E-File Magic Software FAQ
Do E-File Magic Payments Carry Forward For Services from Processing Year to the Next Processing Year?
No, payments do not carry forward for services from processing year to the next processing year.
E-File Magic 2.4 and above supports the encryption of your recipients TaxID, Name1, Name2, and Address fields in the database that is stored on your computer. When activated this information is automatically encrypted using the Department of Defense recommended AES-256 algorithm. E-File Magic believes the security of your information is paramount. To that end, if your computer is lost or stolen, or your database file goes missing, having recipient encryption enabled will help mitigate any potential loss of sensitive information.
To enable this feature, navigate to the 'Config' menu and select 'Enable Encryption'. The software will prompt you for a password. Make SURE you choose a password you will REMEMBER! If you loose or forget your password, we cannot assist you in recovering your data.
This is just another step we've taken to help safeguard your information.
1 - Horse race track (or off-track betting of a horse track nature)
2 - Dog race track (or off-track betting of a dog track nature)
3 - Jai-alai
4 - State-conducted lottery
5 - Keno
6 - Bingo
7 - Slot machines
8 - Poker Winnings
9 - Any other type of gambling winnings
Yes. Please see our Data Security Policy. All information is encrypted in transit to E-File Magic's servers.
To switch to an alternate company go to Companies/Filers and select the second company.
This will change the active company to the alternate company, and you will be notified of
this change. The Active Company is displayed on top of software window in blue bar.
E-File Magic requires that you make a deposit for e-file services prior to utilizing the print features of the software. The deposit you make will automatically be applied against the cost of e-file service when you begin transmitting your filing information to us for processing. Once you have made your first deposit a registration key will be automatically genereted and entered into the E-File Magic software for you. This registration key will allow you to print your recipient forms.
If you do not receive an error message when you click the 'Save' button on the Registration screen, it's safe to assume your registration details were commited to the database. Once your information has been saved, upon your first payment for e-file services, you will receive a registration key.
Manually adding recipient records is a simple process.
1) Create a new Company/Filer, by navigating to the Company/Filer screen. This company will be set as the 'Active Company'.
2) Navigate to the 'Manage Recipients' screen, by clicking on the 'Manage Recipients' item, on the left hand navigation menu.
3) Select the form you wish to create a recipient for, and click the 'New' button.
4) Enter the recipients detail in the form section below.
5) Save the recipient record, by clicking on the 'Save' button located below the 'New' button.
Your finished. You can navigate to the 'Validate Recipients' screen and check your entry for errors and/or navigate to the 'Print Recipients' screen to print your entered form. If you just want to 'Quick Print' your recipient form, you can click the 'Print Recipient Form' button, on the 'Manage Recipients' screen. The software will print 'Copy B' for the selected recipient.
E-File Magic requires that your information is e-filed electronically with the IRS through our processing bureau. The E-File transmittal takes the place of the 1096. Thus, you are not required to submit a 1096 form to the IRS.
The IRS defines corrections into two distinct categories. 1) Corrections that involve a mistake with a form amount field and/or description, etc and 2) Corrections that involve a mistake with the Recipients Name, Address, or TaxID.
Depending on the correction type that is outlined above, the IRS requires either an Identifying and Correcting transaction to be issued, or just a Correcting transaction to be issued. When you click the ‘Mark Corrected' button on the ‘Manage Recipient' screen in E-File Magic 2.X, for a record that has already been transmitted for processing, E-File Magic will review the adjustments you make and determine the appropriate transactions to issue for you. This simplifies the process of issuing corrections and helps mitigate any potential errors.