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Electronic Reporting (E-File) |
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Account
Ability Includes Electronic Reporting at No Extra Charge!
IRS and SSA require filers of 250 or more returns to file electronically.
Many software vendors require that you purchase additional modules designed
for this purpose. Online wage reporting sites and service bureaus can
charge quite a hefty price for this service as well. Account Ability generates
transmittal files that comply with IRS Pub. 1220, SSA EFW2 (formerly MMREF-1)
and SSA EFW2C (formerly MMREF-2). Transmittal files are then uploaded
to the IRS and SSA websites via The IRS FIRE System and
SSA Business Services Online, respectively.
Account
Ability Creates the Transmittal Files
The Electronic Reporting Options dialog, shown above,
interfaces with each file of Information Returns (1099, 1098, 3921, 3922,
5498, W2G) and Annual Wage Reports (W2, W2C). Information Returns are
reported in file specification IRSTAX; Annual Wage Reports are reported
in file specification W2REPORT.
A Single Transmittal File Can Contain Many
Filers
Transmittal files are created within the destination folder you specify.
If a transmittal file already exists, Account Ability displays it, as
shown below.
Transmittal
files can be appended at your option. Transmittals are later reported
electronically to either IRS or SSA.
Electronic Filing
IRS and SSA have online reporting websites (IRS
FIRE, SSA
BSO) that you can access from Account Ability's Module
menu. Once connected, a simple menu system guides you through the uploading
of the same transmittal files you created above.
Combined Federal / State Filing Program
(CFSP)
The IRS, Martinsburg Computing Center (IRS/MCC) will forward information
to participating states free of charge for approved filers. Separate reports
to participating states are not necessary. Although not all Information
Returns can be filed under this program, Account Ability automatically
creates the appropriate reporting records for each approved filer. For
more information, contact IRS at 304-263-8700 or see the Combined Fed/State
Filing topic on our FAQ page.
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