1099

Sunday, December 9th, 2012

Bulk TIN Matching Software

Starting with the 2012 / 2013 tax season our W2 Mate software supports Bulk TIN Matching (complies with IRS Publication 2108A).

Bulk TIN Matching gives 1099 payers the ability to check the TIN (Taxpayer Identification Number) provided by the payee (recipient) against the IRS records.

Bulk TIN Matching will allow authorized users to submit up to 100,000 name/TIN combinations for matching.

Bulk TIN Matching requests must be submitted to the IRS in a special file format via the IRS eServices website.

You can use W2 Mate software to generate the Bulk TIN Matching request file, which you can send to the IRS for processing.

Within 24 hours of sending a Bulk TIN Matching request to the IRS, the submitter will receive a response file, which indicates the status of each TIN/Name combination.

You can use W2 Mate software to read and analyze the Bulk TIN Matching response file you receive from the IRS e-Services website. W2 Mate will break down the results in an easy to ready format.

Our Bulk TIN Matching software is available for immediate download from our website by clicking the link below:

W2 1099 Software FREE

The Bulk TIN Matching feature inside W2 Mate software are 1099 filers issuing Form 1099 Statements of Income for Recipients of Proceeds from:

» Merchant Card Third Party Network Payments (1099-K)

» Real Estate Brokers and Barter Exchange Transactions (1099-B)

» Dividends and Distributions (1099-DIV)

» Interest Income (1099-INT)

» Miscellaneous Income (1099-MISC)

» Original Issue Discount (1099-OID)

» Taxable Distributions Received from Cooperatives (1099-PATR)

Bulk-TIN-Matching Support inside W2 Mate software

IRS Bulk TIN Matching

 

Visit 1099 software page to learn more and for free download.

Thursday, October 4th, 2012

Form 1099-K for Transportation Companies Including Cab Owners and Drivers

Step by step instructions on how to print form 1099-K (credit card) using W2 Mate software

Form 1099-K preparation is a software feature in the W2 Mate program that enables 1099-K business filers including transportation companies and cab owners to create government-compliant and professional 1099-K forms. W2 Mate – W2 1099 software is user-friendly and requires minor technical skills, which gives every business owner or tax professional the opportunity to follow IRS regulations with minimal effort. Installing and mastering W2 Mate software is straightforward.

  • Step 1: Install W2 Mate: Visit our W2 Mate software page, and click the “Download Free Trial” button.  Follow the installation wizard instructions, until W2 Mate is installed on your machine.
  • Step 2: Open W2 Mate by clicking the icon on the desktop.
  • Step 3: Create a new file for your company by clicking the Company > New menu item from the top menu. In the dialog that comes up enter your company name in the Employer Name field.
  • Step 4: Enter the list of 1099-K recipients one by one or import data from file, QuickBooks, Peachtree Accounting Software, Microsoft Dynamics or any other software supported by W2 Mate.
  • Step 5: Navigate to the 1099-K form screen and review the 1099-K information for each recipient.
  • Step 6: If you want to print recipient 1099-K forms on regular paper then select the print button. If you want generate PDF 1099-K forms which you can email to the payees then select Create PDF option.
  • Step 7: Print 1099-K copy A to be sent to the IRS. If you are e-filing then select E-Filing > 1099-K forms from the top menu.
  • Step 8: If you are filing on paper then navigate to the 1096 form screen, review the data auto populated by W2 Mate and select print.
  • Step 9: If you are filing with the IRS on paper then mail your 1099-K forms to the address printed on the 1096 form. If you are e-filing then log into IRS FIRE system and send the electronic submission file.
  • Step 10: Once you are done 1099-K processing, select Tools > Backup Company in order to create a backup of your data and then store the resulting file in a secure place.

Our 1099-K software is available for immediate download from our website by clicking the link below:

W2 1099 Software FREE

Thursday, September 20th, 2012

Vendor and 1099 Center Released – Pay 1099 Contractors and Process Nonemployee Payroll

 

We are proud to announce the release of the Vendor and 1099 Center for Payroll Mate payroll software. The new module helps businesses and tax professionals process contractor 1099 payroll (pay non-employees) and generate the required IRS tax forms.

– Easy to setup and operate. Create your first 1099 vendor in minutes.
– Make and track different types of non-employee payments.
– Pay any type of vendor (such as an attorney, doctor, independent contractor, landlord or director).
– Print signature-ready contractor checks with pay stubs.
– Perfect for small businesses, accountants and non-profits
– Generate comprehensive reports including check register and payment totals reports.
– Manage, edit, filter, preview, export and batch print checks.
– Print 1099 and 1096 tax forms.
– Export to W2 Mate – W2 1099 Software.
– Seamless part of Payroll Mate Payroll Software (manage contractors and employees in one place).

Contractor 1099 Forms and Software

 

Want to see it in action? Download Free Payroll Software Trial

 

Wednesday, January 25th, 2012

1099 Software for 2011

Our 1099 software for 2011 is available for immediate download from our website by clicking the link below:

W2 1099 Software FREE

2011 1099 filers can purchase the software and receive it instantly.

As of year 2011, the software supports the following 1099 forms:

(1) 1099 MISC Forms: Miscellaneous Income
(2) 1099-INT Forms: Interest Income
(3) 1099-DIV Forms: Dividends and Distributions
(4) 1099-R Forms: Distributions From Pensions, Annuities, Retirement, etc.
(5) 1098-T Forms: Tuition Statement.
(6) 1096 Forms: Annual Summary and Transmittal of U.S. Information Returns.
(7) W2 Forms: Wage and Tax Statement.
(8) W3 Forms: Transmittal of Wage and Tax Statements.
(9) 1099-B Forms: Proceeds From Broker and Barter Exchange Transactions.
(10) 1099-PATR Forms: Taxable Distributions Received From Cooperatives.
(11) 1099-OID Forms: Original Issue Discount.
(12) 1099-S Forms: Proceeds From Real Estate Transactions.
(13) 1098 Forms: Mortgage Interest Statement.
(14) 1099-A Forms: Acquisition or Abandonment of Secured Property.
(15) 1099-C Forms: Cancellation of Debt.

To learn more about our W2 Mate W2 / 1099 Software please click the link below:

1099 Software page

Monday, January 16th, 2012

W-9 2011 | W-9 2012 | How to print W-9 and 1099 Forms

Businesses required to file 1099 forms with the IRS must obtain the correct recipient taxpayer identification number (TIN) to report, for example, income paid to the recipient, real estate transactions, mortgage interest the recipient paid, acquisition or abandonment of secured property, cancellation of debt, or contributions the recipient made to an IRA.

 

W2 1099 Software FREE

In order to obtain the correct TIN (SSN or tax ID) of a U.S person, the 1099 filer would usually use Form W-9 (Request for Taxpayer Identification Number and Certification). For federal purposes, a U.S. person includes but is not limited to: An individual who is a U.S. citizen or U.S. resident alien; a partnership, corporation, company, or association created or organized in the United States or under the laws of the United States; any estate (other than a foreign estate); or A domestic trust.

The W-9 form includes boxes such as name, federal classification (Individual/sole proprietor, C Corporation, S Corporation, Partnership), address, account numbers and other information. If the recipient fails to furnish the correct TIN to a requester, s/he is subject to a penalty of $50 for each such failure unless your failure is due to reasonable cause and not to willful neglect.

1099 filers can obtain a PDF W-9 form which can be filled out, printed and sent to the recipient simply by visiting the IRS website.

For business filers who want to print 1099 forms to send to recipients and the IRS, we offer W2 Mate software, which covers all the W2 and 1099 filing needs for businesses and tax professionals. The software can be downloaded as a free demo from our download page. You can purchase the software and receive it instantly.

To learn more about W2 Mate, please visit the 1099 software page.