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The CLS ~ Magnetic Media program gives you the ability to file W-2 and 1099/1098 forms electronically to the Social Security Administration (SSA) and the Internal Revenue Service (IRS). To do this a very simple and easy process, requiring minimal user input is done. First you must enter information about the transmitter of the magnetic media files (name, address of the person or organization). After that an intermediate file with employer and employee payroll information is created. CLS then gives you the flexibility to add or delete ledgers and edit employer and employee information. Editing the intermediate file does not at all affect any of the CLS payroll data. CLS can create one or more magnetic media files for submission; and once the files have been created, you may print disk labels and transmittal forms if needed. Additionally, you may list all information in the files, and print said list for your records.
"CLS - W-2/1099 Magnetic Media" is part of the Client Ledger System line of products, developed by Financial MicroSystems.