Propertyware Knowledge Base :: 1099 eFiling (Tax Year

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1099 eFiling (Tax Year - 2011)

Description

The deadline for electronic filing is April 2, 2012. In preparation for electronic filing of 1099s through Propertyware, users shoudl complete and submit the application for electronic filing. Click here for the Application for Filing Information Returns Electronically (FIRE).

Steps

Propertyware now provides the necessary file to complete electronic filing for your vendors and owners. Here are the steps to complete both:

Step	Helpful Information/Links
Complete the application for electronic filing on the IRS website.	Form: http://www.irs.gov/pub/irs-pdf/f4419.pdf
Navigate to the owner/vendor 1099 pages in Propertyware and review the data for accuracy: Owner – Management > Related Activities > Print Owner 1099s Vendor – Money Out > Related Activities > Print Vendor 1099s	If there are any discrepancies, make the necessary adjustments to owner/vendor ledger. You may also have to make changes to the owner contact or vendor ledger.
Once the Transmitter Control Code (TCC) is received from the IRS, an Administrator will need to navigate to Setup > Administration Setup > Company Information and clickEdit.	Enter the following details: Taxpayer Name – Company Owner Transmitter Control Code – Required for e-filing. Contact Name – Name of the person that will handle inquiries into the 1099.
Navigate to the owner/vendor 1099 pages in Propertyware and click Generate 1099 EFile Export button.	Important: Clicking this button does not automatically send the file to the IRS. Clicking this button will generate a file that must be saved to your computer and submitted, outside of Propertyware, to the IRS.
Complete the remaining steps per the IRS guidelines.	http://www.irs.gov/pub/irs-pdf/p3609.pdf