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The Internal Revenue Service Regulations outline the procedure for submitting year-end W-2 and 1099 information on computer-based electronic media. According to these regulations, companies reporting 250 or more W-2 or 1099 forms must file this information using electronic media. The simple, easy-to-use Electronic Reporting module for Sage MAS 90 and Sage MAS 200 ERP systems is designed to assist you in complying with these regulations.
The Electronic Reporting module provides the capabilities for reporting your wage and payment information from the Payroll and Accounts Payable modules, plus 1099-INT, 1099-DIV, and 1099-MISC information in the required format mandated by the federal government.
Electronic Reporting Highlights:
- Integrate with Payroll
- Integrate with Accounts Payable
- Provide state-specific reporting
- Perform test runs
- Create electronic media files for states using MMREF-1 or TIB-4 formats
For more information regarding the individual Resource & Project Management Modules, select any of the links below.
< Back To Resource & Project Management Summary |
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Electronic Reporting (PDF)
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Kodiak Northwest (PDF)
Standard Candy (PDF)
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With the 2006 tax year the IRS will require all Payroll and 1099 filings to be done electronically through the internet. They will no longer accept filings on any type of magnetic media. Sage MAS 90 and 200 will still create a data file that is compliant with the IRS published standards, but instead of writing the data to removable media, the program will put the data in a directory on the hard disk and notify the user of the file's location. Because of this change in government regulations, the Magnetic Media module has been renamed to Electronic Reporting to more accurately reflect the new process. |
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