The
WorldSharp™
1042-S Preparation System allows
you to create, print and electronically file 1042-S and all 1099 tax forms. The
system allows data
entry or import of 1042-S or all types of 1098, 1099 or 5498 tax forms . It prints data on preprinted forms or
prints data and forms on blank paper using inkjet and laser printers. It
allows you to create a file for filing
electronically to the IRS.Prints a facsimile of form 4419
(Application for Filing Information Returns) and a facsimile of form 8809
(Request for Extension of Time).
Supported Tax Forms
The following tax forms are supported by the
WorldSharp™
1042-S Preparation System 1042-S, 1098, 1098-C, 1098-E,
1098-T, 1099-A, 1099-B, 1099-C, 1099-CAP, 1099-DIV, 1099-G, 1099-H, 1099-INT,
1099-LTC, 1099-MISC, 1099-OID, 1099-PATR, 1099-Q, 1099-R, 1099-S, 1099-SA, 3921,
3922, 5498,
5498-ESA, 5498-SA, W-2G and 1096
Simplified Data Entry
The easy to use data entry program allows
for input of all fields required for printing and electronic reporting of each
form. Once the type of form is specified all screens are tailored to that type
of form. There are two methods of entry, a rapid entry and a form view entry.
In the form view entry, the fields appear on the screen exactly as they do on
the printed form.
Import File
Data may be imported from ASCII files. The
import process is controlled by user defined parameters. It can import
files that are comma
delimited, tab delimited, or fixed length records (Excel spreadsheets).
Files in the IRS format may also be
imported. For example one created last year or by another software system.
Prints Forms
The
WorldSharp™
1042-S Preparation System
prints all the supported 1098 and 1099 tax forms either on pre-printed forms or blank paper. Since
it prints on blank paper, you can save the cost of purchasing expensive forms. Works with both Ink Jet and Laser Jet Printers. The system is
shipped with print parameters to allow printing on standard forms, however these
parameters may be adjusted by the user to work on any forms.
Creates Files for Electronic Filing
Creates files in the format required by the IRS
for electronic transmission. The system is updated each year to reflect the
format changes that are made by the IRS. WorldSharp™ is proud of its acceptance
rate, but in the rare event that your files are rejected by the
IRS, WorldSharp™ will analyze your files and help you prepare
replacement files that will meet requirements. Prints Forms 4804, 4419 and
8809 if needed.
Handles Corrections
The system allows the user to make
corrections to forms already reported. Many WorldSharp™ customers use mainframe
computers for initial electronic reporting and use WorldSharp™
1042-S Preparation
System to print and report corrections.
Multi-Company/Multi-file
The Multi-company capability of the system
allows it to handle many different types of forms and forms for many different
companies. This capability makes the system ideal to use even in a service
bureau environment.
Retain Data Base
For some applications, after reporting, the
amounts may be removed and the names and address retained to be used the
following year.
