IRS
1099-S for 2015 posted for download
The
new documents should already have downloaded through your Standard
Solutions Auto-Updater.
The
IRS has released the 2013 1099-S. We have added our two versions
to the software and posted them for download through your Auto-Updater.
You can merge a 1099-S from one of your files to make sure you
got them.
It
varies from year to year, but typically the IRS does not publish
the new 1099-S until some time in January or February. We need
about a week to add the douments to the software, test them,
and get them into an update.
IRS1099M
is for married couples, and IRS1099I is for any group of individuals
not married to each other. The correct version will show up
in your closing batch if you have the correct marital status
entered for the seller.
Standard's
Closing Disclosure Solution
Many
of you have reached out to us to discuss our plans for the Consumer
Finance Protection Bureau's new five-page Closing Disclosure
form. Standard
Solutions has been following the development of the new form
and regulations since the earliest drafts in 2011. You can
rest assured that we are hard at work on an upgrade to our software
that will produce the new form prior to the August 1st implementation
date.
Standard's
Closing Disclosure Solution will be available as an upgrade
to our 64-bit compatible software, Standard
Conveyancer Closing Center
and Standard HUD & Title.
We
announced Closing Center in last fall, and it's been in
use at some client offices for nearly a year. You can see a
screen
presentation of Closing Center on our web site.
Watch
for more information about Standard's Closing Disclosure solution,
coming soon!
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Integrated
Disclosures QuickFact
While it's
based on the HUD-1 and TIL forms, the new Closing Disclosure is
not called the HUD-1. Responsibility for RESPA has been moved
from the Department of Housing and Urban Development (HUD) to
the CFPB.
SC Closing Center QuickFact
Closing
Center is based on Standard's HUD-1 screens you have been using
since 2010, which makes it very easy to learn. It
runs on 64-bit and 32-bit Windows computers. For most offices,
we can have you up and running and trained on Closing Center in
about an hour!
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