CHICAGO, Jan. 14, 2013 /PRNewswire/ -- Real Business Solutions ( www.W2Mate.com) today announced new updates for the 2012 1099 electronic reporting software with support for the latest IRS FIRE System E-File formats and specifications. Free trial download of the new software is available for download from http://www.W2Mate.com/.
W2 Mate meets the 1099 electronic filing requirements of the IRS and a number of state departments of revenue by proving the ability to generate files in the IRS FIRE electronic filing format. The tax software also supports the EFW2 format for e-filing W-2's with the SSA and states that accept EFW2 submissions. W2 Mate was also the first software to introduce the ability to generate secure PDF 1099 and W-2 Forms.
In a statement Nancy Walters, W2 Mate product manager said, "Our team invested significant time and effort to develop an easy to use 1099 printing and E-filing solution. We are proud to introduce this Software to the business community because it will greatly reduce time and effort for 1099 compliance."W2 Mate supports filing the following forms: - 1099 MISC Forms: Miscellaneous Income. - 1099-INT Forms : Interest Income. - 1099-DIV Forms : Dividends and Distributions. - 1099-R Forms : Distributions From Pensions, Annuities, Retirement, etc. - 1098-T Forms : Tuition Statement. - 1096 Forms : Annual Summary and Transmittal of U.S. Information Returns. - 1099 K Forms: Merchant Card and Third Party Network Payments. - W-2 Forms : Wage and Tax Statement. - W-3 Forms : Transmittal of Wage and Tax Statements. - 1099-B Forms : Proceeds From Broker and Barter Exchange Transactions. - 1099-PATR Forms : Taxable Distributions Received From Cooperatives. - 1099-OID Forms : Original Issue Discount. - 1099-S Forms: Proceeds From Real Estate Transactions.