Depending
upon the type of returns to be filed, a filer can be a Payer
(1099-MISC, 1099-DIV, 1099-INT, 1099-OID, 1099-PATR, 1099-B, 1099-G, 1099-Q,
1099-R, 1099-LTC, W2G), a Lender (1099-A, 1098, 1098-E), a Creditor
(1099-C), a Filer (1099-S, 1098-T), a Trustee (5498,
5498-SA, 5498-ESA, 1099-SA), a Corporation (1099-CAP), a Provider
(1099-H), a Donee (1098-C), or, an Employer (W2, W2C).
To avoid this ambiguity, Account Ability regards all filers as clients
and uses the terms client and filer synonymously. There is NO LIMIT to
the number of clients, nor the number of returns per client, one can enter
in Account Ability. |
Information
entered on the General page is automatically retrieved
and printed on all Information Returns (1099, 1098, 5498, W2G) and Annual
Wage Reports (W2, W2C).
The Corporate page can be used to identify
the entity associated with the Taxpayer ID, if different than the filer
information entered on the General page.
The Contacts page identifies those people
in charge of 1099 and W2 processing.
State identification numbers are entered on the State
ID page.
Employers must indicate their employer type, taxing jurisdiction, agent
information, third-party sick pay information, and additional employer
information on the W-2 Setup page.
The 1098 Setup page should be used by
those interested in apportioning mortgage interest, real estate taxes,
and amortization among shareholders in a cooperative. |
