Account Ability includes plain paper filing, electronic reporting and bulk taxpayer identification number (TIN) matching
Melville, NY (PRWEB) February 22, 2012
A transportation company that receives proceeds of credit card transactions from its bank, on behalf of its independent contractor drivers who accept credit card payments, and then distributes the proceeds to the driver, must issue a Form 1099-K to each driver reporting the gross proceeds. Additionally, the transportation company must report all 1099-K forms to the IRS either electronically or on IRS approved 1099-K forms, the former being mandatory if 250 or more returns are to be reported.
Integrated Data Management Systems, Inc. (IDMS), a leading provider of W-2 and 1099 software, has made it a priority to include electronic reporting (eFile) and plain paper filing of Form 1099-K in its latest release of Account Ability Tax Form Preparation software. Jeff Goldstein, IDMS’s president, also added “In an effort to avoid penalties pursuant to IRC §6721 and §6722, Account Ability also includes free Bulk Taxpayer Identification Number (TIN) Matching for recipients of Form 1099-K”.
In an effort to minimize the learning curve, IDMS provides free unlimited toll free support to all of its users. Kim Douglass of Field Asset Services adds "When it comes to customer service, your company has been the best I’ve had the pleasure to work with. I know I can always count on you guys to either have the answers or guide me in the right direction. I want to take this opportunity to give you guys the recognition you deserve for all of your hard work."
For more information, contact IDMS Account Ability toll free at either 800-582-5831, 888-IDMSINC (436-7462) or visit http://www.IDMSInc.com.