W2 Mate Software Launched New 1099-DIV Electronic Filing Module for the 2012 / 2013 Tax Season. The Updated Module Supports the Latest 1099 E-File Format Released by the IRS. Free demo at http://www.realtaxtools.com/.
CHICAGO, Jan. 15, 2013 (GLOBE NEWSWIRE) -- RealTaxTools.Com today announced the release of a new version of their 1099-DIV E-file software offered to US businesses nation-wide. The main focus of the release is support for the latest 1099 electronic filing format introduced by the IRS for 2012 / 2013 tax season. Corporations, investment companies, financial intuitions, businesses, CPAs, real estate investment trusts, and tax professionals can use the new module for file 1099-DIV forms electronically through the IRS FIRE System.
A FREE 1099-DIV Software trial can be downloaded from the company's website by visiting http://www.realtaxtools.com/ .
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 Dividends. 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-DIV this year can rely on W2 Mate for all their 2012 / 2013 information return filing needs.
In a statement Nancy Walters, W2 Mate product manager at Real Business Solutions said, "The 2012 release of W2 Mate software reflects our deep commitment to delivering easy-to-use and affordable 1099DIV filing solutions that help businesses of every size process 1099 Dividends and Distributions tax forms in-house. 1099 reporting is a chore, but it doesn't have to be. This is why we built W2 Mate. A powerful, yet very affordable,1099 software that takes the complexity out of year-end-reporting by providing the right tools to file W2 forms with the SSA and 1099 forms with the IRS."
The 2012 1099-DIV software saves users time and money by printing 1099-DIV recipient copies on regular white paper. The state of the art program makes electronic filing of 1099 Dividends and Distributions forms as simple as uploading a file to a website. Thanks to its powerful import wizard, this 1099 software program can remap 1099 data stored inside different accounting packages into 1099-DIV forms. W2 Mate can import data from Sage Peachtree (Pro, Complete, Premium, Quantum), Microsoft Dynamics (GP or SL), Intuit QuickBooks (QuickBooks Pro, QuickBooks Enterprise, QuickBooks Premier), Sage DacEasy, excel sheets and many other sources.
W2 Mate generates 1099DIV electronic filing submissions ready to upload to the IRS FIRE System. Some W2 Mate users save thousands of dollars each year by registering with the IRS and uploading their own files instead of using a 1099 submissions service. The 1099 electronic processing module that ships with W2 Mate provides the capabilities for E-Filing the following forms with the government: W2, 1099-MISC, 1099-INT, 1099-K, 1099-DIV, 1099-R, W-3, 1096, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR and 1099-OID. Processing W2s and 1099s electronically is easy to use, efficient, secure, fast, flexible, and above all saves filers valuable time and money.
W2 Mate Software Highlights:
- Prepares unlimited number of 2012 1099 and W-2 tax forms for multiple employers and payers.
- Prints 2012 1099 recipient copies on regular white paper.
- E-files 2012 W2s and 1099s with the SSA and IRS (no limitations on the number of tax forms or submissions).
- Creates 2012 employee W2's as PDF and recipient (vendor) 1099's as PDF.
- SSA approved to print W2 & W3 forms on regular white paper, which eliminates the need for expensive forms.
- Data import from leading tax, accounting and CRM software applications including Microsoft Dynamics (Great Plains), Intuit QuickBooks Payroll (W2s) and vendor (1099s), Sage Peachtree, Sage DacEasy, Excel and CSV.
- Efficient and intuitive manual W2 / 1099 data entry.
- Supports 1099MISC, 1099K, 1099INT, 1099DIV, 1099R, W2, W3, 1096, 1099S, 1098T, 1098, 1099A, 1099B, 1099C, 1099PATR, 1099OID.
- Automatically calculates Social Security and Medicare taxes. For paper filers 1096 and W3 are automatically generated.
- W-2 1099 Software that 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.
- 1099 software that work with QuickBooks.
- TIN matching and verification including reports for missing TINs and TIN matching errors.
- Supports foreign recipient address for 1099 forms (such as Canadian).
- Complete W2 preparation software.
- Great for non-profit organizations.
Media Contact: Nancy Walters
Company: Real Business Solutions
Web Address: http://www.realtaxtools.com/
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Source: Real Business Solutions