QuickBooks 1098T
QuickBooks 1098T forms can be printed using W2 Mate software, which can import data from QuickBooks and then map it into 1099 Tuition forms. W2 Mate can generate 1098-T forms for the IRS and for students. W2 Mate can also file electronically with the IRS FIRE System.
If you are interested in W2 Mate (a complete 1099 software for QuickBooks) you can download a free demo from this page:
http://www.realtaxtools.com/W2-Mate.html
QuickBooks 1098T Software Features
Review Criteria (Rating): Excellent, Very Good, Good, Fair or Poor |
W2 Mate software capabilities |
Print 1098-T Copy B For Student and Copy C For Filer on white paper. This feature is essential since schools and other educational institutions have a to file a huge number of 1098-T forms to students. Printing on white paper saves time and money. | Yes |
Print data on 1098-T copy A (for Internal Revenue Service Center) with the capability to move printed data up/down, left/right to achieve proper alignment | Yes |
No limitations imposed on the number of students or recipients | Yes |
Number of 1098 T filers such as schools, colleges and universities | Unlimited |
Ability to generate form 1096 with box “1098-T 91” checked | Yes |
Support for the following 1098 Tuition Statement boxes: Box 1. Payments Received for Qualified Tuition and Related Expenses, Box 2. Amounts Billed for Qualified Tuition and Related Expenses and Box 3. Checkbox for Change of Reporting Method | Yes |
QuickBooks integration with the ability to map 1099 data stored inside QB as 1098-T forms (many schools and colleges use QuickBooks and are required to file 1098 Tuition) | Yes |
1098T import from Sage Peachtree | Yes |
1098T import from Sage DacEasy | Yes |
Microsoft Dynamics (Great Plains) integration for importing and generating 1098-T forms | Yes |
Data import from Microsoft Excel and Comma Separated Value (CSV) files | Yes |
Support for the following boxes: Box 4. Adjustments Made for a Prior Year, Box 5. Scholarships or Grants and Box 6. Adjustments to Scholarships or Grants for a Prior Year | Yes |
Support for 1098-T electronic filing. Compliance with IRS publication 1220 by populating Code “8” under “Type of Return” in Payer “A” Record and proper values under positions 544-750 for Payee “B” Record including Half-time Student Indicator, Graduate Student Indicator, Academic Period Indicator and Method of Reporting Indicator. | Yes |
Ease of Use: Form 1098-T software should be easy to use no matter the level of computer and software programs skills | Very easy and simple to use |
Ability to create 1098T printing labels | Yes |
Includes 1098-T instructions such as: what to Report (Qualified tuition and related expenses, reimbursements or refunds, and scholarships or grants) and amounts to report. | Yes |
FREE Customer Support | Free technical support by phone, email and chat |
Limits on the total numbers of clients and recipients | No |
Data Backup: Keeping 1098-T forms data safe is essential. Backup and restore features guarantees data’s safety, even if its hardware fails. | Yes (backup and restore) |
How easy is the 1099 software program to install | Very easy |
Data Export: Exports 1098-T data to excel including account number, student’s address, student’s social security number and filer’s federal identification no. | Yes |
Intuitive interface, filer and student management screens | Yes |
Network Installation: 1098T Software can be installed on the network allowing users to log in from their own computers and giving supervisors access to 1098-T forms data from any machine. | Yes |
Email Support: Some 1098-T software vendors provide email support. Usually free of charge. | Yes (free) |
1098T Tutorials: Many vendors include tutorials, which walk the user through 1098-T printing and electronic filing editing step-by-step. | Yes |
Online Information/FAQs: Provides a FAQs page on the website to answer common questions about the 1098 Tuition Statement software. | Yes |
Phone Support: Provides customer service and technical support by phone 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 1098-T recipient and so on | Yes (free) |
Strong Help utility/assistive features | Yes |
1098 T 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 1098-T applications on your Mac such as Parallels |