1099 Miscellaneous Software Features
1099 Miscellaneous Software helps filers and tax professionals prepare Miscellaneous Income tax forms. In this post we will discuss the features of W2 Mate software and how it compares to other 1099 MISC software applications.
If you are interested in W2 Mate (a full w2 and 1099 printing and e-filing software) you can download a free demo from this page:
http://www.realtaxtools.com/W2-Mate.html
1099 Miscellaneous Software Comparison Table
| Review Criteria (Rating) | W2 Mate software capabilities |
| Print 1099-MISC Copy B For Recipient, Copy C For Payer, 1099MISC Copy 1 For State Tax Department, Copy 2 To be filed with recipient’s state income tax return on white paper | Yes |
| Print data on 1099-MISC copy A (for Internal Revenue Service Center) with the ability to adjust offsets | Yes |
| Number of 1099 MISC recipients | Unlimited |
| Number of 1099 MISC payers such as companies, business owners, sole proprietors and self-employed taxpayers | Unlimited |
| Ability to generate form 1096 (Annual Summary and Transmittal of U.S. Information Returns) with box “1099-MISC 952” checked | Yes |
| Support for the following 1099 Miscellaneous Income boxes: Box 1. Rents, Box 2. Royalties, Box 3. Other Income, Box 4. Federal Income Tax Withheld, Box 5. Fishing Boat Proceeds and Box 6. Medical and Health Care Payments | Yes |
| 1099MISC import from Intuit QuickBooks with the ability to specify which box the amounts go to (for example Box 1 rents or Box 7 Nonemployee compensation) | Yes |
| 1099MISC import from Sage Peachtree (useful for Peachtree users trying to file 1099-MISC electronically) | Yes |
| 1099MISC import from Sage DacEasy | Yes |
| 1099MISC import from Microsoft Dynamics (Great Plains). Microsoft Dynamics support printing 1099-MISC, but does not support 1099-MISC e-File, this is why this feature is important to MS Dynamics users | Yes |
| Support for Section 409A Deferrals and Section 409A Income | Yes |
| Data import from Microsoft Excel and Comma Separated Value (CSV) files | Yes |
| Support for 1099-MISC electronic filing. Compliance with IRS publication 1220 by populating Code “A” under “Type of Return” in Payer “A” Record and proper values under positions 544-750 for Payee “B” Record. | Yes |
| Multiple-User: Does the software provide the ability to share data between multiple users? | Yes |
| Support for Combined Federal/State Filing Program for 1099-MISC electronic filing. | Yes |
| Ease of Use: 1099 software that is intuitive, easy to understand and has simple data entry screens. | Very easy and simple to use |
| Step-by-Step Guidance: Is step-by-step guidance available to the user within the 1099-MISC application? | Yes |
| Ability to create 1099MISC printing labels | Yes |
| Includes 1099-MISC instructions such as: what to Report (Rent or royalty payments; prizes and awards that are not for services. Payments to a physician, physicians’ corporation, or other supplier of health and medical services. Payments for services performed for a trade or business by people not treated as its employees. Examples: fees to subcontractors or directors and golden parachute payments.), amounts to report ($600 or more) | Yes |
| FREE Customer Support | Free technical support by phone, email and chat |
| Data Backup: Allows the user to backup and restore 1099 MISC data and records. | Yes |
| Data Export: Exports 1099-MISC data to excel including Nonemployee compensation, Excess golden parachute payments, Gross proceeds paid to an attorney, recipient’s name and Recipient’S identification number | Yes |
| Email Support: 1099-MISC Software technical support can be contacted by email. Usually free of charge | Yes (free) |
| 1099MISC Tutorials: Many vendors include tutorials, which walk the user through 1099-MISC printing and electronic filing editing step-by-step | Yes |
| FAQs / Knowledgebase: Provides a FAQs page on the website to answer common questions about the Miscellaneous Income software | Yes |
| Phone Support: Does purchase include telephone support free of charge? | Yes (free) |
| Live Chat Support: live chat button support where you can receive instant answers to your questions such as how to setup a 1099-MISC recipient and so on | Yes (free) |
| Help Documentation | Yes |
| 1099 MISC Software Supported Configurations | Windows 98, Me, 2000, XP, 2003 Server, Vista, Windows 7. |
| Supports MAC operating system | No, but you can use a solution for running Windows 1099-MISC applications on your Mac such as Parallels |