2020 Tax Resources for Year-End Processing

Detailed Guide for Processing WolfePak 1099s

The end of the year involves processing 1099s, 1098s, W-2s, and more. Plus, it’s a good time to clean up the books, organize files and processes, and prepare for the upcoming year. WolfePak has put together this resource page to help provide you information, instructions, and guidance to help you with the various year-end processes. Scroll down to find links to software update instructions, various videos, and blog posts.

The most recent release (WolfePak Software Ver #20.11301900) includes all necessary updates to extract and file 1099s. If you are a SaaS (WolfePak Cloud) customer, these updates are already implemented. If you operate WolfePak on your own server, please make sure to update your WolfePak instance.

Important: The final release containing the updates to enable the electronic filing of your W-2s is now available and is Ver #20.11301900. For SaaS customers, these updates will be applied on Sunday, January 3, 2021.


Related Resources

EOY Release Notes

Visit this full detailed listing of the updates in the End-of-Year release

Manual Tax Deferral

Information regarding the Presidential Executive Order for payroll tax deferment

Video: 1099 – A/P

Watch this video to learn more about processing 1099-MISC for accounts payable

Processing 1099s in WolfePak

WolfePak Software has developed detailed instructions on processing all your 1099 forms in WolfePak.

Please provide your name and email address to access the downloadable guide in PDF format.This guide covers 1099-Misc, 1099-NEC, 1042-S, DRI21-W, 1099-INT, 1099-DIV, 1099-R, 1099-S, 1099-B and 1098-Mortgage Interest. We are making are internal guide available to our customers to help you process these forms efficiently!

Have questions? Feel free to contact us for further information.

Additional Instructions and Information

Updating WolfePak

Go to the Utilities module / WolfePak Download. Use this screen to download the latest version of WolfePak.

Select the “Download and Install new Program Version” button to start the download.

Note: All other users must be out of WolfePak prior to download.

Access Release Notes

Check WolfePak’s Release Notes to see the software changes made to the various WolfePak modules.

1. Go to Utilities / Global / WolfePak Download. Select the “View Release Notes” button.

2. Go to Help/About. Select the “Release Notes” button

Videos

Check out these videos from our EOY Training Series

Processing 1099 & 1098 Forms

Processing W-2s

Processing 1099-MISC Revenue

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