W2 Mate users can E-File an unlimited number of W2 and 1099-NEC statements with New Jersey
CHICAGO (PRWEB) January 04, 2021
Real Business Solutions (http://www.W2Mate.com/), tax software maker, has released a new version of W2 Mate® 2020 to comply with the latest W2 / 1099 electronic filing specifications for the state of New Jersey.
Beginning with Tax Year 2020, New Jersey is implementing mandatory electronic filing for all employer year-end filings and statements. Use W2 Mate to create 1099-NEC e-File submissions that comply with "NJ-WT and the 1099 electronic filing standards outlined in Pub 1220" and W2 E-File submissions that comply with “NJ-EFW2 Specifications for Reporting W-2 Information Via Electronic Filing”.
W2 Mate 2020 is available for immediate download from http://www.W2Mate.com/ , employers can order the software and receive it instantly.
Form 1099-NEC submission to New Jersey will differ from the submission to the IRS. All fields and data will be the same except for the addition of State Income Tax Withheld on the submission to New Jersey, which will appear in positions 723-734. For State Income Tax Withheld, the payment amount must be right justified and unused positions must be zero-filled.
To learn more about W2 Mate®, pleases visit http://www.W2Mate.com/W2-Mate.html.
New Jersey has special requirements for reporting W-2 Information. The E-File submission must include the following information in addition to what is required by the SSA: Private Family Leave Insurance Plan Number, Family Leave Insurance Withheld, Private Disability Plan Number, NJ unemployment insurance withheld, Disability Insurance Withheld and Deferred Compensation Amount.
W2 Mate also supports the ability to generate secure, encrypted and ready-to-email PDF w-2 forms. Employers can send PDF W-2s to their employees instead of the paper forms. According to IRS regulations, taxpayers are permitted to furnish W2 statements to employees through any electronic means to which the employee consents (agrees to), including by e-mail. The electronic version of the Form W-2 (PDF file) generated by W2 Mate contains all required information and complies with applicable government procedures relating to substitute statements to employees / recipients.
Before E-Filing with New Jersey, data needs to be entered inside W2 Mate software. 1099-NEC records can be typed manually or imported from Excel spreadsheet, QuickBooks, Sage 50, Dynamics GP and other accounting sources. For Intuit QuickBooks users, W2 Mate can import data from the following versions: Pro, Premier Accountants Edition, Premier Professional Services Edition, Premier Contractor, Premier Nonprofit Edition, Premier Manufacturing & Wholesale and Enterprise Solutions.
In addition to New Jersey, W2 Mate also offer 1099-NEC e-File for the following states: Arizona, Arkansas, Delaware, District of Columbia, Georgia, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, Oregon, Vermont, Virginia, West Virginia, and Wisconsin.
Give the W2 E-File utility a test drive and start saving time and money while processing W2s and 1099s. Visit http://www.W2Mate.com/.