Running Reports for Manual 1099S Filings
If you are not using our 1099S Year-End Processing Service, you may wish to generate a report from Standard Conveyancer showing you the information for the closings you need to report.
The report is called 1099RPT. There was a short period of time when Standard Conveyancer was distributed without this report. If you do not have it, you can call our Technical Support department at (781) 324-0550.
There are two different ways to generate this report. The first will print a report for all purchase/sale closings. The second should only be used if your office has been consistently checking the "1099" checkbox on the Financial Information screen. This checkbox is meant to confirm that you DID issue a 1099S for that closing (that the seller was not exempt). Because this method was designed for use by our YEP processing personnel, there is a minor "customization" you will need to perform to get the report.
First Method (use if you have not been using the 1099 checkbox, shows all purchase/sale files):
1. Click Info, then Report, then Print Report
2. Click List, then select the 1099RPT report from the list
3. Enter the Closing Date Range of 01/01/05 through 12/31/05
4. Click the Print button. Click Save when prompted to save your changes, and print the reportSecond Method (use if you have been using the 1099 checkbox, shows only those closings):
1. Click Info, then Report, then Setup Report
2. Click List, then select the 1099RPT report from the list
3. Copy and paste the following into the Select data field: (not mIsRefi) and m1099cd=1
4. Press the TAB key and click YES when prompted to save the selection condition
5. On the Report Setup filter list screen, provide the description Sales with 1099 Button Checked and press <Esc>
6. Click the More Selections checkbox, enter the Closing Date range of 01/01/05 through 12/31/05, and click OK
7. Click the Print button. Click Save when prompted to save your changes, and print the reportIf you wish to start using the 1099 checkbox for future filings (should be done if you want to use Standard Solutions' Year-End Processing Service next year), please remember that the checkbox should only be checked AFTER the you have printed your closing package and 1099s for that closing.
As always, please call if you need help or have any questions!
Our 1099 Year-End Processing Service — Status Report
This year's response to our annual 1099S Year-End Processing Service was the largest ever. Thank you to all who are participating this year.
All participants in the electronic filing service either have been contacted to generate the initial reports or will be very shortly. If you have not yet forwarded to us your TCC number, it is critical that you do so immediately.
After we have printed your initial report, remember that you need to review the data to make corrections and fill in any missing data in your text file. If you are able to e-mail the finished text file, you should send it to rick@standardsolutions.com, otherwise we can connect to your system and download it for you.
The magnetic (diskette) filing deadline is the end of February, while the FIRE (Web site) filing is the end of March. Because of this disparity in the deadlines, magnetic filing clients will see their final reports earlier than FIRE filing clients.
The IRS strongly recommends that you test your FIRE Web connection ahead of time. You will get instructions and a test file from us that you can use to do this at a later date.
This is the last year the IRS will allow filing by diskette. Starting with next year's filing, all submissions to the IRS will be done through the FIRE Web interface.
Thank you again for allowing us to be of service to you!
Please do not reply to this message. You can contact us at services@standardsolutions.com.
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