Best 1099 Software Packages for Accounting & CPA Firms

Best 1099 Software Packages for Accounting & CPA Firms


1099 Software for Accountants

As an accountant, there are many features to consider when choosing 1099 software that is suitable for processing year-end information returns for your clients. Okay, you know you need to print recipient copies, but what about 1099 electronic filing? Importing names and dollar amounts from spreadsheets or accounting systems? State reporting, TIN matching, networking and more?

This article covers the main features of a good accountant 1099 software and three of the 2018 software packages you can evaluate before deciding on a product that fits your specific needs for the coming 2019 tax season.

The three products covered in this article are 2018 W2 Mate W2 / 1099 software by RealTaxTools.com, Intuit TurboTax Business, and Wolters Kluwer W2 / 1099 by CCH.

W2 Mate W2 / 1099 software by RealTaxTools.com

W2 Mate is on-premise (installed and runs on computers on the premises) W2 and 1099 filing software that gives accountants the ability to process unlimited 1099 forms for one flat fee.

Website Address: Realtaxtools.com

Phone Number: 1-800-507-1992

1099 Forms supported: 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.

Networking Support: Yes, up to 20 computers.

Recipient Copies: Yes with ability to print on white paper.

Federal 1099 Support: Yes through paper and e-File with IRS FIRE System.

State 1099 Support: Yes through paper and e-File with state DOR website in addition to states that participate in the combined fed / state program.

TIN Matching: Yes through the e-File engine.

Ability to track filing status: Yes.

Numbers of forms supported: Unlimited.

Import from QuickBooks: Yes.

Import from Sage 50: Yes.

Import from Dynamics GP: Yes.

Import from Other Accounting Software: Yes. Some products include Bill.com, Abila, NewViews Accounting Software, JD Edwards, Compeat Restaurant Accounting System, Zoho Books, AccountEdge accounting software, FreshBooks, GreenSlate Accounting Software, TOPS ONE Condo and HOA Management Software, ParishSOFT Accounting Software, Aplos Nonprofit Software, BMS CaseLink Office / TrustWorks and AccountEdge Software.

Ability to Copy and Paste 1099-MISC Recipients between Companies: Yes.

Price: Pricing for W2 Mate starts at $39. A number of add-ons can be purchased on top of the basic software to supports features such as e-File and import.

To learn more about W2 Mate you can visit https://www.realtaxtools.com/W2-Mate.html or call 1-800-507-1992.

 

TurboTax Business by Intuit

TurboTax is one of the most popular tax preparation software packages in the United States. TurboTax Business is available as a compact disk (CD) or through digital download. Although TurboTax Business Is marketed for small businesses, it’s utilized by accounting firms and small CPA practices nationwide.

Website Address: Intuit

1099 Forms supported: 1099-MISC, 1099-INT, and 1099-DIV forms.

Networking Support: One computer installation.

Recipient Copies: Supported with ability to print on white paper.

Federal 1099 Support: To print and mail 1099s select the Desktop option in the Prepare W-2/1099 screen. To file 1099s electronically use the TurboTax Quick Employer Forms (online feature). If you need to prepare 1099 interest or 1099 dividend forms, you can’t use paper filing and have to use the online feature.

State 1099 Support: Paper only. Does not support E-filing any state employer forms.

TIN Matching: Not supported.

Ability to track filing status: Yes (for e-File).

Numbers of forms supported: Unlimited.

Import from QuickBooks: Yes.

Import from Sage 50: No.

Import from Dynamics GP: No.

Import from Other Accounting Software: None.

Ability to Copy and Paste 1099-MISC Recipients between Companies: No.

Price: $169.99

Wolters Kluwer W2 / 1099 by CCH

Wolters Kluwer W2 / 1099 best fits small to medium accounting firms that already use other accounting / tax products offered by CCH.

Website Address: CCH

1099 Forms supported: Most forms in the 1099 / 1098 series and 5498s.

Networking Support: Yes, supports multiple system users.

Recipient Copies: Prepares both 1099 and 1098 forms that can be distributed to recipients.

Federal 1099 Support: Yes

State 1099 Support: Yes

Ability to track filing status: Yes.

Numbers of forms supported: Unlimited number of clients, payers, and recipients.

Import from QuickBooks: Yes.

Import from Sage 50: Yes.

Import from Dynamics GP: Not supported.

Import from Other Accounting Software: ATX and TaxWise.

Price: This is an add-on product that you can’t use as stand-alone 1099 software. You will need to also have a license for Client Accounting Suite, ATX or TaxWise. The price of the Wolters Kluwer W2  / 1099 addon is $239.00 and you have to pay $1.50 per return e-Filed.