1098-T Electronic Filing and Blank Paper Printing Now Available from W2Mate.com or by calling 1-800-507-1992
Chicago, IL (PRWEB) January 12, 2015
2014 W2 Mate Software® (http://www.W2-Mate.com/ 1-800-507-1992) has been updated to include the latest Form 1098-T Tuition Statement printing and electronic filing support for the 2014 / 2015 tax season. The new software makes it easy for different types of educational institutions to print the 1098-T student copies on regular white paper and file the federal copy with the IRS by utilizing the IRS FIRE System. The software can also create password-protected PDF 1098-T forms which can be emailed to students instead of the paper copies.
The 1098-T electronic filing submissions created by W2 Mate® comply with the IRS regulations for the 1098-t electronic file layout as defined by Publication 1220. The blank 1098-T forms generated by W2 Mate comply with IRS publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns). Free trial download of W2 Mate 2014 is available from http://www.W2-Mate.com/ , filers can buy the software and receive it instantly.
Eligible educational institutions must file Form 1098-T, Tuition Statement for each student enrolled and for whom a reportable transaction is made. Insurers, file Form 1098-T for each individual to whom they made reimbursements or refunds of qualified tuition and related expenses.
Users of tax, ERP and accounting software systems like Microsoft Great Plains, Microsoft Dynamics GP /SL, Sage MAS 90, Sage MAS 200, SAP, Intuit QuickBooks, Sage Peachtree, Sage 50 and Sage DacEasy can save valuable time and money on 1098-T processing by using W2 Mate. W2 Mate 2014, not only ships with powerful 1098-T data import wizards, it has no limitations on number of companies, forms, recipients, or filers.
According to 2014 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 1098-T. 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 1098-T this year can rely on W2 Mate for all their 2014 / 2015 filing needs.
A free trial of W2 Mate 2014 can be downloaded from http://www.W2-Mate.com/ . Customers can purchase W2 Mate and receive it instantly.
1099 E-filing is easy to use, efficient, fast, flexible and affordable. The business 1099 electronic filing module inside W2 Mate 2014 prepares an unlimited number of E-File submissions which comply with IRS Specifications for Filing 2014 1098 and 1099 electronically. W2 Mate is the ideal solution for transmitting W2s and 1099s electronically in the 2014 / 2015 tax season.
W2 Mate Software Highlights:
Prepares unlimited number of 2014 1099 and W-2 tax forms for multiple employers and payers;
Fills in pre-printed 1099 Copy-A forms and prints other 1099 copies such as recipient and payer copies on plain paper using black ink;
Complies with 2014 IRS Specifications for Filing Forms 1099 Electronically and complies with SSA Specifications for Filing Forms W-2 Electronically (EFW2);
Generates ready-to-email 2014 W-2 forms and 1099 forms Which eliminates the need to print and email W2s and 1099s;
Government -approved to print W-2 and W3 tax forms on regular paper including federal copies;
Data import from leading tax, accounting and CRM software applications including Microsoft Dynamics (Great Plains), Intuit QuickBooks Payroll (W2s) and vendor (1099s), Sage Peachtree, Sage DacEasy, Excel and CSV;
Efficient and intuitive manual W2 / 1099 data entry;
Supports 1099MISC, 1099K, 1099INT, 1099DIV, 1099R, W2, W3, 1096, 1099S, 1098T, 1098, 1099A, 1099B, 1099C, 1099PATR, 1099OID;
Automatically calculates Social Security and Medicare taxes For paper filers 1096 and W3 are automatically generated;
Supports Windows 8, Windows 7, Windows Vista, Windows XP, Windows Server 2003, Windows 2000 or Windows 98;
Roll-over of payer and recipient information from year to year;
Password protection and data validation;
Generates printing labels, form totals and recipient lists;
Prompt, courteous and reliable US-based support through phone, chat or e-mail;
Network ready with affordable pricing for multiple seats;
Exports W2s and 1099s to excel;
1099 software that work with QuickBooks;
TIN matching and verification including reports for missing TINs and TIN matching errors;
On-premise software solution to be installed on individual computers / workstations;
Completes 1099 forms electronically;
Imports W2 data from EFW2 format;
Complete 1099 electronic filing software for accountants, CPAs and small business
A free 2014 IRS 1098-T printing software evaluation can be downloaded from http://www.W2-Mate.com. Customers can purchase the software and receive it instantly.