Real Business Solutions has introduced its latest 1099 electronic filing software for the 2024 tax year, designed to help accountants and CPAs streamline tax reporting. The W2 Mate 2024 software provides unlimited e-filing capabilities compatible with both the IRS FIRE system and the new IRIS platform, ensuring compliance with current IRS electronic filing requirements. This release comes as electronic filing becomes mandatory for businesses submitting 10 or more returns, making such tools essential for tax professionals.
The software's E-File engine generates files in the IRS 1099 electronic filing format for the FIRE system and CSV format for the IRIS portal. It also supports the EFW2 format for e-filing W2 forms with the Social Security Administration and participating states. W2 Mate is among the first solutions to introduce secure PDF generation for 1099s and W2s, allowing email distribution to consenting employees as an alternative to paper copies. This feature supports environmental responsibility while meeting modern communication preferences.
With no limitations on recipients, filers, companies, EINs, forms, or e-filing submissions, W2 Mate offers a comprehensive solution for high-volume operations. The software supports federal e-filing and participates in combined federal and state filing programs for numerous states, including California, New York, and Texas. This broad state support makes it particularly valuable for firms handling documents across multiple jurisdictions, reducing the complexity of multi-state compliance.
Key to its functionality are robust data import capabilities. Users can import 1099 tax data from popular accounting software such as QuickBooks, Sage Peachtree, and Microsoft Dynamics, as well as from Microsoft Excel and CSV spreadsheets. This flexibility addresses diverse client needs and integrates with existing workflows, potentially reducing manual data entry errors and saving time during the busy tax season.
The software aligns with critical 2024 tax reporting deadlines. Form 1099-NEC must be filed by January 31, 2025, for both paper and electronic submissions. Other forms, including 1099-MISC, 1099-INT, 1099-DIV, and 1099-R, are due by February 28, 2025, for paper filers and March 31, 2025, for electronic filers. Real Business Solutions encourages electronic filing through the 1099 E-File modules for FIRE or IRIS systems, which can help professionals meet these deadlines more efficiently.
For tax professionals and businesses exploring streamlined 1099 reporting, Real Business Solutions offers a trial version of their software at https://www.realtaxtools.com/1099software/1099software.html. The release of W2 Mate 2024 addresses increasing regulatory complexity and the shift toward electronic submissions, positioning it as a vital tool for accuracy and compliance. As accounting firms adapt to evolving IRS requirements, such solutions help maintain competitive advantage and smooth operations during tax season, particularly with unlimited e-filing and extensive state program participation.
