QuickBooks 1099-INT: How to print and E-File

Our 1099 Software allows QuickBooks users print and file electronically 1099-INT forms.

 

QuickBooks 1099

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.

W2 1099 Software FREE

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. a. Select “1099 Data” for the type of data you would like to import.
  2. b. Under “Type of 1099 form you would like QuickBooks 1099 data be mapped to” select “Form 1099-INT – Interest Income”.
  3. c. Specify the “1099 box you would like the money amount be mapped to”. You have one of these options:

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.

 

W2 1099 Software FREE

Payroll Software Video

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Michigan W2 Electronic Filing for Business | Michigan Magnetic Media

 

Our W2 Mate software complies with the state of Michigan  W2 electronic filing requirements. You can simply use our software to generate the magnetic media and mail it to the state.

The Michigan Department of Treasury requires employers with 250 or more Michigan employees to file MI-W-2 information on cartridge or CD. Smaller employers are encouraged to use electronic filing, but may file using the state copy of the federal W-2. W-2 reports are due February 28. Late filing is subject to penalty as provided under the Revenue Act.

Whether you are filing Michigan W2s on paper or electronically you can use our software.

If you are required to file on magnetic media, you do not need to apply in advance or submit test media. You must send Form 447, Transmittal for Magnetic Media Reporting of W-2s, W-2Gs, and 1099s to the State of Michigan with your magnetic media. If Form 447 is not completed and included with your media, your media may be rejected and returned to you unprocessed.

You need to label the W2 Media you send to the state as follows:

(1) Business Name.

(2) EIN: federal employer identification number.

(3) Type of document represented: W2.

(4) Tax Year: 2011 , 2012 , 2013 and so on.

(5) Number of employees.

(6) Density, recording mode, record size and blocking factor if you file with a cartridge.

You are invited to try our W2 Mate software and see for yourself how easy W2 and 1099 electronic filing can be.

 

W2 1099 Software FREE

Michigan 2012 Withholding Tables – Payroll Software

The Michigan payroll withholding tables will remain the same for tax year 2012. A new rate will be in effect starting January 1, 2013.

Michigan 2012 withholding rate: The rate remains at 4.35 % for tax year 2012.

For 2013 and each tax year thereafter the rate is 4.25%.

Michigan employers and tax professionals are invited to check out our 2012 payroll software. Payroll Mate provides best value in payroll software for both businesses and accountants.

Personal exemption will remain the same at $3,700 and will be indexed to inflation beginning in 2013.

Also starting in 2013, new legislation phases out personal exemption for taxpayers with “total household resources” over $75,000 for single filers and $150,000 for joint filers. And eliminates personal exemption for taxpayers with total household resources over $100,000 for single filers and $200,000 for joint filers.

Every Michigan employer must obtain a Withholding Exemption Certificate (Form MI-W4) from each employee. The federal W-4 cannot be used in place of the MI-W4. The 2011 exemption amount is $3,700 per year times the number of personal and dependency exemptions allowed under the internal revenue code. An employee may not claim more exemptions on the MI-W4 than can be claimed on the employee’s federal income tax return.

For more information please visit the website of Michigan department of treasury at http://www.michigan.gov/taxes/ .

 

Payroll Mate Best Value in Payroll Software

 

Delaware 2012 Withholding Tables – Payroll Software

Effective January 1, 2012 with Delaware state withholding tables will be updated. Please make sure to update your copy of Payroll Mate payroll software to use the 2012 Delaware withholding tables.

The Delaware tax rate for income over $60,000 drops to 6.75% for tax years 2012 and 2013, and drops to 5.95% in 2014.

Taxable income Calculate tax on Tax amount Rounded Tax years
12,345 12,325 261 + 111.6 373 2010 – 2011
27,555 27,575 1001 + 142.9125 1144
75,000 75,000 2943.50 + 1042.50 3986 2010 – 2011
2943.50 + 1012.50 3956 2012 – 2013
2943.50 + 892.50 3836 2014 –
82,605 82,605 2943.50 + 1571.05 4515 2010 – 2011
2943.50 + 1525.84 4469 2012 – 2013
2943.50 + 1345.00* 4289 2014 –

 

 

An employer may withhold taxes according to the withholding tax tables provided in the Delaware Withholding Rules and Regulations Booklet or use any approved formula to determine the correct amount of tax to be withheld each pay period. The employer must withhold at a rate so that no tax is estimated to be due on the wages paid when the employee files his or her personal income tax return. The Delaware Division of Revenue will approve an alternate formula that considers the allowable standard deduction and tax credit(s) claimed by the employee, using the tax rate schedule on the balance of the wages paid.

If you prepare payroll taxes for Delaware employees you invite you try our Payroll Mate payroll software. You can visit the link below to download a FREE trial.

 

Payroll Mate Best Value in Payroll Software