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IRS 1099-S Year-End Processing (YEP) Service

Take advantage of Standard's Year-End Processing Service for electronic 1099-S filing!
IRS 1999-S

Looking to avoid wasted time, aggravation and headaches? Take advantage of Standard's Year-End Processing Service for electronic 1099-S filing! Standard Solutions will prepare the electronic filing for you using the data in your Standard closing files.

How does it work?

At the end of the year, we help you generate a report to review the seller information from your transactions to ensure completeness and accuracy. Once you have finished, we transfer a copy of your data to our office. Using an IRS-compliant software package, we create final reports for your review. Upon receipt of your completed authorization and payment, Standard Solutions prepares your IRS-ready electronic filing.

What do I have to do?

You must sign up with us by the deadline. Year-End Processing services are only available clients with a current (during tax season) Support and Maintenance Plan and clear account balance(fees must be paid in fullthrough the date the 1099 filing is due).

You must obtain an IRS Transmittal Control Code (TCC) number by filing IRS Form 4419 at least 45 days prior to the electronic filing deadline (around April 1st). You can use the same TCC number from year to year, but you will need to apply for a new number if your firm has had a change in name.

It speeds the process if your data is complete and accurate before it is downloaded to our office. Entering seller tax ID numbers and forwarding addresses and making sure closings are marked for 1099-S filing will help ensure your data is complete. Please ask us for help ahead of time if you are not sure how to do this.

Standard Solutions is here to help you fulfill your filing requirements efficiently and economically. Due to the critical nature of the task and the IRS deadlines, you must sign up on time and work closely with us throughout the process to ensure a timely and compliant filing. Current pricing and deadlines are posted in the fall each year.