What options do you have for 1099-S filing? Upon request, Standard will help with the setup and processing of your Standard Conveyancer data to satisfy IRS magnetic filing requirements. This procedure allows you to send your 1099S data to the IRS on a floppy disk, without having to hand-type IRS copies. (See deadlines below.)

If your firm distributed 250 or more seller 1099S forms, you are required to file them magnetically or electronically. If your firm distributed fewer than 250 seller 1099S forms, you have the option of filing magnetically or with paper forms. If you have only a few seller 1099S forms, a Standard Conveyancer report can be produced that prints all of the information you need to hand-type IRS forms, eliminating the need to sort through all your SC closing files.

Due to the critical nature of the task and IRS-imposed deadlines, it is necessary for your firm to act as quickly as possible to ensure a timely and compliant magnetic filing. Year-End Processing services are available to all Standard Conveyancer clients with a current Support Plan and clear account balance (fees must be paid in full through December 31, 2001 leaving a zero account balance).

Standard’s Year-end Processing (“YEP”) service is limited. Don’t delay; sign up today (first come, first serve)! Please direct service inquiries to your YEP solution expert, Tina West, Senior Support and Services Specialist, at Tina@StanSolu.com. YEP orders or billing questions should go to Chris Manganis, Staff Accountant, at Chris@StanSolu.com.