CHICAGO, Jan. 10, 2012 /PRNewswire/ -- W2 Mate software (www.W2Mate.com) today announced the release of its 2011 / 2012 1099-R processing module. Orienting its efforts towards the 1099 filing and reporting market, Illinois-based W2 Mate Software has been successful in helping businesses filers and tax professionals submit hundreds of thousands of information returns over the past few years. W2 Mate is an extremely user-friendly, windows-based program that covers all the 1099 printing and electronic filing needs of corporations, banks, financial intuitions, businesses, CPAs and tax professionals.
Filers are required by the IRS to furnish 2011 1099-R forms (Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.) to recipients by January 31, 2012. The deadline for filing with the IRS is February 28, 2012. When filing electronically, the due date is April 2, 2012.
W2 Mate is distributed electronically for instant download over the internet. The software can also be shipped on a CD. A free fully-featured demo version is available at http://www.W2Mate.com/ for evaluation.
In a statement Nancy Walters, W2 Mate product manager said, "We have increased the inherent value of W2 Mate by adding advanced features that allow the software to import 1099 data from a variety of new sources including Sage Peachtree, MS Dynamics, MS Great Plains, QuickBooks and many more. Users of enterprise accounting software can greatly benefit from W2 Mate's powerful import capabilities and support for a wide variety of 1099 forms including 1099-R.".
Still, W2 Mate 2011 remains extraordinarily simple and easy to use. The program allows reporting most types of 1099 forms, including forms that are typically only supported by expensive 1099 filing solutions. W2 Mate software serves businesses and tax professionals across the US and Canada. Its current clients include accounting firms, banks, hotel chains, universities, municipalities, and hospitals, to mention a few.
As of 2011, W2 Mate supports printing and Electronic reporting for the following IRS and SSA forms: 1099-R, W-2, 1099-MISC, 1096, 1099-INT, 1099-DIV, W-3, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR and 1099-OID.
The 2011 1099-R software saves users time and money by printing 1099-R recipient copies on regular paper. The program makes electronic filing of 1099 Retirement forms as simple as uploading a file to a website. Thanks to its powerful import wizard, this 1099 software can remap 1099 data stored inside different accounting packages into 1099-R forms. W2 Mate can import data from Sage Peachtree, Microsoft Dynamics, Intuit QuickBooks, Sage DacEasy, excel and many other sources.
Give the 1099-R Software from W2Mate.com a test drive and see for yourself how easy 1099 reporting can be. Visit 1099-R software page.