ONESOURCE 1099 Software

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    • 12/2/2009
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ONESOURCE 1099 provides a robust software system that consolidates and centralizes your 1099 information reporting data. Use ONESOURCE 1099 software to:

  • Ensure regulatory compliance
  • Reduce costs
  • Improve processes
  • Save time

Simplify Your 1099 Processes

  • Supports Multiple Data Sources

  • Import 1099 data from single or multiple sources, including:

    • Commission System
    • P-card
    • Interest & Dividend Payment System
    • Claims System
    • Vendor System
    • Employee Benefits Payment System
  • Improves TIN compliance and B-Notice tracking

  • B-Notice Tracking
    ONESOURCE 1099 software keeps B-Notices for the current year plus the previous three tax years in the B-Notice database to comply with the "two in three years" rule set by the IRS. B-Notices can be entered manually, or B-Notice information can be imported into the system using the CP2100/B-Notice tape received from the IRS. If payees' account numbers are provided to the IRS when filed (this is now a required field when filing electronically), your B-Notice tape will also contain this information. ONESOURCE 1099 creates a separate B-Notice record for each unique combination of: TIN, Name line 1, Tax Year and Payer.
    By entering the date when the B-Notice file is received, ONESOURCE 1099 will calculate 30 business days in the future and print this date as the return deadline date on the B-Notice letters and W-9 forms. You can batch print first or second B-Notices. For the first B-Notice payees, the system will generate the First B-Notice letters and the Substitute Form W-9. For the second B-Notice payees, the system will generate second B-Notice letters.

    The B-Notice tracking process within ONESOURCE 1099 includes comparing the IRS-provided TIN information with what the system currently contains in the payee record to ensure a B-Notice is appropriate.

    TIN Solicitation
    As a function of the B-Notice processing, ONESOURCE 1099 will send and track W-9 solicitations. You can also generate W-9 forms directly without using the B-Notice tracking system for non-B-Notice annual solicitations.

    • Multiple options for easy distribution
      • Prints individual recipient statements or batch prints large volumes
      • Choose to file based on IRS thresholds or to file everything
      • Supports all IRS filing options and state CSF and non-CSF filing
      • Meets IRS and SSA requirements for all forms and filing formats

  • Year-round report processing

  • Managing 1099 data is a year-round effort that helps ensure hassle-free, year-end production and filing. For the full schedule of reporting activities, view the ONESOURCE 1099 software brochure

  • Superior data security

  • Security features in ONESOURCE 1099 software include the ability to set security rights for each user, import, identify recipients, printing, and production. Your 1099 data is secured and maintained in our proprietary data center. Take a virtual data center tour

  • Penalty Tracking

  • ONESOURCE 1099 keeps track of the penalties received from the IRS. To help manage your penalties, the system lets you categorize the penalties and match them to the B-Notice database.
    ONESOURCE 1099 imports penalty information. Penalty information may be imported into the software directly from the IRS Penalty File. The information may also be keyed in, if penalty information is received on paper by the IRS.

    • Enables easy viewing of recipient detail, forms, and payer codes
    • Quick access to payment details
    • Variety of 24/7 support services

    For more details on how we can help, view the ONESOURCE 1099 software brochure.

    Supports all IRS, SSA, and State Forms

  • Federal Forms
    • W-2 Wage and Tax Statement
    • W-2G Certain Gambling Winnings
    • 1042-S Foreign Person's US Source Income Subject to Withholding
    • 1098 Mortgage Interest Statement
    • 1098-E Student Loan Interest Statement
    • 1098-T Tuition Payments Statement
    • 1099-A Acquisition or Abandonment of Secured Property
    • 1099-B Proceeds from Broker and Barter Exchange Transactions
    • 1099-C Cancellation of Debt
    • 1099-DIV Dividends and Distributions
    • 1099-G Certain Government Program Qualified Payments
    • 1099-INT Interest Income
    • 1099-LTC Long Term Care and Accelerated Death Benefits
    • 1099-MISC Miscellaneous Income
    • 1099-MSA Distribution from an Archer MSA or Medicare + Choice MSA
    • 1099-OID Original Issue Discount
    • 1099-Q Payments from Qualified Education Programs (Under Sections 529 and 530)
    • 1099-R Distributions from Pensions, Annuities, Retirement/Profit-Sharing Plans, IRAs, Insurance, etc
    • 1099-S Proceeds from Real Estate Transactions
    • 5498 IRA Contribution Information
    • 5498-ESA Coverdell ESA Contribution Information
    • 5498-MSA Archer MSA or Medicare + Choice MSA Information
  • Puerto Rico Forms
    • Form 480.6A Informative Return - Income Not Subject to Withholding
    • Form 480.7A Informative Return - Mortgage Interest
    • 480.6C
    • Form 480.6D Informative Return - Exempt Income
    • 480.7
    • Form 480.7A Informative Return - Mortgage Interest
    • 480.7C
    • Form 499R-2/W-2PR: Withholding Statement
  • Canada Forms
    • Canada Form T4A Statement of Pension, Retirement, Annuity, and Other Income
    • Canada Form T5: Statement of Investment Income
    • Canada Form T5008: Statement of Securities Transactions
    • Quebec Form RL-1: Employment and Other Income
    • Quebec Form RL-3: Investment Income
    • Quebec Form RL-18: Securities Transactions
  • State Filing

  • CFS States

    Alabama Idaho Montana
    Arizona Indiana New Jersey
    Arkansas Iowa New Mexico
    California Kansas North Dakota
    Connecticut Maine Ohio
    Delaware Massachusetts South Carolina
    District of Columbia Minnesota Wisconsin
    Georgia Mississippi  
    Hawaii Missouri  

    Non-CFS States
    ONESOURCE 1099 also produces the appropriate filing media for the following non-CFS states:

    Colorado Nebraska (annual filing) Rhode Island
    Kentucky Oklahoma Utah
    Louisiana Pennsylvania Vermont
    Michigan    
  • Independent Contract Reporting (IRC)

  • ONESOURCE 1099 Supports Independent Contract Reporting in the following states:

    • California
    • Connecticut
    • Iowa
    • Massachusetts
    • *Maine
    • Minnesota
    • New Hampshire
    • New Jersey
    • Ohio
    • Texas

    *being added in 2010

ONESOURCE 1099’s automated B-Notice/Penalty Notice System can save hours of research time by matching information from the IRS with your latest payee records.
Complete the Request Information section for additional information or pricing options. Because each client has different requirements, pricing is provided on an individual basis. Contact us today to see how ONESOURCE 1099 software can relieve your 1099 processing burden.