LOS ANGELES, Jan. 20, 2018 /PRNewswire-PRWeb/ -- 1099
Pro, Inc. is an industry leader in business tax software solutions
with 20+ years' experience. Customers eager to tackle IRS and SSA
deadlines choose 1099 Pro year-after-year for their Software,
Service Bureau and Support Teams. User-friendly 1099 Pro, W-2 Pro,
1042-S Pro, 8966 Pro and CRS Pro software products feature sample
import files, a prior year Roll Forward Utility and simplified
wizard interfaces. The SSAE 18 SOC I Type II certified Service
Bureau is available to Print/Mail/eFile forms at economical rates.
1099 Pro Sales, Service Bureau and Support Teams are experienced,
ready and secure—let them help you have your most successful tax
season yet!
EXTENDED JANUARY SUPPORT
Team 1099 Pro knows that January is a high-priority month for
filers and offers January weekend support with extended hours and
increased staff. Support options include the 1099 Pro Wiki, 1099
Pro Video Tutorials, Live Chat, context-sensitive help screens and
complimentary email and phone support.
DEADLINES
Filers are encouraged to review critical deadlines to avoid
significant IRS / SSA penalties for late filing. 1099 Pro Service
Bureau customers should request their Service Bureau Upload Dates
now; software must be renewed prior to scheduling and preferential
upload dates go quickly.
- 1/31/2018—Print/Mail Forms W-2 and 1098/1099/392X/5498/W-2G
Informational Returns to Recipients
- 1/31/2018—eFile Forms W-2 and 1099-MISC, Box 7/NEC
- 3/02/2018—Print/Mail ACA Forms 1095-B/1095-C
- 3/15/2018—Print/Mail and eFile Forms 1042-S
- 4/02/2018—eFile 1098/1099/392X/W-2G Informational Returns* and
ACA Forms
- 5/31/2018—eFile Forms 5498, 5498-ESA, and 5498-SA
- Excludes 1099-MISC, Box 7/NEC
IMPORT TEMPLATES
All 1099 Pro Software installs include sample import files in
Microsoft Excel format. The 1099 Pro WIKI provides these import
files plus detailed description of form specific fields and fast
access to TY 2017 IRS / SSA forms and instructions; see updated
1099/W-2/1042-S/CRS Software field specifications. Users are
strongly encouraged to review sample import files prior to creating
their data file.
TAX FORM CHANGES
IRS/SSA form changes are numerous for 2017 including:
- Form 1042-S—Extensive changes including new Unique Form
Identifier field, removal of Recipient TIN Type and U.S. Federal
Tax Withheld Indicator fields, changes to Codes 33, 36-38 and 54
and more.
- Form 1098—Renumbered Box 10 Number of Mortgaged Properties and
new Box 11 Other.
- Form 1098-T—New Rcp Tin Checkbox and Announcement 2016-42
regarding Limited Penalty Relief.
- Form 1099-OID—2016 Boxes 11-13 renumbered Boxes 12-14 and new
Box 11 Tax Exempt OID.
- Form 1099-S—2016 Box 5 Buyer's Part of Real Estate Tax is now
Box 6 and new Box 5 checkbox.
- Form 5498—Report late rollover contributions in Boxes 13a,
13b and 13c. Form W-2—New Box 12 code
FF, introduction of leave-based donation programs and increased
penalties.
- Form W-2G—Box 1 Gross winnings is now Reportable Winnings.
STATE DIRECT REPORTING
The Combined Federal State Filing (CFSF) Program allows filers to
submit forms directly to participating states when electronic
filing with the IRS. The 1099 Pro Service Bureau automatically
submits forms to the CFSF on behalf of filers at no additional
cost. Unfortunately, numerous states and tax form types do not
participate in this program. Thus, 1099 Pro customers turn to 1099
Pro Enterprise, Corporate Suite and W-2 Pro software to generate
their own state subset files suitable for filing directly with
those states that require direct reporting. Additionally, an
increasing number of states require earlier, January 31st, reporting deadlines, such as: AR,
AZ, CT, DE, GA, KS, ME, MN, MO*, MS*, MT, and NE. Other states,
such as OR and WI, now allow only electronic filing—as opposed to
paper filing—of virtually all tax forms. Filers reporting in these
states should be aware of the updated filing requirements for Tax
Year 2017 and ensure they have the proper 1099 Pro software in
place before proceeding. 1099 Pro even provides a specialized
utility, eFileViewer®, that allows customers to edit state files in
order to add state specific information, such as the state
reconciliation form data, that can be required in the states'
electronic files.
*Filing deadline is February
28th
SERVICE BUREAU SAVES TIME, EFFORT AND MONEY
On 12/10/2017 the IRS introduced
Secure Access, a required two-factor authentication process for
those users uploading directly to the FIRE Site. Users unable or
not interested in completing Secure Access should consider the 1099
Pro Service Bureau for their eFiling and bulk Name/TIN matching
needs.
1099 Pro, W-2 Pro, 1042-S Pro and 8966 Pro 2017 are available
now for immediate purchase and download. Competitively priced, the
demo version converts quickly into the full version upon purchase.
Professional, Enterprise and Corporate Suite versions—in single and
multi-user installs—are available to meet all users' needs.
Technical Support is always complimentary. Please see
https://www.1099pro.com/products.asp for further details or contact
1099 Pro Sales at (888) 776-1099.
ABOUT 1099 PRO, INC.
Since 1989, 1099 Pro, Inc. has produced industry-leading tax
reporting software for 1099 Informational Returns, W-2, 1042-S and
FATCA 8966 forms. 1099 Pro software imports ASCII data and
processes printing, electronic filing and corrections. 1099 Pro's
hosting and data facilities are SSAE 16 SOC I Type II certified.
1099 Pro, Inc. proudly entered the Common Reporting Software / AEOI
Reporting Software field in Tax Year 2016.
SOURCE 1099 Pro, Inc.