W2 Mate Software Updated According to 2012 1099 Requirements
(PR Web Via Acquire Media NewsEdge) Chicago, IL (PRWEB) January 10, 2013
Real Business Solutions (http://www.W2Mate.com) is announcing the release of the latest version of W2 Mate software with support for the 2012 IRS “General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G)”. W2 Mate supports truncating individual’s identification number on paper payee statements, substitute statements to recipients, Taxpayer Identification Number (TIN) Matching, Electronic Reporting and Paper Document Reporting for 202 IRS forms 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-K, 1099-PATR and 1099-OID.
2012 W2 Mate saves users time and money by printing an unlimited number of 1099-MISC forms copy B and Copy C on regular white paper. This eliminates the need to buy expensive laser red-ink forms. The 2012 / 2013 1099 software can also generate an unlimited number of 1099 E-filing submissions to the IRS FIRE System for one low fee. All substitute forms generated by this software comply with 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, "Keeping up with all the 1099 filing regulations can be a bit overwhelming and time consuming for business filers. That is why we built W2 Mate, the easy-to-use W2 1099 processing solution for businesses and tax professionals."
New changes and updates to forms 1099 were introduced by the IRS for 2012. New boxes have been added, some boxes have been removed and others have been renumbered, modified or moved. All these and other 1099 compliance changes are supported by W2 Mate software for the 2012 / 2013 tax season.
W2 Mate is the perfect software program for business filers looking for answers to questions like how to process 1099's, how to complete 2012 1099-MISC forms electronically, how to send form 1099 copy to state of Oregon, how to prepare 1099s in Sage Peachtree (50), how to print out 2012 1099 tax forms on a computer 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 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.
Using 1099 E-File is secure, easy to use, efficient, fast, flexible and helps save the environment. Any filer of information returns may file their returns electronically. Any corporation, partnership, employer, estate or trust, who files 250 or more 1099 forms for any calendar year, must file their Information Returns electronically. However, if you have less than 250, we encourage you to file these returns electronically. W2 Mate 2012 complies with IRS Publication 1220- Specifications for Filing Form 1098, 1099, 5498, and W-2G Electronically or Magnetically. W2 Mate also complies with 2012 SSA EFW2 format - Specifications for Filing Forms W-2 Electronically).
A free 1099 processing software demo can be downloaded by visiting http://www.W2Mate.com.
About Real Business Solutions: Established in 2003, Real Business Solutions is an industry leader in providing in-house payroll software, IRS 1099 E filing Tax software solutions and IRS W2 printing and E Filing programs 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.
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