PR Log - Nov 07, 2012 - Real Business Solutions Inc., have released the latest IRS 1099-R filing feature which is great news for businesses, tax professionals and 1099 processing providers. The new module gives users all the advanced features they expect from 1099-R software including the ability to create, review, validate, print, email, e-file and export Forms 1099-R.
W2 Mate saves users time and money by printing 2012 / 2013 1099-R forms copy B and Copy C on regular white paper. This eliminates the need to buy expensive laser red-ink forms. All substitute forms generated by this 1099-R software comply with 2012 IRS publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S).
In a statement Nancy Walters, W2 Mate product manager at Real Business Solutions said, "Our W2 Mate software provides one of the most powerful and easy-to-use tools for 1099-R Filing on the market today."
According to 2012 IRS regulations, penalties may be assessed for failure to file correct information returns (1099, 1098 and other similar tax forms) by the due date, without reasonable cause. This includes Form 1099-R. The penalty may also apply if the filer shows incomplete or incorrect information, or files on paper when required to file electronically. Businesses and accounting professionals required to process IRS Form 1099-R this year can rely on W2 Mate for all their 2012 / 2013 filing needs.
W2 Mate is the perfect software program for business filers looking for answers to questions like how to file 2012 1099R, how to file 2012 forms 1096 and 1099 electronically, how to file form 1099 with the Massachusetts state tax department, how to process 1099-R using QuickBooks, how to print 2012 1099 R forms and many other similar questions.
By integrating with the best-in-class enterprise accounting, tax and payroll applications, W2 Mate provides W2 1099 filers with the ultimate solution for information return and tax form processing for the 2012 / 2013 season. W2 Mate can import 1099 data from Microsoft Great Plains, Microsoft Dynamics GP /SL, Sage MAS 90, Sage MAS 200, SAP, Intuit QuickBooks, Sage Peachtree, Sage 50 and many more.
The IRS FIRE (Filing Information Returns Electronically) system is set up for financial institutions and others to file Information Return Forms 1042-S, 1097, 1098, 1099, 3921, 3922, 5498, 8027, 8935, or W-2G. An Information Return is a tax document required by Internal Revenue Code regulations and is used to report certain types of payments made by financial institutions and others who make payments as a part of their trade or business. The IRS describes electronic filing as "The hottest way to file your Information Returns with the coolest results". E-filing W2s and 1099s using W2 Mate 2012 is easy and affordable.
W2 Mate Software Highlights:
- Supports an unlimited number of 1099 Filers and unlimited number of employees and 1099 recipients.
- Prints 2012 1099 recipient copies on regular white paper.
2012 1099 E filing using IRS FIRE System (No per form fees and No data transmission charges).Unlimited 2012 W2 electronic filing submissions using the EFW2 format.
- Creates 2012 employee W2's as PDF and recipient (vendor) 1099's as PDF.
- Government -approved to print W-2 and W3 tax forms on regular paper including federal copies.
- Data import from Sage Peachtree, MS Dynamics, Great Plains, Intuit QuickBooks, Sage DacEasy, Excel and CSV.
- Efficient and intuitive manual W2 / 1099 data entry.
- Automatically calculates Social Security and Medicare taxes. For paper filers 1096 and W3 are automatically generated.
- Supports Windows 8, Windows 7, Windows Vista, Windows XP, Windows Server 2003, Windows 2000 or Windows 98.
- Roll-over of payer and recipient information from year to year.
- Password protection and data validation.
- Generates printing labels, form totals and recipient lists.
- Prompt, courteous and reliable U.S.-based support through phone, chat or e-mail.
- Network ready with affordable pricing for multiple seats.
- Exports W2s and 1099s to excel.
- Data Backup and restore.
- TIN matching and verification including reports for missing TINs and TIN matching errors.
- Supports truncating social security numbers on returns.
- Completes employer electronic W-2 forms.
- Complete W2 preparation software.
- Complete 1099 electronic filing software for accountants, CPAs and small business.
A free 2012 IRS 1099 R e filing tax program evaluation can be downloaded from http://www.W2Mate.com. Customers can purchase the software and receive it instantly.
About Real Business Solutions: Established in 2003, Real Business Solutions is an industry leader in providing payroll calculations software, 10-99 printing programs and IRS W-2 software for 2013, 2012, 2011 and before. Real Business Solutions products are used by thousands of businesses, tax professionals, non-profit organization, and government agencies all across America. The Company's mission has been to provide powerful and great value software solutions coupled with high quality customer service.