Chicago, IL (PRWEB) December 25, 2013
Real Business Solutions (http://www.realtaxtools.com) is proud to present the 2013 1099-K processing module available inside its W2 Mate software. The affordable and easy-to-use system helps taxicab, limousine, fleet and other for-hire transportation companies comply with the Internal Revenue Service 1099 reporting regulations. The 2013 program gives filers and tax practitioners all the features they need to file 1099-K forms on paper or electronically through the IRS FIRE System.
W2 Mate is ideal for filers affected by the “Aggregate Payee” rule, where a company must file Form 1099-K for each independent contractor (driver) who accepts credit card payments using the company’s merchant account. W2 Mate does not impose any limitations on the number of drivers or recipients. Whether filing 50 or 10,000 1099-K forms, W2 Mate costs the same.
Free trial download of the 2013 software is available from http://www.realtaxtools.com/ or by calling 1-800-507-1992.
Thanks to its blank form printing capability, W2 Mate 2013 software saves transportation companies time and money by printing 2013 1099-K forms copy B (for recipient) and Copy C (for payer) on regular white paper using black ink. This eliminates the need to buy expensive laser forms. The software also prints copies 1 and 2 that were introduced by the IRS starting in 2013. All substitute forms generated by the 1099 printing software comply with IRS publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S).
For the 2013 / 2014 tax season, transportation companies must send a copy of the Form 1099-K to the recipient (cab / limousine driver) not later than January 31, 2014. The IRS copy must be filed not later than Friday February 28, 2014. For electronic filers the deadline to send 1099-K forms to the IRS is Monday March 31, 2014.
2013 W2 Mate is designed to provide accounting professionals or business users with year-end information reporting capabilities. The network-ready 1099 software can be used to manage multiple payers/clients and includes preparation for 2013 / 2014 forms W-2, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR, 1099-K, 1099-OID, 1096, and W-3. W2 Mate system enables users to produce all copies of forms for paper-based or electronic filing to the SSA, IRS and states that support the combined filing program.
W2 Mate 2013 engineers have developed a unique and exclusive mechanism for importing 1099 data from different tax and ERP software and then map it into different types of 1099 forms. For example MS Dynamics users can use W2 Mate to import data stored as 1099-MISC and map it into 1099-K form with one click. Once the 2013 forms are imported inside W2 Mate, they can be reported to the IRS on paper or through electronic filing.
The IRS FIRE (Filing Information Returns Electronically) system is set up for financial institutions and others to file Information Return Forms 1042-S, 1097, 1098, 1099, 3921, 3922, 5498, 8027, 8935, or W-2G. An Information Return is a tax document required by Internal Revenue Code regulations and is used to report certain types of payments made by financial institutions and others who make payments as a part of their trade or business. The IRS describes electronic filing as "The hottest way to file your Information Returns with the coolest results". E-filing W2s and 1099s using W2 Mate 2013 is easy and affordable.
Risk-free trial of W2 Mate 2013 can be downloaded from http://www.realtaxtools.com/ . Customers can purchase W2 Mate and receive it instantly.
You can contact Real Business Solutions by calling 1-800-507-1992 or visiting http://www.realtaxtools.com/.