Tax Form Preparation Software for 2020
Account Ability is a network ready software application that fulfills the needs of small to midsize businesses with a simple, yet powerful, solution to the complicated job of annual 1094, 1095, 1098, 1099, 3921, 3922, 5498, W-2G, W-2 and W-2C compliance. Payee/Payer copies can be printed on ordinary copy paper, preprinted forms, or written to PDF. IRS, SSA and State copies can be filed electronically ("Efile") or printed on IRS approved forms.
The Client (Filer, Entity) Management Module maintains an unlimited number of clients¹ in distinct annual databases that can be rolled forward from year-to-year without any loss of prior year integrity. This module is complete with all of the tools required for adding, editing, deleting, importing and exporting client information.
Recipient² information can be typed into windows that resemble actual tax forms or imported from Microsoft Excel®, IRS Pub. 1220 compliant files, SSA EFW2 compliant files and delimited text files. The Import Mapping Utility, which is included for free with Account Ability, facilitates the job of converting delimited text files to a format compatible with current year schema. There is no limit to the number of recipients one can enter into Account Ability.
Account Ability includes Bulk Taxpayer Identification (TIN) Matching pursuant to IRS Pub. 2108a. TIN Matching is part of a suite of internet based services that allow an authorized payer — one who has filed information returns with the IRS in at least one of the two past tax years — the opportunity to match recipient information against IRS records prior to filing information returns.
Account Ability's wealth of online help, frequently asked questions, tips, hints, and ease of use make for a user-friendly environment. When all else fails, IDMS offers free unlimited technical support to all licensed users of Account Ability.
Its reasonable price, together with its powerful importing, exporting, and reporting capabilities, makes Account Ability a complete, cost effective, end of year tax reporting tool that no tax professional should be without.
¹ Account Ability uses the term client to mean any entity (filer) that issues returns.
² Account Ability regards those who receive the returns prepared by a filer as recipients (i.e. contractors, debtors, employees, borrowers, students, winners, beneficiaries, participants, donors, shareholders, etc.).
Microsoft Excel® is a registered trademark of Microsoft Corporation
Account Ability® is a registered trademark of Integrated Data Management Systems, Inc. (IDMS)