Product/Service

RISKMASTER 1099-MISC Export System

Source: Computer Sciences Corporation (CSC)
Satisfy Internal Revenue Service Reporting Requirements
RISKMASTER users can easily export payment information required in filing 1099-MISC forms when employing this optional RISKMASTER module. It works with a third party software product called Convey 1099 for Windows. Together they fulfill IRS reporting requirements, including recipient statements, and electronic media filing. The 1099 Export System electronically completes Convey's 1099 forms.

Objectives

  • Electronically complete and file IRS-approved 1099 forms using RISKMASTER data
  • Simplify the data export process by supporting multiple 1099 form formats
  • Validate payee and payment information
  • Generate verifiable audit reports to insure data integrity
  • Log system-generated messages to monitor the export process
Features
  • Integrates with Convey 1099 for Windows  program to file 1099 forms electronically
  • Graphical interface facilitates data exports of RISKMASTER's CSV files
  • User determines which payments are to be reported; i.e. time period, reserve and transaction types…
  • Data validation tool reviews payee and payment information
  • Audit report writer prints warning and error messages; i.e. payments not linked to claims and payees…
  • Transaction log records on-screen messages
  • Standard Microsoft setup program facilitates the system's installation
RISKMASTER Data to Export
  • Tax year
  • Payer's Tax ID number
  • Payee data
  • 1099-MISC data
  • Process log
  • Payments
    • Without claim link
    • Printed only
    • Reserve type
    • Transaction type