The attached files are samples of the 2011 E-File Magic Version of the 1097-BTC Form. This form is used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Issuers of certain tax credit bonds (or their agents) and nominees/intermediaries (such as a broker, a partnership, a trust, an estate, a regulated investment company, or a real estate investment trust) must file a separate Form 1097-BTC for each tax credit distributed from the following tax credit bonds issued after January 1, 2011.

Qualified forestry consevation bonds.

New clean renewable energy bonds.

Qualified energy conservation bonds.

Qualified zone academy bonds.

Qualified school construction bonds.

Clean renewable energy bonds.

Midwestern tax credit bonds.

Build America bonds (tax credit).

For tax credit bonds issued as serial bonds, each bond must be reported on a separate Form 1097-BTC."

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The attached files are samples of the 2011 E-File Magic Version of the 1098 form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Use Form 1098, Mortgage Interest Statement, to report mortgage interest (including points) of $600 or more received by you during the year in the course of your trade or business from an individual, including a sole proprietor.

The $600 threshold applies separetly to each mortage; thus, file a separate Form 1098 for each mortgage.  You may, at your option, file Form 1098 to report mortgage interest of less than $600, but if you do, you are subject to the rules in these instructions.

If an overpayment of interest on an adjustable rate mortgage (ARM) or other mortgage was made in a prior year and you refund (or credit) such overpayment, you may have to file Form 1098 to report the refund (or credit) of the overpayment."

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The attached files are samples of the 2011 E-File Magic Version of the 1098-C form. This form is used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"A donee organization must file a separate Form 1098-C, Contributions of Motor Vehicles, boats, and Airplanes, with the IRS for each contribution of a qualified vehicle that has a claimed value of more than $500.  A qualified vehicle is any motor vehicle manufactured primarily for use on public streets, roads, and highways; a boat; or an airplane.  However, property held by the donor primarily for sale to customers, such as inventory of a car dealer, is not a qualified vehicle."

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E-File Magic also offers software for: Form 1097-BTC, Form 1099, Form 5498, Form 3922, Form 3921, and Form W-2G.

The attached files are samples of the 2011 E-File Magic Version of the 1098-E and 1098-T forms. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions for Form 1098-E

File Form 1098-E, Student Loan Interest Statement, if you receive student loan interest of $600 or more from an individual during the year in the course of your trade or business.

The $600 threshold applies to each borrower regardless of the number of student loans obtained by that borrower.  However, you may file separate Form 1098-E for each student loan of the borrower, or you may file one Form 1098-E for the interest from all student loans of the borrower.

Specific Instructions for Form 1098-T

File Form 1098-T, Tuition Statement, if you are an eligible education institution.  You must file for each student you enroll and for whom a reportable transaction is made.  Also, if you are an insurer, file Form 1098-T for each individual to whom you made reimbursements or refunds of qualified tuition and related expenses.

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The attached files are samples of the 2011 E-File Magic Version of the 1099-A and 1099-C form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions for Form 1099-A

File Form 1099-A, Acquisition or Abandonment of Secured Property, for each borrower if you lend money in connection with your trade or business and, in full or partial satisfaction of the debt, you acquire an interest in property that is security for the debt, or you have reason to know that the property has been abandoned.  You need not be in the business of lending money to be subject to this reporting requirement.

Specific Instruction for Form 1099-C

File Form 1099-C, Cancellation of Debt, for each debtor for whom you canceled a debt owed to you of $600 or more if:

1. You are an entity described under Who Must File on this page and

2. An identifiable event has occurred.  It does not matter whether the actual cancellation is on or before the date    of the identifiable event."

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The attached files are samples of the 2011 E-File Magic Version of the 1099-B form. This form is used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"A broker or barter exchange must file Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, for each person:

• For whom the broker has sold (including short sales) stocks, bonds, commodities, regulated futures contracts, foreign currency contracts (pursuant to a forward contract or regulated futures contract), forward contracts, debt instruments, etc., for cash,
• Who received cash, stock, or other property from a corporation that the broker knows or has reason to know has had its stock acquired in an acquisition of control or had a substantial change in capital structure reportable on form 8806, or
• who exchanged property or services through a barter exchange."

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The attached files are samples of the 2011 E-File Magic Version of the 1099-CAP Form. This form is used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-CAP, Changes in Corporate Control and Capital Structure, for shareholders of a corporation if control of the corporation was acquired or it underwent a substantial change in capital structure.  Form 1099-CAP is furnished to shareholders who receive cash, stock, or other property from an acquisition of control or a substantial change in capital structure."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3922, Form 3921, and Form W-2G.

The attached files are samples of the 2011 E-File Magic Version of the 1099-DIV form. This form is used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-DIV, Dividends and Distributions, for each person:

• To whom you have paid dividends (including capital gain dividends and exempt-interest dividends) and other distributions on stock or $10 or more,
• For whom you have withheld and paid any foreign tax on dividends and other distributions on stock,
• For whom you have withheld any federal income tax on dividends under the backup withholding rules, or
• To whom you have paid $600 or more as part of a liquidation."

Download our 1099-DIV software!

E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3922, Form 3921, and Form W-2G.

The attached files are samples of the 2010 E-File Magic Version of the 1099-G form. This form is used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt:Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-G, Certain Government Payments, if, as a unit of a federal, state, or local government, you made payments of unemployment compensation; state or local income tax refunds, credits, or offsets; alternative trade adjustment assistance (ATAA) payments; reemployment trade adjustment assistance (RTAA) payments; taxable grants; or agricultural payments.  You must also file this form if you received payments on a Commodity Credit Corporation (CCC) loan.  The officer or employee of the government unit having control of the payments, received or made, (or the designated officer or employee) must file Form 1099-G."

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The attached files are samples of the 2011 E-File Magic Version of the 1099-H form. This form is used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt:Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments, if you received in the course of your trade or business any advance payments during the calendar year of qualified health insurance payments for the benefit of eligible trade adjustment assistance (TAA), Reemployment TAA, or Pension Benefit Guaranty Corporation (PBGC) recipients and their qualifying family members."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3922, Form 3921, and Form W-2G.

The attached files are samples of the 2011 E-File Magic Version of the 1099-INT and 1099-OIDs form. These forms are used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions for Form 1099-INT

File Form 1099-INT, Interest Income, for each person:

1. To whom you paid amounts reportable in boxes 1, 3, and 8 of at least $10 (or at least $600 of interest paid in the course of your trade or business described in the instructions for Box 1. Interest Income on page 2),
2. For whom you withheld and paid any foreign tax on interest, or
3. From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount of the payment.

Report only interest payments made in the course of your trade or business including federal, state, and local government agencies and activities deemed nonprofit, or for which you were a nominee/middleman.  Report tax-exempt interest on Form 1099-INT.  You do not need to report tax-exempt interest that is original issue discount (OID).  Report interest that is taxable OID in box 1 or 6 of Form 1099-OID, Original Issue Discount, not on Form 1099-INT.  Report exempt-interest dividends from a mutual fund or other RIC on Form 1099-DIV.

Specific Instructions for Form 1099-OID

The attached files are samples of the 2011 E-File Magic Version of the 1099-K. This form is used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Payments made with a credit card or payment card and certain other types of payment, including third party network transactions, must now be reported on Form 1099-K by the payment settlement entity under section 6050W and are not subject to reporting on Form 1099-MISC."

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 E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3922, Form 3921, and Form W2-G.

The attached files are samples of the 2010 E-File Magic Version of the 1099-LTC form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt:Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-LTC, Long-Term Care and Accelerated Death Benefits, if you pay any long-term care benefits.

Long-term care benefits means:

1. Any payments made under a product that is advertised, marketed, or offered as long-term care insurance (whether qualified or not) and
2. Accelerated death benefits (excludable in whole or in part from gross income under section 101(g)) paid under a life insurance contract or paid by a viatical settlement provider."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3922, Form 3921, and Form W-2G.

The attached files are samples of the 2011 E-File Magic Version of the 1099-MISC form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt:Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year:

The attached files are samples of the 2010 E-File Magic Version of the 1099-PATR form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt:Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions

File Form 1099-PATR, Taxable Distributions received From Cooperatives, for each person to whom the cooperative has paid at least $10 in patronage dividends and other distributions described in section 6044(b) or from whom you withheld any federal income tax under the backup withholding rules regardless of the amount of the payment.  A cooperative services that are generally for personal, living, or family use of the members may ask for and receive exemption from filing Form 1099-PATR.  See Form 3491, Consumer Cooperative Exemption Application, for information about how to apply for this exemption.  Report dividends paid on a cooperative's capital stock on Form 1099-DIV, Dividends and Distributions."

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The attached files are samples of the 2011 E-File Magic Version of the 1099-Q form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-Q, Payments From Qualified Education Programs (Under Sections 529 and 530), if you

(a) are an officer or an employee, or the designee of an officer or employee, having control of a program established by a state or eligible educational institution; and

(b) made a distribution from a qualified tuition program (QTP).  A trustee of a Coverdell education savings account (ESA) must file Form 1099-Q to report distributions made from Coverdell ESAs.

Do not file Form 1099-Q for a change in the name of the designated beneficiary on a QTP account if the new beneficiary is a member of the former beneficiary's family.  For a Coverdell ESA, the new beneficiary must be a member of the designated beneficiary's family and be under age 30 (except beneficiaries with special needs).

Family member of the designated beneficiary include the beneficiary's spouse.  Also included are the beneficiary's children, stepchildren, foster children, and their descendants; siblings and their children; parents, their siblings, and ancestors; stepparents; in-laws; the spouse of any of the foregoing; and any first cousin of the designated beneficiary."

The attached files are samples of the 2010 E-File Magic Version of the 1099-R and 5498 forms. These forms are used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

Specific Instructions for Form 1099-R.

File Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Isurance Contracts, etc., for each person to whom you have made a designated distribution or are treated as having made a distribution of $10 or more from profit-sharing or retirement plans, any individual retirement arrangements (IRAs), annuities, pensions, insurance contracts, survivor income benefit plans, permanent and total disability payments under life insurance contracts, charitable gift annuities, etc.

Also, report on Form 1099-R death benefit payments made by employers that are not made as part of a pension, profit-sharing, or retirement plan.  See Box 1 on page 8.

Reportable disability payments made from a retirement plan must be reported on Form 1099-R.

Generally, do not report payments subject to withholding of social security and Medicare taxes on this form.  Report such payments on Form W-2, Wage and Tax Statement.

Generally, do not report amounts totally exampt from tax, such as workers' compensation and Department of Verterans Affairs (VA) payments.  However, if part of the distribution is taxable and part is nontaxable, report the entire distribution.

The attached file is a sample of the 2011 E-File Magic Version of the 1099-S form. This form is used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-S, Proceeds From Real Estate Transactions, to report the sale or exchange of real estate."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 3922, Form 3921, and Form W-2G.

The attached files are samples of the 2011 E-File Magic Version of the 1099-SA and 5498-SA forms. These forms are used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, to report distributions made from an HSA, Archer MSA, or Medicare Advantage MSA (MA MSA).  The distribution may have been paid directly to a medical service provider or to the account holder.  A separate return must be filed for each plan type.

 File Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, with the IRS on or before May 31, 2012, for each person for whom you maintained an HSA, Archer MSA, or Medicare Advantage MSA (MA MSA) during 2011.  You are required to file if you are the trustee or custodian of an HSA, Archer MSA, Or MA MSA.  A separate form is required for each type of plan."

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The attached files are samples of the 2011 E-File Magic Version of the 3921 and 3922 forms. These forms are used by both the corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Forms 3921 and 3922 are required to be filed for certain stock transfers occurring after 2009.  The filing of these information returns is required by section 6039, as amended by the Tax Relief and Health Care Act of 2006 (Public Law 109-432).

• Use Form 3921 to report a corporation's transfer of stock pursuant to an employee's exercise of an incentive stock option described in section 422(b).
• Use Form 3922 to report a transfer of stock by an employee where the stock was acquired pursuant to the exercise of an option described in section 423(c)."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 1099, Form 5498, and Form W-2G.

The attached files are samples of the 2011 E-File Magic Version of the 5498-ESA form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"File Form 5498-ESA, Coverdell ESA Contribution Information, with the IRS by May 31, 2012, for each person for whom you maintained any Coverdell education savings account (ESA) during 2011.

A Coverdell education savings account is a trust or custodial account created or organized in the United States exclusively for the purpose of paying the qualified education expenses of an individual who is the designated beneficiary of the trust or custodial account.  The account must be designated as a Coverdell ESA at the time it is created or organized in order to be treated as a Coverdell ESA for tax purposes.  The governing instrument creating the trust must meet the requirements of section 530(b)(1)."

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The attached files are samples of the 2011 E-File Magic Version of the W-2G form. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

Reportable Gambling Winnings

Report gambling winnings on Form W-2G if:
     1. The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine,
     2. The winnings (reduced by the wager) are $1,500 or more from a keno game,
     3. The winnings (reduced by the wager or buy-in) are more than $5,000 from a poker tournament,
     4. The winnings (except winnings from bingo, slot machines, keno, and poker tournaments) reduced, at the option if the payer, by the wager are:
            a. $600 or more, and
            b. At least 300 times the amount of the wager, or
     5. The winnings are subject to federal income tax withholding (either regular gambling withholding or backup withholding).

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