1099fire.com Announces 2012 Software Changes for IRS Form 1099-B

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1099FIRE launched new IRS filing software that covers all the 1099-B printing and electronic reporting needs of brokers, barter exchanges, businesses, CPAs, and tax professionals. The 1099-B software provides all the capabilities users need to import, print, and E-File IRS 1099-B Forms - Proceeds from Broker and Barter Exchange Transactions.

1099-B software

1099-B software

The 1099-B software makes it easy to import from Excel or CSV, print, and electronically file 1099-B Forms - Proceeds from Broker and Barter Exchange Transactions.

1099FIRE has released its 2012 version of its 1099-B software for paper and electronic filing of broker and barter exchange transactions. The 1099-B software makes it easy to import from Excel or CSV, print, and electronically file 1099-B Forms - Proceeds from Broker and Barter Exchange Transactions.

Changes to IRS Form 1099-B were introduced by the IRS for tax year 2011. A new box has been added to report the date of acquisition, cost or other basis, amount of loss disallowed due to a wash sale, and whether the gain or loss is short-term or long-term. The 1099-B software developed by 1099fire has been adjusted to include this changes.

A free demo of 1099-B software can be downloaded by visiting 1099fire.com. Software features of the 1099-B software include:

  • Import from Excel or CSV file format. Sample excel spreadsheets can be downloaded here http://www.1099fire.com/support/import/index.htm
  • Print unlimited recipient and payer copies on plain paper with black ink.
  • Unlimited 1099-B electronic filing via the IRS FIRE system.
  • Unlimited technical support by phone or e-mail.

Electronically Deliver Copy B...

Printing, folding, stuffing, sealing and postage (44 cents) brings the overall cost of mailing Copy B to recipients to 78 cents or more per mailing, depending on how many mailings you are sending out. There is a cheaper, quicker, easier and more effective way of sending out Copy B to recipients and that is to electronically deliver Copy B.

One way to reduce the cost of mailing is to electronically deliver the 1099 information return. “1099FIRE can import your data from Excel, convert each record to an individual PDF file and bulk upload each PDF to our secure server,” said Erich Ruth, Technical Support for 1099FIRE. Clients then receive an email notifying them of the tax form and a link where they can view and/or download the PDF file. Electronically deliver eliminates the need to print and mail which in turn saves you time and money.

About 1099FIRE:

1099FIRE is dedicated to providing feature-rich 1042-S, 1097-BTC, 1098, 1099, 3921, 3922, 5498, 8027, 8955-SSA, W-2G and W-2 software. Import, print and eFile 1099 forms the quick and easy way!

1099FIRE is a market-leading provider of information-reporting solutions and services for 1099, W-2 and 1042-S filers. 1099FIRE develops and markets a comprehensive range of products that enables any size business or institution to effectively comply with all 1099, W-2 and 1042-S filing requirements.

Have 1099FIRE Service Bureau handle all of your printing/mailing and IRS filing needs - it's secure, affordable and stress free!

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Erich J. Ruth

Robert Huffman
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