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Reports available? I entered one
1099-MISC as a practice and received the 1099-MISC Summary
Report. Is that all that is available? No report listing of
Payers or Payees?
There are summary reports for each type of
form. There is a report writer built in for specific
needs and we will create any report you
want. Most of our users just generate diskettes, etc. and
use reports from their accounting systems and reconcile
totals. You can fax us a sample report and we will create it
for you.
Payee Form Data - when filling out this
form, what do the "Code", "Name-Ctrl" and "Account" fields
mean?
Code is simply an identifier within Magtax.
When importing data this is automatically created -
sequential numbers. When adding Payees manually you can
enter a value.
Name Ctrl is an IRS field - and described in
the IRS instructions - that contains parts of the payee's
name. The IRS uses it as a check on names.
Account is a field for you to use to track the
payee back to your account system. A vendor ID for example.
I have imported my 1099-MISC forms
from QuickBooks and all the amounts are in Box-7 -
Non-Employee Compensation. Why? How can I change this?
There is a limitation in Intuits interface
that does not provide "Box" information for 1099s. Our
best guess is that the majority of amounts belong in Box-7.
If your forms are substantially all Box 1 for example, we
can provide a utility to move all the amounts to Box-1.
Please contact support for more information.
02/20/09 - We have received notice from Intuit
that the next release of their interface will provide the
information that has been missing for years. We
anticipate incorporating this when released probably in May
2009.
It would help if your Magtax software
had a users manual to guide a person through the process. I
muddled through the screens, but wasn't sure what all the
fields meant and wasn't sure what sequence to enter data.
There is a 60+ page printable manual.
We have also added to the online help. If you have problems finding what you needed there,
please let us know so we can add explanations to anything
that is unclear.
There are a series of movies on-line for
people to see as well. Especially the data import process.
There are links to the on-line movies within the Magtax
help. We have found that these movies best help people
visualize the process.
I have Employees that worked in another
state for me and others that have worked in more than 1
state. How do I get my state Employer ID to print for
the other states?
To resolve this, we need to use the MORE
button in the Payer maintenance screen.
Click
here to see a movie of this.
The QuickBooks movies you show are using
the accountants edition of QuickBooks. I don't use the
Accountants edition so I don't have the same options?
It is our experience that every year and every
version of QuickBooks does some rearranging of menus.
The Names of the Reports referred to in the movies and in
the on-line help are the important part. Some versions
have the reports under the Reports Menu then Payroll.
Some have them under a Payroll Menu. As long as the
version you have has payroll functionality, the reports are
there.
How does the import process
work?
Whether you are importing data from QuickBooks
or some other source, you will be looking at a sample of
your data and matching the fields or columns to earnings and
deductions fields in Magtax.
Quickbooks and other applications allow for an
unlimited number of income and deduction categories. You can
name them anything you want. Magtax can't always determine
what field is what. For example. You may have a series of
income fields "dept A Hrly", "dept B Vaca","dept C sal".
There is a screen during the import process where you tell
Magtax that those fields are Wages. Same applies to
deductions. This is the most difficult part of the
process and should be completed by someone with knowledge of
filling out the W2.
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