IRS Releases New 1099-MISC E-File Specs, W2 Mate® Updated

1099-MISC e-file module inside W2 Mate software has been updated to support latest IRS specifications for filing "1099 Miscellaneous Income" forms electronically

Dec 02, 2013, 05:05 ET from Real Business Solutions

CHICAGO, Dec. 2, 2013 /PRNewswire/ -- W2 Mate® software by Real Business Solutions, today announced that the 1099 MISC Electronic filing module is ready with latest IRS updates for the 2013 / 2014 tax season.  Among other changes, form 1099-MISC "Foreign Tax Paid" field has been added to the Payer "A" Record, under field positions 28-43, with the amount code "9". For the new tax season, the IRS 1099 E-File System will be available from January 21, 2014, through December 12, 2014. For 1099-MISC e-filers who want to run tests before sending live data, the IRS 1099 E-File Test System is available from November 12, 2013, through February 28, 2014.


W2 Mate software offers free trial for the 1099-MISC processing capability through the following link:

W2 Mate 2013 can generate 1099-MISC electronic filing submissions ready to upload to the IRS FIRE System. Several states have implemented W2 and 1099 electronic filing regulations, using the IRS and SSA reporting requirements as a basis. W2 Mate users who file 1099s for recipients who live or work in the states that comply with IRS publication 1220 can file their state information using the W2 Mate 1099 electronic reporting module. And users, who file W2s for employees who live or work in the states that comply with 2013 SSA EFW2 specification (W2 electronic filing), can also use W2 Mate to file state W-2s electronically.

1099 electronic filing saves business filers time and money and helps them avoid harsh IRS penalties. W2 Mate is trusted by thousands of businesses nationwide, including accounting firms, credit unions, farms, hotels and many other great American businesses. W2 Mate is distributed electronically for instant download over the internet. The software can also be shipped on a CD. A free trial version is available at for evaluation. W2 Mate does not impose any limitations on the number recipients, filers, companies, EINs, forms or e-filing submissions.

In a statement Nancy Walters, W2 Mate product manager at Real Business Solutions said, "This new release of W2 Mate reflects our commitment to delivering green, affordable and easy-to-use 1099 filing solutions that help businesses and tax professionals, process IRS tax forms in-house."

As of 2013, W2 Mate supports electronic reporting for the following tax forms: W-2, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-K, 1099-S, 1098-T, 1098, 1099-A, 1099-B, 1099-C, 1099-PATR and 1099-OID.

W2 Mate imports 1099 data from Microsoft Excel, Intuit QuickBooks, Sage Peachtree, Sage 50, Microsoft Dynamics, Sage MAS 90, MAS 200, SAP, Sage DacEasy and spread sheets.

Give the 1099 electronic filing module from a test drive and see for yourself how easy 1099 reporting can be. Please visit the 1099 MISC E-File software program page:

SOURCE Real Business Solutions