Rentec Direct Helps Property Managers Meet 1099-MISC Tax Deadline

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Leading property management software platform, Rentec Direct, offers direct online filing of 1099-MISC tax documents with the IRS and state tax agencies for clients.

1099-MISC for property managers

Rentec Direct offers property management clients easy options to file 1099-MISC tax documents online, along with the option for one federal filing at no cost.

For property managers, Form 1099-Miscellaneous Income usually encompasses rent payments made to property owners, making it necessary to file this document with the IRS for every owner that received rental income payments of more than $600 throughout the tax year of 2017.

Rentec Direct, an industry leader in property management software solutions, is helping its clients through tax season with e-filing services and a 1099 Tax Assistant that generates easy-to-read accounting reports. E-filing allows users to submit 1099 tax documents directly to the IRS and includes mailouts to recipients. The service, offered via a partnership with authorized tax professionals, Nelco Solutions, helps property managers easily meet the IRS deadline for form submission by January 31, 2018.

“The beginning of the year is a busy time for our clients as they wrap up year-end reports and meet stringent deadlines for tax reporting,” said Nathan Miller president and founder of Rentec Direct. “That’s why we’re always looking for ways to integrate services and save them time and money. Our e-filing services streamline important processes for them.”

For property managers, Form 1099-Miscellaneous Income usually encompasses rent payments made to property owners, making it necessary to file this document with the IRS for every owner that received rental income payments of more than $600 throughout the tax year of 2017. Independent contractors that provide services in excess of $600 also require a 1099 form, like repairmen, plumbers, carpenters, landscapers and attorneys.

Rentec Direct clients can access a 1099 Tax Assistant report to pre-populate 1099 tax forms directly through the popular property management software. The 1099 Tax Assistant Report and the 1099 e-filing feature utilizes owner distributions and vendor payments entered into the system throughout the year.

Rentec Direct’s 1099-MISC e-Filing and print options are handled through an IRS-approved third-party, Nelco Solutions. Rentec Direct clients are securely and seamlessly connected with Nelco’s software to send 1099-MISC data straight to the IRS and all completed filings are mailed directly to recipients, with options to print as needed. Rentec Direct also offers online state filing for property managers.

Rentec Direct’s US-based customer support team is available to help clients with any 1099-MISC e-filing questions and can be reached during normal business hours at (800) 881-5139.

About Rentec Direct

Rentec Direct offers industry leading property management software and tenant screening solutions for real estate professionals. Features include online rent payments, tenant and owner portals, the industry’s largest vacancy listing syndication network, full property, tenant, and owner accounting, 1099-MISC reporting, QuickBooks Sync and more. http://www.rentecdirect.com

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Kaycee Wegener
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