Supports the new 1099-MISC, non-employee compensation, early filing deadline of January 31st!
Los Angeles, CA (PRWEB) September 28, 2016
1099 Pro, Inc, https://www.1099pro.com, has announced the availability of its 2016 1099 software flagship products – 1099 Professional and 1099 Enterprise. 1099 Pro, best known for cutting-edge information reporting software capable of managing IRS forms 1098, 1099, 3921, 3922, 5498, and W-2G; is once again ahead of the pack in terms of software functionality and release timing. The early software release also provides functionality and support features to help customers address the arduous 1099-MISC, Box 7 - Non-Employee Compensation, early filing deadline of January 31st.
“The 2016 tax year is once again a volatile year for the core of 1099 reporting,” says Jean-Philippe Choudhry, Director of Business Processes at 1099 Pro. “The IRS has modified the reporting and layouts for the 1098, 1098-T, 1099-B, 1099-INT, 1099-OID, and 1099-R tax forms while also requiring reporting of 1099-MISC forms with Box 7 amounts earlier than ever before.”
Companies reporting 1099s will no doubt want to get their hands on this early release of the 1099 software in order to view changes first hand and identify what new data must be captured by internal systems. Fortunately, 1099 Pro has simplified its software wizards to accommodate the early filing deadlines by providing preset filters to identify 1099-MISC forms with Box 7 data. Moreover, 1099 Pro provides features for the simultaneous submission of data for printing / mailing to recipients and eFiling to the IRS. Not convinced? 1099 Pro offers a free demo version of its 1099 software that allows users to view forms and experience the user-interface firsthand. Demo users may even use live data – which can be seamlessly transitioned into the full software version, upon purchase - in order to avoid duplicate work.
It seems that an early view of IRS updated forms & regulations are not all that 1099 Pro’s software will tout for the 2016 tax year. Michael Stewart, Director of Marketing at 1099 Pro, provides a glimpse of the development pipeline for later releases.
“1099 Pro focuses on two core mantras: providing a complete reporting solution that supports customers though the entire reporting cycle and simplifying an overly complex IRS reporting process into bite size steps.”
Upon further discussion, it would appear that 1099 Pro does just this. 1099 Pro’s 1099 software allows for a three-step reporting process of importing/entering 1099 data, printing and mailing to recipients, and eFiling or paper filing with the IRS. Moreover, 1099 Pro introduces support and compliance tools throughout the steps that allow for error checking, TIN validation, control totals reports, PDF copy generation, and even corrections processing.
The SSAE 16 SOC I Type II secure 1099 Pro Service Bureau can even print, mail, and eFile for companies that simply run out of time or are not familiar with the processes. Accordingly, the Service Bureau has developed an IRS approved electronic process for verifying and submitting 1099 data – thus sidestepping the need for tedious manual intervention.
1099 Pro's software supports forms 1098, 1098-C, 1098-E, 1098-T, 1099-A, 1099-B, 1099-C, 1099-CAP, 1099-DIV, 1099-G, 1099-H, 1099-INT, 1099-K, 1099-LTC, 1099-MISC, 1099-OID, 1099-PATR, 1099-Q, 1099-R, 1099-S, 1099-SA, 3921, 3922, 5498, 5498-ESA, 5498-SA, W-2G, & W-9/B-Notices. A sample of the features that come standard with the 1099 software are the ability to print & eFile standard forms and corrections while also providing features such as SSN masking, printing to encrypted pdf files, or printing 1099 forms onto blank paper.
ABOUT 1099 Pro, Inc.
1099 Pro, Inc. has been in business for over 20 years and files 10% of the information returns filed in the United States each year. 1099 Pro software is available for 1099, W-2, 1042-S, & FATCA 8966 tax forms and can process printing, eFiling, & corrections.