E-File Magic Can Print and Mail Your Forms:
by Christopher Malott
E-File Magic has a state-of-the-art document processing facility at your disposal. Not only can we e-file your business tax forms, we can print and mail them too (Domestic USA)! Here's how it works:
- If you're using our free E-File Magic 2.0 software, simply check the 'Print/Mail Services' check box when transmitting your data to us for processing. Our online pricing engine will automatically provide you with a price for print, mail, and e-file services.
- Once you've submitted your order for processing, we'll get to work. At E-File Magic the security of your data is paramount to us. Your data will be processed in our secure processing facility and an audit trail will be in place for every document we process. This ensures no data is inadvertently omitted and that no accidental loss of information occurs.
- Upon completion of the print and mail portion of your order, we will securely provide you with an electronic copy of the forms we processed in PDF format. You can retain this file for your records, or discard it if you do not wish to keep it.
You can personalize the forms we print and mail with your company's logo. In most cases you can also provide us with up to 12 lines of additional information, which will also print on the recipient forms. Visit our screen shots and faq pages for more information.
We look forward to earning your 2007 e-file business.
Advice from the Expert
by Sean Berry, CPA
As a payor of services received you must analyze whether payments are to be classified as wages paid by an employer (W-2 Income), or are payments as nonemployee compensation (1099 Income). The analysis of this question can be complex. In general terms, an individual working for you is an employee if you have the right to control the means and the method by which he/she accomplishes a given task. The more control the payor has, the more likely the recipient is an employee.
The basic fundamentals to analyze are:
- 1. Behavior Control
- 2. Financial Control
- 3. Relationship of the parties.
Behavior control is probably the easiest of the 3 to comprehend. If you hire an individual who is a professional in the business relating to a task you desire for him/her to complete, and you don't necessarily control the means and methods of how the task is completed, you could possibly have grounds to report payments on form 1099-MISC.
Financial control relates to how much control you have on rate, and when to pay for services.
Relationship of the parties refers to an employer-employee relationship. If there is no appearance of an employer-employee relationship then you may be able to report income on form 1099-MISC to a contractor.
As a payor, you must take into consideration all 3 points outlined above. A misclassification of income between W-2 or 1099 forms could result in negative consequences from the IRS. Be sure to consult your tax advisor if you have any doubt of what form to use when reporting payments for services. |
Who We Are:
E-File Magic / 1099Magic
is your complete 1098, 1099, 5498, and W-2G print, mail, and IRS e-file solution.
Did You Know ?
E-File Magic 2.0 can be used in a network environment. In order to configure the software to function in a multi-user environment:
- Navigate to the 'User Setup' screen.
- Click the 'Setup Multi-User Environment' button.
- If this is the first workstation, click the 'Select File' button, in the 'Copy Local Database to Shared Location' form. Select a location to copy the E-FIle Magic database to. This should be a Mapped drive, that is accessible by all the users that intend to use the software simultaneously.
- If you performed step 3, the 'Identify Shared Database to Use' box should be pre-filled. If not, select the shared E-File Magic database file located on your mapped network drive.
- Click Ok.
- The software should now be configured for multi-user support. You will need to repeat these steps as necessary on each workstation you wish to use.
Download Our Software:
Click here to download the latest version of E-File Magic 2.0.
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