Time
to make plans for tax season...
Despite
all the changes we are focused on for the upcoming months, we
can't forget that tax season is fast approaching. It's time
to make plans for your year-end 1099 filing.
Standard
Solutions' 1099-S Year-End Processing Service:
Rely
on Standard's Year-End Processing (YEP) Service to help you
prepare timely and accurate 1099-S filings that meet all IRS
electronic filing requirements. With reports that allow you
to find and correct any missing data, our YEP service helps
prevent errors and omissions and ensure timely filing.
Because
we can use the data already stored in your Standard Conveyancer,
our YEP service saves you money compared to manual processes
done by accounts or in house. You don't need to waste precious
time and resources filling out tax forms by hand!
Please
take a moment to read
more about our Year-End Processing Service. If you are already
familiar with our YEP service, you can go right to the fee,
deadline, and early sign-up discount information to sign
up for this year. The early sign-up discount date this year
is December 11th.
For
more information or assistance, contact Standard Solutions at
(781) 324-0550 or services@standardsolutions.com.
On
track for RESPA updates
To
date, the only major lender to announce early use of the new
GFE and HUD-1 is Wells Fargo, who said they will start using
the new GFE for originations starting December 5th. A few smaller
lenders have are taking a similar path, but we know of none
starting earlier. Realistically, this means that it is very
unlikely that anybody will be closing with a new HUD-1 until
near the end of the year.
We
all know this is an enormous change for the industry and that
a great deal of uncertainty remains about exactly how the new
forms will be used. It's likely that our software will require
some additional tweaks over the upcoming months as it becomes
more clear how lenders will want to use the new HUD-1. In order
to better manage the distribution of the update, we will work
first with anyone who does closings for Wells Fargo and other
early adopters. This way, we will be able to incorporate any
feedback we get into the final release of the update.
Training:
Because of the expected high demand, at this point we are considering
offering group trainings at our office in December and January.
Please let us know
if you are interested in attending a training session (and
how many people might attend) so that we can gauge interest.
If
you already have a good understanding of how the new HUD-1 and
GFE are supposed to be used and you would like to participate
in reviewing our final testing, please call us at (781) 324-0550.
More
information about the updates and what you need to do ahead
of time can be found at our
RESPA Center and in our November
2nd QuickNote.
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November
24, 2009
Happy
Thanksgiving!
We'd like to take this opportunity to give thanks
for your loyalty and support throughout the year. Thank you!
Holiday
Schedule:
We will be closing early Wednesday and will be
closed Thursday and Friday.
Web
Site QuickLinks:
Click a link below to reach our Web site:
RESPA
Update Center
Help & Support
Products & Services
Critical MS Word Update Information
Standard Conveyancer Program Updates
Standard Conveyancer Document Auto-Updater
QuickNotes Archive
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