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Blytheco Home | Sage Software | Sage MAS 90 & 200 | Modules | Magnetic Media Reporting
Magnetic Media Reporting —
MAS 90 & MAS 200
The Internal Revenue Service Government Regulations
outline the procedure for submitting year-end
W-2 and
1099 information on computer-based magnetic media.
According to these regulations,
companies reporting 250
or more W-2 or 1099 forms must file this information
using
magnetic
media. The simple, easy-to-use Magnetic Media
Reporting module for the Sage MAS 90 and Sage
MAS 200
ERP systems is designed to assist you in
complying with
these regulations.
The Magnetic Media Reporting module provides the
capabilities for reporting wage and payment
information
from the Payroll and Accounts Payable modules and
1099-INT, 1099-DIV, and 1099-MISC
information on
electronic media required by the federal government.
Several states have also adopted magnetic media
reporting regulations, using the federal
reporting requirements as guidelines. Sage MAS 90 and 200 users who |
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file W-2s for employees or 1099s for
vendors who work or live in the states that
comply with either the current federal MMREF-1 format or
the TIB-4 format can file their state information using the Magnetic Media Reporting module. This
module, integrated with the Payroll and Accounts Payable modules, makes complying with tax
regulations easy and fast. |
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Features: |
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Integration with Payroll—Magnetic Media Reporting automatically retrieves and copies W-2 information from the Payroll module, eliminating duplication of
tedious data entry. |
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Integration with
Accounts Payable—Accounts Payable integration allows automatic retrieval of 1099-INT, 1099-DIV, and 1099-MISC information, providing an easy method
for companies to comply with government filing regulations. |
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State-Specific Reporting—Specific reporting information for each state varies depending upon each state's requirements. The Magnetic Media Reporting module
supports the states that comply with the federal filing format, as well as a selected list of additional states. The module will create an
appropriate file format for these selected states. This ensures that your system generates accurate filings and minimizes rejections from
government agencies. For a current list of supported states, please e-mail your request to: mas90presales@sagesoftware.com |
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Test Runs—Some government agencies require you to submit a test file along with an application to file on magnetic media. The Sage MAS 90 and
200 Magnetic Media Reporting module provides test runs of federal and state W-2s and 1099s, giving you the ability to comply with this
requirement. |
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Reports: |
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Payroll Tax Reporting |
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Accounts Payable Tax Reporting |
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State Specific Reporting |
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Test Runs |
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 Magnetic Media Reporting Module - printable download of this page (PDF 191
kb) |
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| Questions? Please call us at (949) 583-9500 x130 or email us at
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