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Our 1099 software allows Wisconsin businesses and tax professionals comply with the Wisconsin Department of Revenue regulations for 1099 Electronic Filing (1099 e-File). Effective January 1, 2011 for 2010 information returns, Wisconsin will add a field to the IRS publication 1220 specifications for 1099-Rs and 1099-Misc. This field is composed of the 15 digit Wisconsin Tax Account Number and begins at position 663 (Special Data Entries) of the B record.

Our W2 Mate W2 / 1099 software complies with Wisconsin regulations for 1099 Electronic Filing including the 15 digit Wisconsin Tax Account Number in the B record.

Reporting electronically is mandatory if you are transmitting 50 or more documents to Wisconsin.

Wisconsin also encourages small employers to use the option of electronically transferring  data to the Department of Revenue (DOR) through the DOR web site at www.revenue.wi.gov. The department does not accept physical media such as cartridges, 9-track magnetic tape, diskettes or CD-ROM.

W2 Mate is a powerful W2 / 1099 software that supports a number of forms including 1099-MISC, 1099-INT, 1099-DIV, 1099-R, W-2 and W-3. To read about the full capabilities of W2 Mate, please visit the 1099 software page.

Payers or transmitters who will be transferring files electronically to the Wisconsin DOR do not need to request prior authorization.

1099-R and 1099-Misc are due to the Wisconsin DOR February 28, 2011 (March 15, 2011 for corporations reporting rents or royalties).

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In this post we will cover 2011 / 2010 1099 Instructions including 2010 1099 MISC Instructions, 2010 1099 DIV instructions, 2010 1099 INT Instructions and 2010 1099-R instructions.

Our 1099 tax software helps businesses create, print, paper file and electronically file forms 1099 for tax year 2010 in 2011. Our software supports 2010 / 2011 1099-MISC, 2010 / 2011 1099-INT, 2010 / 2011 1099-DIV and 2010 / 2011 1099-R. A FREE demo of the software can be downloaded by clicking the button below.

Below are the 2010 1099 instructions (2011 1099 instructions for tax year 2010):

2011 1099-MISC Instructions – 2010 1099-MISC Instructions (Miscellaneous Income)

Due dates: Furnish Copy B of form 2010 1099-MISC to the recipient or contractor by January 31, 2011. The due date is extended to February 15, 2011, if you are reporting payments in boxes 8 (Substitute payments in lieu of dividends or interest) or 14 (Gross proceeds paid to an attorney).File Copy A of the 2010 / 2011 1099 MISC with the IRS by February 28, 2011. If you file electronically, the due date is March 31, 2011. To file electronically, you must have 1099 MISC E-File software like W2 Mate that generates a file according to the specifications in Pub. 1220, Specifications for Filing Forms 1098, 1099, 3921, 3922, 5498, and W-2G Electronically. The internal revenue service does not provide a fill-in form option.

You are required to file Form 1099-MISC (Miscellaneous Income) for each person to whom you have paid during the year: At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest; At least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, crop insurance proceeds, cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish, or, generally, the cash paid from a notional principal contract to an individual, partnership, or estate;  Any fishing boat proceeds; or Gross proceeds to an attorney.

Where to mail 2010 1099-MISC (in 2011): 

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, and West Virginia: Send to Department of the Treasury Internal Revenue Service Center Austin, TX 73301.

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, and Wyoming: Send to Department of the Treasury Internal Revenue Service Center Kansas City, MO 64999.

2011 1099-INT Instructions – 2010 1099-INT Instructions (Interest)

Furnish Copy B of form 1099-INT for tax year 2010 (filed in 2011) to the recipient by January 31, 2011. File Copy A of form 1099 INT with the Internal revenue Service by February 28, 2011. If you file 1099s electronically through IRS FIRE system, the due date is March 31, 2011. To file 1099-INT electronically, you must have electronic filing software that generates a file according to the specifications in Pub. 1220, Specifications for Filing Forms 1098, 1099, 3921, 3922, 5498, and W-2G Electronically. IRS does not provide a fill-in form option. You can use our 1099-INT software to print and e-File 1099-INT.

If the recipient is a nonresident alien, you may have to withhold federal income tax and file Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding. See the Instructions for Form 1042-S and Pub. 515, Withholding of Tax on Nonresident Aliens and Foreign Entities. If you received mortgage interest in the course of your trade or business, you may have to report it to the payer of such mortgage interest and to the IRS on Form 1098, Mortgage Interest Statement. Do not report mortgage interest to the payer on Form 1099-INT. See the instructions for Form 1098 for information on reporting mortgage interest.

2011 1099-DIV Instructions – 2010 1099-DIV Instructions (Dividend)

Because paper forms are scanned during processing, you cannot file with the IRS Forms 1096, 1098, 1099

, 3921, 3922, or 5498 that you print from the IRS website.

Box 1a. Shows total ordinary dividends that are taxable.
Box 1b. Shows the portion of the amount in box 1a that may be eligible for the 15% or zero capital gains rates.
Box 2a. Shows total capital gain distributions from a regulated investment company or real estate investment trust.
Box 2b. Shows the portion of the amount in box 2a that is unrecaptured section 1250 gain from certain depreciable real property.
Box 2c. Shows the portion of the amount in box 2a that is section 1202 gain from certain small business stock that may be subject to a 50% exclusion and certain empowerment zone business stock that may be subject to a 60% exclusion.
Box 2d. Shows 28% rate gain from sales or exchanges of collectibles.
Box 3. Shows the part of the distribution that is nontaxable because it is a return of your cost (or other basis).
Box 4. Shows backup withholding.
Box 5. Shows your share of expenses of a nonpublicly offered regulated investment company, generally a nonpublicly offered mutual fund.

Furnish Copy B of 2010 1099-DIV form to the recipient by January 31, 2011. File Copy A 1099-DIV with the IRS by February 28, 2011. If you file 1099-DIV electronically, the due date is March 31, 2011.

2011 1099-R Instructions – 2010 1099-R Instructions (Retirement)

Form 1099-R is also called Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

Generally, distributions from pensions, annuities, profit-sharing and retirement plans (including section 457 state and local government plans), IRAs, insurance contracts, etc., are reported to recipients on Form 1099-R.

Because paper forms are scanned during processing, you cannot file with the IRS Forms 1096, 1098, 1099, 3921, 3922, or 5498 that you print from the IRS website.

File Copy A of this form with the IRS by February 28, 2011. If you file electronically, the due date is March 31, 2011. To file electronically, you must have software that generates a file according to the specifications in Pub. 1220, Specifications for Filing Forms 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically. IRS does not provide a fill-in form option.

If you use enterprise accounting software (QuickBooks, MAS 90, MAS 200, MAS 500, PeopleSoft, Microsoft Dynamics, Microsoft Great Plains, Peachtree) you can benefit a lot from using our 1099 software by saving time and money.

Start printing and filing 1099s today, Download a FREE 1099 software trial.

1099 tax Software for 2010 , 2011 , 2012

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Our Payroll Mate payroll tax software has been updated to include the latest Illinois withholding tables, which reflect the recent Illinois tax increase. Effective January 1, 2011, the rate for withholding Illinois Income Tax is 5 percent. The Illinois payroll tax hike was passed by Illinois lawmakers on Wednesday January, 12, 2011.

According to a new Illinois Department of Revenue bulletin released last Thursday, Illinois employers and payroll departments must now immediately adjust withholding tax rates to reflect the Illinois Income Tax rate increase from 3% to 5%, effective January 1, 2011.

The new Illinois rate of withholding applies to Employee compensation (i.e., wages and salaries) paid in Illinois, Unemployment paid to an Illinois resident who has asked to have Illinois taxes withheld, and Gambling or lottery winnings in Illinois paid to an Illinois resident.

Booklet IL-700-T, Illinois Withholding Tax Tables, has been updated to reflect the tax increase.

Example:

You pay Jane $800 every week. She claims 4 allowances on her Form IL-W-4. Two allowances are claimed on Form IL-W-4, Line 1, and two allowances are claimed on Form IL-W-4, Line 2. You withhold $34.23 from her pay.
Step 1: Determine the wages paid: $ 800.00
Step 2: Figure your employee’s exemptions (based on Form IL-W-4): $115.38
Step 3: Subtract the amount exempt from withholding. Taxable amount: $684.62
Step 4: Multiply by the tax rate x 0.05. Tax withheld = $ 34.23

If you use QuickBooks or Quicken to manage your business and you’ve been searching for payroll software that integrates with QuickBooks, then Payroll Mate is definitely for you. With the advanced features in this payroll solution, SMBs can save a bundle by using Payroll Mate to prepare payroll and track payroll taxes and then post payroll data to QuickBooks at the end of the pay period. Payroll Mate is currently used by small businesses, accountants, businesses, CPAs, churches, banks, professional tax preparers and payroll service providers.

To learn more about our payroll software, please visit http://www.payrollmate.com/

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Effective January 1, 2011, California employers will report total subject wages, Unemployment Insurance (UI) and Disability Insurance (DI) taxable wages and contributions, by filing a New Quarterly Contribution Return and Report of Wages (DE 9) quarterly instead of annually. Payroll Mate helps California employers comply with The CA Employment Development Department regulations and rules.

Visit the Payroll Software page to learn more about Payroll Mate and download a FREE payroll software trial.

Employers will continue to report employee wages and personal income tax withheld quarterly on the New Quarterly Contribution Return and Report of Wages (Continuation) (DE 9C).

Payroll Mate generates and prints both forms: CA DE9 and CA DE 9C.

The new forms will replace the Annual Reconciliation Statement (DE 7) and the Quarterly Wage and Withholding Report (DE 6).

California employers are still required to pay their contributions with the DE 88. Deposit due dates will not be affected by this change. In spring 2011, employers will have more options available to electronically file returns, and make deposits and payments on outstanding liabilities.

For 2010, employers can use Payroll Mate 2010 to file California DE 7 and DE 6.

Payroll Mate worked directly with the EDD to update the payroll software to comply with new California regulations.

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Payroll Mate payroll software has been approved by the California Employment Development Department (EDD) to generate and print California payroll forms DE 9 and DE 9C. Employers and payroll departments in the state of California can use our California Payroll software to file the new forms starting first quarter 2011.

Several important payroll tax reporting changes will take place beginning with the first quarter of 2011. The California Annual Reconciliation Statement (DE 7) will be eliminated for the tax year 2011. California employers will file the NEW Quarterly Contribution Return and Report of Wages (DE 9) to report contributions due each quarter. In addition to the DE 9, employers will file a Quarterly Contribution Return and Report of Wages (Continuation) (DE 9C) in place of the Quarterly Wage and Withholding Report (DE 6).

Each quarter, California employers are required to complete a Quarterly Contribution Return and Report of Wages (DE 9). It is used to reconcile California payroll tax payments and the total subject wages reported for the quarter. The payroll form is due January 1, April 1, July 1, and October 1 each year.

California employers use the Quarterly Contribution Return and Report of Wages (Continuation) (DE 9C) to report employee wages subject to Unemployment Insurance (UI), Employment Training Tax (ETT), State Disability Insurance (SDI), and to report Personal Income Tax (PIT) withheld and PIT wages.

If you use QuickBooks or Quicken to manage your business and you’ve been searching for payroll software that integrates with QuickBooks, then Payroll Mate is definitely for you. With the advanced features in this payroll solution, SMBs can save a bundle by using Payroll Mate as QuickBooks payroll software to prepare payroll and track payroll taxes and then post payroll data to QuickBooks or Quicken at the end of the pay period. Payroll Mate is currently used by accountants, businesses, CPAs, churches, banks, professional tax preparers and payroll service providers.

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