CPA Practice Advisor - 12

REVIEW: W2 & 1099 COMPLIANCE
Spokane Computer MAG-FILER
MAG-FILER, from Spokane Computer is an on-premise
W-2 and 1099 processing and filing solution that can
be downloaded directly from the
STRENGTHS:
*Can import data from a
vendor to install on desktop and
variety of applications
workstation systems. Well-suited
* B uilt-in correction wizard
included
for businesses as well as account* U nlimited e-filing
ing firms that process year-end
POTENTIAL LIMITATIONS:
compliance forms for clients,
* Does

not offer online or
mobile access
MAG-FILER also includes the new
1099-NEC form that will be used

www.mag-filer.com
to report non-employee compensation. MAG-FILER
does not offer online or mobile access.
MAG-FILER includes a built-in correction wizard
that helps to streamline the entire correction process,
with bulk TIN matching available in the application
as well.
MAG-FILER processes both W2s and 1099s
including the new 1099-NEC form. A good choice for
both businesses and accounting firms, MAG-FILER is
currently $375 for the downloadable version, or $415

American Riviera Software Magtax
Magtax from American Riviera Software is a good fit
for businesses and accounting firms that wish to e-file
both W-2s and 1099 forms. AvailSTRENGTHS:
* Imports data from
able in two versions, Standard
QuickBooks
and Professional, Magtax can be
* S upports unlimited payers
and unlimited recipients
downloaded from the Magtax
* U nlimited e-filing included in
website and installed on desktop
both plans
or workstation computers.
POTENTIAL LIMITATIONS:
*N
o online or mobile access
Magtax supports both unlimited
* S ome features only found in
payers and unlimited recipients,
more expensive plan
and includes the new 1099-NEC
form which is now being used to report non-employee

Tenenz EagleView Filing

www.magtax.com

compensation.
Magtax supports the most common year end compliance forms including W-2, 1099-MISC, 1099-INT,
1099-DIV, 1099-C, 1098, and 1098-C, with additional
1099 forms and 1042-S forms supported in the Professional version of the application.
Magtax users can choose to enter data manually,
or import information from QuickBooks files, with
non-QuickBooks users able to use Microsoft Excel.
Magtax offers two plans; the Standard plan, which
is currently priced as $199 and the Professional plan,
which currently runs $299. The Standard version

www.eagleviewfiling.com

Eagle View Filing from Tenenz is a great alternative
for those who want to automate year-end compliance
filing. The online application, well
STRENGTHS:
* A good fit for any size
suited for both businesses and
business or firm
* Multiple processing options accounting firms, allows users to
available
enter data directly into the online
* V olume pricing available
filing system. Those filing a large
number of forms annually, both payer and recipient
data can be imported into Eagle View Filing, which
then completes the rest of the process, including form
creation, filing, and mailing completed forms.

New users can get started by creating a new
account on the Eagle View Filing website, then simply
entering or uploading the required information to
complete the forms. Once forms are completed, users
have several filing options to choose from including
e-file only, e-file, print, and mail, or print and mail.
Once the process is complete, users are charged based
on the number of forms and the processing options
chosen.
Eagle View Filing is volume priced, with users
only paying for what they use. Prices for 1099 and

Tenenz Laser Link

www.Tenenz.com

Laser Link from Tenenz is well suited for businesses
and accounting firms that need to process year-end
compliance forms. LaserLink is an
STRENGTHS:
* E asy to use
on-premise, stand-alone applica* Includes all necessary forms
tion that can be installed on any
* S upports an unlimited
number of payers and
computer using Windows 10 and
recipients
up, and does not offer integration
POTENTIAL LIMITATIONS:
with any third-party applications.
*N
o online or mobile access
*N
ot as suitable for very large
Laser Link is available in two
businesses or firms
versions: Laser Link, which offers
up to 15 free e-filings and is ideal for small businesses,

DECEMBER 2020 ■

and Laser Link XL, which offers free e-filing for up
to 200 forms, with each version including the option
to e-file additional forms. Both versions support an
unlimited number of payees and recipients, although
neither version offers remote or mobile access. Those
interested in Laser Link have the option to purchase
a CD of the application, or receive instructions to
download from the Tenenz website.
Laser Link with E-File, which is available for $71.99
and includes up to 15 free e-filings, and Laser Link XL,
which is an excellent solution for firms that process

www.CPAPracticeAdvisor.com

2020 OVERALL RATING

4.75

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21163975

if purchased on a flash drive. A trial version is also
available for those interested in the application to try
out prior to purchasing and data entered during the
trial is easily transferred to the full version.

2020 OVERALL RATING

4.75

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21163977

offers a single-user license, with the Professional
version offering a 5-user license, with more licenses
available to purchase if needed. A demo is available
for those that wish to try out the application prior to
purchasing.

2020 OVERALL RATING
Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21163978

W-2 forms starts at $4.75 each for between 1-10 filings,
which includes printing, mailing, and e-filing. Prices
drop as volume rises, so 1,000 plus forms will only cost
$1.50 each to print, mail, and e-file. The application
also includes separate pricing options for e-filing only
or for print and mail options.

2020 OVERALL RATING

4.5

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21163969

a large number of forms for a variety of payers. Laser
Link XL runs $229.99 and includes 200 free e-filings,
with additional e-filings available for $1.65 each. Both
applications can be downloaded via instructions from
the Tenenz website, or can be purchased as a CD Rom
if desired.

http://www.mag-filer.com http://www.CPAPracticeAdvisor.com/21163975 http://www.magtax.com http://www.CPAPracticeAdvisor.com/21163977 http://www.eagleviewfiling.com http://www.CPAPracticeAdvisor.com/21163978 http://www.Tenenz.com http://www.CPAPracticeAdvisor.com/21163969 http://www.CPAPracticeAdvisor.com

CPA Practice Advisor

Table of Contents for the Digital Edition of CPA Practice Advisor