Year-End Processing Available Services
:
- IRS FIRE (Filing Information Returns Electronically)
Processing: Includes preparation for your firm's
2015 1099-S data for electronic filing at the IRS
FIRE Web site (http://fire.irs.gov).
Your final data must be transmitted to the IRS by
March 31, 2016. (The deadline is
February 29
for
paper filings.)
- Recipient Forms: As an additional service, Standard Solutions
can generate your 1099-S seller recipient forms. Recipient
Forms must be postmarked by February
16, 2016.
Basic Fee and Sign-up Deadline:
IRS deadlines must be met, and our deadlines allow
time for processing the large numbers of participants
in this program. YEP Service will not be available for
clients who do not sign up by the deadline or who have outstanding
balances on their accounts.
The YEP Basic Fee for tax year 2015
is $425.00, but is discounted to
$395.00 if you mail your
payment with your sign-up form by Friday,
January 15, 2016. The final sign-up deadline
is January 25, 2016.
- The Basic Fee applies individually to separate firms
at the same location.
- The Basic Fee applies individually to separate
offices of the same firm using separate Standard
databases.
- Where a firm has merged or split, the Basic Fee
applies to each business entity prior to and after
the merger. (If filing under a new
Federal Tax ID, you must obtain a new TCC
number using
IRS Form 4419.)
What is included in the Basic Fee?
The Basic Fee covers the total costs for
most of our clients. Our technicians will make
every effort to follow up with you throughout the
process; please remember, however, it is your
responsibility under the law to meet the IRS deadlines.
Repeated follow-up calls are the main reason
the service time allotment is exceeded and additional
expenses are incurred. Timely response to our calls
and making sure your data is complete and accurate
will help keep your costs to a minimum. The
Basic Fee includes:
- Up to two hours of services performed by a Standard
Solutions technician. Includes correspondence by
e-mail or telephone, connection time, review of
data with client, assistance with edits, generation
of reports, data corrections, zip code entries,
etc.
- One Master Report and one Error Report generated by
software we run against your data to check for missing
information. Reports are delivered by e-mail in
.pdf format for your review and approval before
the data is finalized.
- A test data file to test electronic filing with the
IRS from your office. The IRS encourages testing
for first-time FIRE
Web site users.
- Preparation and delivery of a final data file in the electronic format required
by the IRS.
Your firm must perform the actual
upload to the IRS. At the FIRE
Web site, you are required to establish your
own account for filing. Instructions
are available at the site, or you can contact the
IRS at 304-263-8700, ext. 3. File transfer
testing at the
IRS Fire test site
may be done between November 1st and February 15th.
What extras are not included in the Basic Fee?
- While you can generate Seller Recipient Forms as part of
your closing packages, if you prefer,
we can produce these forms as part of the YEP service.
The flat-fee for 1099-S recipient forms is $50.00 if
your data is complete, accurate and available for processing by January
25, 2016, or $100.00 if started thereafter.
- Corrected Seller 1099-S forms are $3.00 per form.
- Paper reports can be supplied in addition to the
standard .pdf format for an additional $25.00
per printing. You will need to cover
courier/delivery expenses for paper reports.
- If errors in your data are discovered after the preparation
of your final data file, the charge to generate a
new final data file is $35.00.
- Services rendered beyond the initial two hours will be provided
at $65.00 per hour in thirty-minute increments. The
service fee increases to $95.00 per hour for services
rendered after March 15th, and to $125.00 per hour
for services rendered after the IRS filing
deadline.
- An additional fee will be charged for each Extension
of Time filed with the IRS by your office: $100.00
for the first extension, $150.00 for the second extension
and $200.00 for the third extension and each extension
thereafter.
I have read and understand the information above
and wish to sign up for Year-End Processing
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