Chicago, IL (PRWEB) January 10, 2013
Real Business Solutions, payroll and 1099 solutions provider, today announced the release of the 2012 1099-MISC electronic reporting module for their flagship product, W2 Mate. The new software supports the latest 1099-MISC EFile format as defined by Internal Revenue Service Publication 1220 (Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W2-G Electronically). Free trial download of the new software is available from http://www.W2Mate.com/ .
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."
The 2012 1099 E-filing module, which ships with W2 Mate prepares an unlimited number of electronic filing submissions which comply with IRS publication 1220. 1099 E-filing is easy to use, efficient, fast, flexible and above all very affordable. Business filers can use W2 Mate to e-file many types of 1099 forms including 1099-MISC.
In a statement Nancy Walters, W2 Mate product manager at Real Business Solutions said, "W2 Mate W2 1099 program is a special breed of applications that fills a niche often left by many tax systems. W2 Mate makes the compliance tasks associated with W2 1099 reporting easy and affordable for both businesses and tax professionals."
A free 2012 1099 MISC program evaluation can be downloaded from http://www.W2Mate.com. Customers can purchase the software and receive it instantly.
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-MISC. 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-MISC this year can rely on W2 Mate for all their 2012 / 2013 filing needs.
W2 Mate Software Highlights:
A free evaluation of W2 Mate 2012 can be downloaded from http://www.W2Mate.com/. Customers can purchase the software and receive it instantly.
About Real Business Solutions: Established in 2003, Real Business Solutions is an industry leader in providing payroll tax software, W-2 1099 printing and E-Filing programs, tax forms and supplies. Real Business Solutions products are used by thousands of businesses, tax professionals, non-profit organization, and government agencies all across America. The Company's mission has been to provide powerful and great value software solutions coupled with high quality customer service.