|
All merchants who accept payments through
credit cards, debit cards, gift cards and PayPal will receive
information returns telling them - and the IRS - the gross
amount of the merchant card transactions. This will be broken
down month by month. While the form uses the word "card," the
IRS has made it clear that this is interpreted broadly to
include third-party network transactions (i.e., PayPal).
Exception: Very small merchants
won't be issued information returns. "Small" for this purpose
means annual gross sales on merchant cards of no more than
$20,000 or 200 or fewer transactions. In other words, reporting
is required only if gross amounts for the year exceed $20,000
AND there are more than 200 transactions.
| New tax law for online sellers
Everything you need to know about
IRS 6050W |
Import...
Type information on the screen as it would be
typed on the form itself. Or
import the data
from Excel, csv file format. Its easy to do.
Print...
Our 1099-K software prints
on
the following official IRS laser forms:
Adjust the
vertical and
horizontal printing offsets so that your data prints perfectly on the form each
and every time.
Copy B and C
can be printed on plain paper with black ink.
Copy B can be printed with or without
instructions and SSN masking.
Convert any
form to a secure PDF and email to clients.
One Touch E-Filing...
File unlimited 1099-K's
electronically with the IRS.
Our software
creates
files in the format required by the IRS for electronic
transmission. The system is updated each year to reflect the
format changes that are made by the IRS.
1099FIRE is the
only company to offer
OneTouch™
E-Filing. Just click a
button and the software will automatically log in and upload
your file to the IRS FIRE system. You will receive verification
within seconds of receipt of your file.
Other Features...
Technical
support is provided at no extra charge for the tax year
that the software was purchased.
Free live update feature helps us
communicate with you, the customer, and keep you up-to-date with the latest form
revisions.
Data entered
may be stored
anywhere on your hard drive, portable drives, network drives or external diskettes
for quick retrieval. You can also export your
data to a csv file format.
Store Payer
and/or Payee contact information for quick form entry to reduce repetitive typing.
Due Dates...
Furnish Copy B to the
payer by
January 31, 2013.
File Copy A of this form with the
IRS by February 28, 2013. If you file electronically, the due date is
April 1, 2013.
Screenshots: (when viewing
these images in internet explorer, you might have to click on the image a 2nd time
to view at full size)
|
 |
|
|
1096 Data Entry |
|
Service
Bureau...
Filing information
returns can be stressful. We can help eliminate the stress of
filing information returns by providing complete, secure
outsourcing solutions for 1097, 1098, 1099, 3921, 3922, 5498,
8027, 8955-SSA, W-2,
W-2G and 1042-S eFiling and
Forms Management.
Stay compliant, reduce administrative costs and know that the
job will get done right.
|
