to QuickBooks, follow the on screen instructions.
5 ) Under the “Type of Data to Import and Tax Year” screen:
1. 1099-INT Box 1 Interest income
2. 1099-INT Box 2 Early withdrawal penalty
3. 1099-INT Box 3 Interest on U.S. Savings Bonds and Treas. obligations
4. 1099-INT Box 4 Federal income tax withheld
5. 1099-INT Box 5 Investment expenses
6. 1099-INT Box 6 Foreign tax paid
7. 1099-INT Box 8 Tax-exempt interest
8. 1099-INT Box 9 Specified private activity bond interest
6 ) W2 Mate will read the 1099 data from QuickBooks and show it in a spreadsheet view. This view will show the 1099-INT boxes the way they will be imported into W2 Mate. In this step you will be able to review, update and correct any information before doing the actual import into W2 Mate. Please note the following.
7 ) Once you are ready click next to do the actual import of 1099-INT forms inside W2 Mate.
8 ) With the 1099-INT data inside W2 Mate, you can navigate to the 1099 & 1098 recipients screen to review the list of 1099-INT recipients.
9 ) When you are ready to print QuickBooks 1099-INT forms, click on 1099&1098 forms. In this screen you can review all 1099-INT boxes and print the forms you need.
We highly recommend that you download a free demo of our software and see exactly how the QuickBooks 1099-INT import works inside W2 Mate.
If you would like to file QuickBooks 1099-INT electronically you simply use W2 Mate to generate the 1099 electronic submission file and then you upload that file to the IRS FIRE System.