Property Management, Tenant Selection, Real Estate News & Tips

Tag: 1099

It’s Time to Be Finalizing Your 1099’s

By on January 13, 2014 in News with 0 Comments
It’s Time to Be Finalizing Your 1099’s

Happy New Year!  Or as Uncle Sam would like to say “Show Me The Money!”.   For us property managers and landlords, it’s time to be making progress on our biggest IRS obligation; filing 1099’s.  Fortunately, Rentec Direct makes it as simple as possible.  Now…  choose your adventure: Adventure 1:  My CPA, or somebody else, […]

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Electronic 1099-MISC Filing

By on December 3, 2013 in Product Updates with 0 Comments
Electronic 1099-MISC Filing

This year you can file your 1099-MISC forms for owners and vendors electronically through Rentec Direct.  There’s no need to re-enter data or pay your tax advisor to file these forms on your behalf because it’s very simple and extremely cost effective to file them electronically through Rentec Direct.  Rentec provides full e-file functionality with the […]

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Property Managers – It’s Time to Prepare for Tax Season 2012

By on December 4, 2012 in Education with 2 Comments

January is almost upon us, and it’s time to begin preparing for tax reporting.  This year, Rentec will simplify this task with automated e-file features for your 1099-MISC forms to both vendors and owners.  Rentec will provide full e-file functionality with the IRS as well as mail out, as necessary, paper copies to the recipients […]

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Over-Reaching 1099 Bill For Landlords Repealed

By on December 2, 2011 in Education with 1 Comment
Over-Reaching 1099 Bill For Landlords Repealed

As you may or may not recall, depending on how close-knit you are within CPA circles, there was a significant new tax consequence and reporting requirement introduced for landlords within the Small Business Jobs Act and the healthcare reform bill passed in 2010. This new reporting requirement was introduced to help the IRS better monitor […]

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2011 Tax Overhaul for Landlords

By on December 28, 2010 in Off Topic with 0 Comments

Earlier this year, a bill named H.R. 5297: Small Business Jobs Act of 2010 amended tax reporting rules for landlords.  Section 2101 establishes that, “a person receiving rental income from real estate shall be considered to be engaged in a trade or business of renting property”.  Previously unincorporated landlords were not considered a “business” and […]

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New Report & Features: 1099 Assistant

By on December 18, 2010 in Product Updates with 0 Comments
New Report & Features: 1099 Assistant

We’ve added a new report to the system to assist landlords and property managers easily compile all necessary information to provide 1099’s to the IRS, vendors, and owners.  Under the Reports tab is the new report labeled 1099 Assistant.  Click the image to the right for a full size example of the report. To use […]

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New 1099 Requirements for Landlords and Property Managers

By on December 11, 2010 in News with 1 Comment

There are numerous changes coming in 2011 and 2012 for property managers and landlords which affect your tax reporting.  It’s important to be prepared with the documentation and records necessary to be able to comply.  Rentec Direct’s property management software will provide tools in 2011 to accommodate these laws if they do not get repealed. […]

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