Comparison of Top 1099 E-File service & Software Providers

Comparison of Top 1099 E-File service & Software Providers

1099 Filing October 11, 2014
1099 E-File Reviews

Breakdown of the 1099 E-File capabilities of W2 Mate software, Intuit 1099 E-File service, Track1099 online information return submission solution and Yearli Desktop 1099 program for Microsoft Windows users.

Comparison criteria:

  1. Types of 1099 forms supported.
  2. Pricing.
  3. Data import capability.
  4. Technical support.
  5. Ability to email forms to contractors / recipients.
  6. State reporting.
  7. TIN Matching -verifying recipient tax IDs.
  8. Ease of use.
  9. Data validation.

W2 Mate W2 / 1099 Software

 

W2-Mate-Logo

  • W2 Mate is popular desktop-based W2 and 1099 electronic filing software used by thousands of businesses and tax professionals nationwide.
  • W2 Mate supports 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 forms.
  • W2 Mate offers flat pricing of $159 for unlimited forms, filers and employers. W2 Mate does not charge per form, which makes it more attractive for users filing 50 or more forms. If you are filing 250 forms (the IRS threshold for e-Filing), you will pay $159.
  • W2 Mate can import data from QuickBooks, Peachtree, Sage 50, Microsoft Dynamics, Sage DacEasy, IRS and SSA e-File formats, Intacct accounting and more.
  • W2 Mate offers technical support by phone, email, chat, interactive Q&A website, online tutorial sites and more.
  • W2 Mate can create password-protected PDF files for W2 and 1099 forms ready to email to recipients and employees.
  • W2 Mate supports most states and not only the 32 states that participate in the combined fed/state filing program.
  • W2 Mate also supports tax ID or TIN matching up to 100,000 records.

 

You can download free trial of W2 Mate by visiting:

http://www.realtaxtools.com/download-w2-mate-w2-1099-print-efile-software.html

 

Intuit 1099 E-file Service

  • Intuit 1099 E-file Service is the most popular online (cloud-based) solution for users who want to file 1099-MISC forms especially QuickBooks users. Pricing is great for users filing a few forms. If you are filing a large number of forms, then this service is not cost effective.
  • Types of 1099 forms supported: 1099-MISC forms only.
  • Pricing : $14.99 includes first 3 forms. Additional forms $3.99 each. Pricing is ideal if you are filing very few forms. If you are filing 250 forms (the IRS threshold for e-Filing), you will pay $1,000.
  • Data import capability: the Intuit 1099 E-file Service imports from QuickBooks only and not from any other software.
  • Technical support : the service comes with outstanding support
  • Ability to email forms to contractors / recipients: yes this capability is available and user-friendly.
  • State reporting : The Intuit 1099 E-file Service only supports the states that participate in the combined fed/state filing program.
  • TIN Matching -verifying recipient tax IDs : As of this writing, the Intuit 1099 E-file Service does not offer Tax ID verification.
  • Ease of use : very easy to use and access anywhere any time.
  • Data validation : Very basic data validation.

 

Track1099 Service

 

  • Track1099 is one of the newer players in the area of 1099 reporting, but the service is becoming more popular each year mainly for its integration capabilities with other online solutions like Bill.com.
  • Types of 1099 forms supported :1099-MISC, 1099-INT, 1099-DIV, 1099-K, 1099-C, 1098 and 3921.
  • Pricing :First 3 forms $4.99 each, next 97 forms $1.99 each, from 101-500 $0.99 each. If you are filing 250 forms (the IRS threshold for e-Filing), you will pay $357.5
  • Data import capability :QuickBooks desktop, QuickBooks online, Xero and Bill.com.
  • Technical support :Support is available through email only.
  • Ability to email forms to contractors / recipients: Track1099 offers secure e-delivery for recipients with email.
  • State reporting :Only supports the states that participate in the combined fed/state filing program.
  • TIN Matching -verifying recipient tax IDs :Offers ability to create TIN matching file, but does not offer ability to parse/read the response you get back from IRS.
  • Ease of use :Easy to use user friendly.
  • Data validation :Very basic data validation similar to Intuit 1099 E-File service.
  • This software product is offered by Greatland Corporation and was formerly called WinFiler. It’s one of the oldest solutions on the market.
  • Types of 1099 forms supported :W-2, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-S, 1098, 1098-C, 1098-E, 1098-T, 1099-A, 1099-B, 1099-C, 1099-G, 1099-OID, 1099-PATR, 5498 and W-2G.
  • Pricing :This software is really expensive, but very powerful. Pricing is $399 per year plus $1.00 per form for Federal and State E-file. If you are filing 250 forms (the IRS threshold for e-Filing), you will pay $649.
  • Data import capability :QuickBooks desktop and excel format.
  • Technical support :Online chat, Email and Phone support.
  • Ability to email forms to contractors / recipients:We were unable to verify if this feature is available, this is why we gave the software 5 points out of 10.
  • State reporting : Offers best state reporting among applications reviewed.
  • TIN Matching -verifying recipient tax IDs :Supports TIN matching through the IRS and through their own in-house service.
  • Ease of use :Software is not very easy to use.
  • Data validation : Advanced data validation capabilities.

Even if you currently use 1099 E-File software or service not mentioned in this article, I highly recommend you take some time and explore each of the products reviewed. A great 1099 E-File solution makes 1099 compliance easy and saves you time and money. If you have a product or service you would like to share with us, please make sure to leave us a note in the comments section.