CHICAGO, Nov. 22, 2013 /PRNewswire/ -- W2 Mate, W2 and 1099 software, helps Oracle Payables users meet IRS and SSA regulations for filing W2 and 1099 tax forms for the 2013 / 2014 tax season. By utilizing W2 Mate, Oracle Payables users can save hundreds if not thousands of dollar on 1099 processing costs.

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Once data is imported form Oracle Payables into W2 Mate, through the easy-to-user import capability, users can utilize the electronic delivery feature to email 1099s to vendors, contractors and recipients. This solution eliminates the need for filing paper forms, which brings tangible savings to any organization required to file 1099's this tax season. Some of the benefits of delivering forms 1099 electronically to recipients include: saves money, increases efficiency, reduces environmental impact, makes 1099's easier to correct and gives recipients earlier access to their 1099s.

W2 Mate meets the 1099 electronic filing requirements of the IRS and a number of state departments of revenue by proving the ability to generate files in the IRS FIRE electronic filing format. The tax software also supports the EFW2 format for e-filing W-2's with the SSA and states that accept EFW2 submissions.

For Oracle Payables users who prefer to use paper, W2 Mate (http://www.realtaxtools.com/W2-Mate.html) offers blank form printing capability. This eliminates the need to buy expensive laser red-ink forms. All substitute forms generated by W2 Mate software comply with IRS publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S).

W2 Mate allows Oracle Payables users file the following IRS W2 / 1099 forms:

- 1099 MISC Forms: Miscellaneous Income

- 1099-INT Forms : Interest Income

- 1099-DIV Forms : Dividends and Distributions

- 1099-R Forms : Distributions From Pensions, Annuities, Retirement.

- 1098-T Forms : Tuition Statement.

- 1096 Forms : Annual Summary and Transmittal of U.S. Information Returns.

- 1099 K: Merchant Card and Third Party Network Payments.

- W2 Forms : Wage and Tax Statement.

- 1099-B Forms : Proceeds From Broker and Barter Exchange Transactions.

- 1099-PATR Forms : Taxable Distributions Received From Cooperatives.

- 1099-OID Forms : Original Issue Discount.

- 1099-S Forms: Proceeds From Real Estate Transactions.

- 1098 Forms : Mortgage Interest Statement.

- 1099-A Forms : Acquisition or Abandonment of Secured Property.

- 1099-C Forms : Cancellation of Debt.

W2 Mate also supports Bulk TIN Matching which gives 1099 payers the ability to check the TIN (Taxpayer Identification Number) provided by the payee (recipient) against the IRS records.

Visit http://www.realtaxtools.com/ to download a free trial.

SOURCE Real Business Solutions

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