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SOURCE: Real Business Solutions
1099 PATR reporting software has been released by Real Business Solutions for the 2013 tax season. Free trial available at http://www.W2Mate.com/.
Chicago, IL (PRWEB) January 17, 2013
Real Business Solutions (W2Mate.com) launched new 1099 patronage processing module that covers all the 1099-PATR electronic delivery, filing and printing requirements of cooperatives, farms, credit unions, CPAs, and tax professionals. The 1099-PATR software provides all the functions users need to key-in, import, review, prepare, PDF, print, and E-mail and Efile IRS 1099-PATR Forms - Taxable Distributions Received From Cooperatives. W2 Mate software imports data from Sage 50, Intuit QuickBooks, Sage Peachtree, Sage DacEasy, Microsoft Dynamics GP / SL, Excel, Publication 1220 format and other sources. Free 1099-PATR software trial is available at http://www.W2Mate.com.
Real Business Solutions has been developing year-end compliance software and solutions for small business and accounting professionals since 2003. W2 Mate 2012, the W2 1099 processing program offered by the company, provides compliance tools for paper and electronic filing of 2012 federal and state 1099, W-2 and series forms including W2, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, W-3, 1096, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-K, 1099-PATR and 1099-OID.
In a statement Nancy Walters, W2 Mate product manager at Real Business Solutions said, "At Real Business Solutions, we focus on building affordable and reliable W2 1099 processing solutions for business filers, CPAs and accountants."
Form 1099-PATR is furnished for each person to whom the cooperative has paid at least $10 in patronage dividends and other distributions described in section 6044-b (Returns regarding payments of patronage dividends) or from whom the cooperative withheld any federal income tax under the backup withholding rules regardless of the amount of the payment. A cooperative determined to be primarily engaged in the retail sale of goods or services that are generally for personal, living, or family use of the members may ask for and receive exemption from filing Form 1099-PATR. Dividends paid on a cooperative's capital stock is reported on Form 1099-DIV, Dividends and Distributions.
A free 2012 1099-PATR print and e-file software 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-PATR. 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-PATR this year can rely on W2 Mate for all their 2012 / 2013 filing needs.
W2 Mate is the perfect software program for business filers looking for answers to questions like how and when to send 1099PATR in 2013, how to complete 2012 1099-PATR forms electronically, how to file 1099's with state of Iowa, how to print 1099-PATR in QuickBooks, how to print 1099 PATR on preprinted forms and many other similar questions.
1099 Efiling is mandatory for those payors /filers with 250 or more forms. 1099 forms may be e-filed by using the IRS FIRE System on or before March 31st of the year following the reporting period. The 1099 electronic processing module that ships with W2 Mate provides the capabilities for E-Filing the following forms with the government: W2, 1099-MISC, 1099-INT, 1099-DIV, 1099-K, 1099-R, W-3, 1096, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR and 1099-OID.
W2 Mate Software Highlights:
Free 2012 W2 1099 software trial can be downloaded from http://www.realtaxtools.com/. Customers can purchase the software and receive it instantly.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/1099-PATR/prweb10331691.htm
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