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.
