Getting through tax season:

Looking to avoid wasted time, aggravation and headaches? Take advantage of Standard's Year-End Processing Service for electronic 1099-S filing! Standard Solutions will prepare the electronic filing for you using the data in your Standard Conveyancer™ closing files.

Any firm can take advantage of this service, but if your firm distributed 250 or more seller 1099-S forms, you are required to submit your year-end filing electronically.

How does it work?

At the end of the year, we help you generate a report from Standard Conveyancer™ that you use to review the seller information from your purchase transactions to ensure completeness and accuracy. Once you have finished, we download your data to our office. Using an IRS-compliant software package, we create final reports for you for review. Upon receipt of your completed authorization and payment, Standard Solutions prepares your IRS-ready filing.

What do I have to do?

Year-end Processing services are available to all Standard Conveyancer™ clients with a current Support and Maintenance Plan and clear account balance (fees must be paid in full through the end of the calendar year). 

You must sign up with us by the deadline. You also need to get an IRS-assigned Transmittal Control Code (TCC) number by filing IRS Form 4419 (Application for Filing Information Returns Electronically/Magnetically). If you filed electronically in the past under the same business name, you can use your current TCC.

It helps both you and us if your data is complete and accurate before it is downloaded to our office. Entering seller tax ID numbers and forwarding addresses and making sure closings are marked for 1099-S filing will help ensure your data is complete. Please ask us for help ahead of time if you are not sure how to do this.

Standard Solutions is here to help you fulfill your year-end requirements quickly, efficiently and economically. Remember, however, that due to the critical nature of the task and the IRS deadlines, it is necessary for your firm to sign up on time and work closely with us throughout the process to ensure a timely and compliant filing. Current pricing and deadlines are posted in early November each year.