IRS Sec 6050W Form 1099-K Compliance: Integrated Data Management Systems Takes the Worry Out of 1099 and W-2 Compliance

Author: Integrated Data Management Systems, Inc.
Dateline: Melville, New York (MELVILLE, N.Y.)  | Mon, 21 Nov 2011

freeNewsArticles Story Summary: “Integrated Data Management Systems, Inc. (IDMS), a leading provider of W-2 and 1099 software, is helping small to medium-sized businesses prepare annual wage reports and information returns with the 2011 version of its Account Ability Tax Form Preparation software. Account Ability is IRS Sec 6050W Form 1099-K Compliant.”



A R T I C L E:

Integrated Data Management Systems, Inc. (IDMS), a leading provider of W-2 and 1099 software, is helping small to medium-sized businesses prepare annual wage reports and information returns with the 2011 version of its Account Ability Tax Form Preparation software. Account Ability is IRS Sec 6039 Form 3921, 3922 Compliant.

This tax preparation software is a comprehensive package of IRS forms that many competitors do not offer all in one place.

“Additionally,” says Jeffrey Goldstein, IDMS’s president, “Account Ability is the only software out there that provides free TIN (Taxpayer Identification Number) matching. This is a valuable asset because the IRS has recently doubled its penalties for incorrect TINs.”

Drew University, an Account Ability user stated, “I just used your TIN matching program and it’s wonderful. Your IT department thought of everything and I am so impressed. It’s a wonderful tool that eliminated a lot of the stress and guess work regarding the 1099 process.”

Other hot features include: e-filing and e-delivery, plain paper reporting, import/export capabilities, 6039 compliance, 6050W compliance, unlimited client support and more.

Mar-Jac Poultry, another Account Ability client, had this to say about its mapping utility: “Account Ability is very user friendly, powerful, feature-filled tax form software and it costs a fraction of comparable products and/or services. Account Ability’s mapping utility is a tremendous tool that allows for easy drag and drop mapping. Account Ability did an A-1 job on it and made our annual W2 and 1099 reporting much easier. We used to do our W-2s and 1099s in house using a line/dot matrix printer. You can imagine the types of problems we had with the processed volume (1,877 W-2s and 208 1099s) like paper jams, ribbon jams, unclear prints, manually resending printouts and more. Ever since we started using Account Ability, the only issue we have now is to import our data into an ASCII file and map it to Account Ability using your free A-1 mapping utility.”

About IDMS:

During the past 25 years, more than 100,000 tax professionals have used Account Ability to file their information returns (1097-BTC, 1098, 1099, 3921, 3922, 5498, W-2G) and annual wage reports (W-2, W-2C).

As its motto states: “We are known by the companies we keep.” Its client roster includes: American Express; University of Notre Dame; Sunsweet; New York State Comptroller’s Office; Salvation Army; Virgin Atlantic; Lockheed Martin; Northrop Grumman; and many more.

To view a video that highlights the benefits and features of Account Ability software, visit: http://www.youtube.com/watch?v=Rr5LCK2TW5Q .

For more information or to download a free trial, visit: www.idmsinc.com or www.accountabilitysoftware.com – or call: 800-582-5831.

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Story Title: IRS Sec 6050W Form 1099-K Compliance: Integrated Data Management Systems Takes the Worry Out of 1099 and W-2 Compliance
• REFERENCE KEYWORDS/TERMS: IDMS Account Ability, Melville, New York, tax preparation software, Taxes and Accounting, Computing, Business, MELVILLE, N.Y..

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