Encompass/Ellie Mae 1098 Filing Solution

Perform the following steps to import your 1098 data into your 1099 Pro software:

• Close Excel from the earlier step.
• Open 1099 Pro and select:
  
  1. The Filer to import to (Company importing the forms)
  2. The Form Type to import to e.g. 1098
• Click on "Utilities" at the top of the screen
• Select the first choice "Run the Import Wizard" and then click on the button "Begin a new Delimited Import Process".
• The Wizard will guide you thru the import. When prompted for the file to import click on the "Browse" button to find the .txt file you save earlier. At the screen below you can use the "Map by Name" button in the lower left:
  
• After clicking the "Map by Name" button above continue to follow the Wizard.
• You do not have to view your import report at this time.
• When prompted to view your newly import files say yes and try double clicking on your individual 1098's to see your data. Note that any form with an asterisk next to its status e.g. "*pending" means that 1099 Pro has detected some sort of error with the form such as a missing TIN, bad zip code, etc.

Perform the following steps to verify your data. You verify your data by browsing forms & running control total reports.

• The current Filer and Form type are selectable & are displayed in the upper left of the screen. Forms with an incorrect zip code, missing TIN, … will have an asterisk in front of the "Status" of the form. Note that you can change the sorting order of forms, which forms are displayed and search for a form by TIN, Last Name.
  
  
  
  
• Double click on any row to see that record or make changes.
  
  
  
  
• Additionally, check your data by running a report in 1099 Pro to view your control totals. Just click on "Reports", "Control Totals For Current Filer & Form Type". In the example below we previewed the report and went to the last page of the report to see the control totals. To print the page we were viewing just click on the printer icon with the yellow 1 thru it. To search for a person or number just click on the blue binoculars, to print a PDF just click on the Abobe icon by the blue binoculars/thumbtack & then click on the regular printer icon.
  
  
  
  
• When you are satisfied with your data it's time to print & mail your forms. The IRS requires that your 1098’s be in the mail by 1/31/2008 and that the envelopes bear the mark "Important Tax Return Document Enclosed" on them.