Rentec Direct, maker of leading property management software, announces new and improved tools to help property managers and landlords keep track of and file there 1099's. Property managers can now easily fill there biggest IRS obligation; filing 1099′s.
Rentec Direct provides a detailed report that can be given to a CPA through the “1099 Tax Assistant”, There is also a "Schedule-E Assistant" report for private landlords. Most CPAs have to gather all this information from records, and many have a flat fee per form ranging from $10 to $100 per form. With Rentec these reports supply a CPA or other tax specialist needed information and therefore most of the work has been done and a discount on the per-form fee may be given.
Rentec Direct subscribers, can file 1099's automatically and electronically for as little as $1.25 per form. See Rentec's earlier article on electronic 1099-misc filing for full details. Re-entering data or paying for another software application is not necessary! Rentec Direct has full support for e-filing 1099s. Manually filing 1099s, requires purchasing special IRS forms, the IRS scans those documents, and the scanning process can and does have mistakes. Those mistakes are red-flag events and can cause an IRS audit. Electronic filing is recommended by the IRS, and is free from scanning errors. Electronic filing is also faster, cheaper, and the IRS gives tax payers more time to e-file
To file electronically with Rentec Direct, it is as simple as verifying the TIDs and amounts for each vendor and/or owners and electronically transmitting tax data to the IRS. Rentec Direct will even take care of mailing a copy to the recipient, and the state (where applicable).
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Dulcey is a member of Rentec Direct who provides Property Management Software, tenant ach payment processing, tenant credit check, and criminal reports for property managers and landlords.
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