Chicago, IL (PRWEB) January 05, 2014
W2 Mate software (http://www.realtaxtools.com/ ) offers a number of exciting features to QuickBooks and other accounting software users to simplify W2 1099 processing this tax season. W2 Mate can print 1099 recipient copies on white paper, supports TIN matching, pressure seal 1099 forms, 1099 corrections, 1099 e-mailer, PDF 1099 and much more.
The QuickBooks import wizard that ships with W2 Mate software is one of the most advanced, yet easy to use QB import utilities available in the industry. W2 Mate directly connects to QuickBooks and extracts the information needed to print and electronically file QuickBooks 1099's and W2's. W2 Mate users can remap QuickBooks 1099 data into more than 14 types of IRS forms currently supported by W2 Mate including 1099- MISC, 1099-INT, 1099-B, 1099-DIV, 1099-R, 1099-S, 1098 and 1099-S.
Free trial download of 2013 W2 Mate software is available at http://www.realtaxtools.com/
Bulk TIN Matching gives 1099 payers the ability to check the TIN (Taxpayer Identification Number) provided by the payee (recipient) against IRS records. Through W2 Mate, QuickBooks users can generate TIN Matching requests according to IRS specifications in a special file format and then use IRS eServices website to transmit their requests. Within 24 hours of sending a request, the submitter will receive a response file, which indicates the status of each TIN/Name combination. W2 Mate users can read and analyze the response files received from the IRS e- Services website.
W2 Mate also supports SSN Masking (Truncating Tax IDs) on recipient 1099 forms. This feature is very important for privacy and security reasons. The SSN is truncated by replacing the first five digits of the nine-digit number with asterisks or Xs (for example, a social security number 123-45-6789 would appear on the paper payee statement as ***-**-6789 or XXX-XX-6789). Currently, the Internal Revenue Service allows only SSNs to be masked. EINs may not be masked.
W2 Mate saves users time and money by printing 2013 / 2014 1099-MISC forms copy B and Copy C on regular white paper. This eliminates the need to buy expensive laser red-ink forms. All substitute forms generated by this 1099-MISC software comply with 2013 IRS publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S). W2 Mate software supports more than 14 types of IRS 1099 forms including W-2, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-K, W-3, 1096, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR and 1099-OID.
Give W2 Mate software a test drive and see for yourself how easy QuickBooks 1099 filing can be. Visit http://www.realtaxtools.com/1099software/1099software.html .