1099 Tax Submitting Directions Utilizing Rentec Direct Property Administration Software program


By way of a safe integration with Nelco Options, the main consultants in tax reporting options, Rentec Direct software program makes submitting your 1099 tax paperwork simple. 

2021 Tax Season Nelco 1099 discount code

No additional information entry obligatory, no must pay an costly accountant, your property administration software program compiles all of the related information wanted to create 1099-MISC and 1099 NEC kinds out of your account.

With a push of a button, that information transfers out of your Rentec Direct account to the Nelco Options web site which creates the suitable 1099 kinds, mails them to your recipients, and e-files with the IRS, permitting you to fulfill deadlines and stay compliant along with your tax obligations.

Essential discover to property managers: Final yr, the IRS has modified the kind of 1099 kinds required to offer to any service supplier or proprietor who acquired greater than $600 associated to their rental enterprise. These adjustments are integrated into processing your 1099s by means of the Rentec Direct and Nelco Options integration. Extra info may be discovered within the video on methods to file your 1099 tax kinds with Rentec Direct under.

How one can File 1099 Tax Varieties with Rentec Direct

Whichever landlord software program you employ, having finest practices for data-entry and bookkeeping not solely retains you audit-ready however must also will let you have essential tax preparation reviews and paperwork at your fingertips. Your Rentec Direct property administration software program does it finest by offering easy instruments for submitting 1099 tax kinds such because the 1099 Tax Assistant and built-in e-filing options. 

1099 Tax Assistant Report

The 1099 Tax Assistant report offers property managers and landlords the mandatory info to simply and shortly evaluate the data previous to finishing the 1099 tax kinds required by the IRS for distributors and house owners. That is the shape you’ll evaluate previous to processing your 1099s with the built-in Nelco Options device or give to your CPA in the event you select to have them full the kinds in your behalf.

Bear in mind, it’s essential that your information is correct. Earlier than submitting something to your CPA or the IRS, evaluate the 1099 Tax Assistant report and ensure the numbers match your information, and confirm that each one receipts and funds have been reported precisely for 2021.

How one can E-File Your 1099s

Nelco Options assists Rentec Direct shoppers with electronically submitting 1099s immediately out of your software program. The right 1099 tax kinds are mechanically generated primarily based in your monetary information and vendor funds recorded within the software program all year long.

By way of our safe partnership with Nelco, you’ll connect with their portal by means of your Rentec Direct account and have federal and state kinds despatched to your recipients each by mail service and electronically as nicely file with the IRS.

Our associates at Nelco just lately hosted a video for Rentec Direct shoppers to point out us methods to file 1099s by means of Rentec Direct’s easy instruments. Take a look at the video under to search out out simply how simple submitting 1099s inside your Rentec Direct account with Nelco Options. 

Rentec Direct and Nelco give property managers and landlords the best solution to full year-end tax reporting. This video reveals you methods to join your Rentec Direct account with Nelco and submit your 1099 tax kinds with the IRS, together with recipient mailing.

Video Highlights Embody: 

–  How one can e-file your 1099 tax kinds with Rentec Direct.
–  Rentec Direct entry and Nelco Options login.
–  Varieties and progress.
–  Federal 1099 submitting choices.
–  State 1099 submitting choices.
–  How one can e mail copies to recipients.
–  How one can print and save copies.
–  How one can course of corrections.
–  How one can examine the standing of your submitting.

So whether or not you’re a Rentec Direct shopper or simply inquisitive about essential info corresponding to penalties, deadlines, and the brand new 1099 MISC and 1099 NEC adjustments, this video could show helpful.

Take a look at this text in regards to the required 1099 NEC and 1099 MISC adjustments associated to property managers and landlords.

Upcoming 1099 Tax Deadlines

This tax season, the IRS requires everybody to offer 1099s to their recipients (and usually file electronically) by January 31, 2022.

Take a look at this Nelco Options menu to search out your particular State and Varieties deadlines  | State and Federal Deadlines

The penalties for failing to file 1099s may be costly, so it is very important perceive your obligations in the case of 1099 necessities for your small business.

Nelco Low cost Supply
Use the code RENTEC21 to make the most of the one free federal submitting provided by Nelco Options once you file by means of your Rentec Direct account*

2021 Tax Season Nelco 1099 discount code

*1 free federal e-filing, mailing and on-line retrieval  – expires 5/1/22

For questions on your 1099 submitting necessities and methods to full your on-line submitting by means of Rentec Direct, you might be inspired to achieve out to Nelco at 800-266-4669 or [email protected] – Simply let Nelco know you’re a Rentec Direct shopper and are searching for extra info on utilizing the useful, built-in e-filing options provided by Rentec Direct and Nelco Options.

This up to date article initially posted 12/18/2021 and is to assist perceive the 1099 necessities and doesn’t represent authorized recommendation. Please seek the advice of along with your tax skilled concerning your 1099 obligations and deadlines.