Rentec Simplifies Tax Reporting For Property Managers with Automated 1099 e-file Tools

Rentec Direct announces new tools for property managers which streamline the annual filing of 1099 forms to vendors and owners. Property managers now have the option of using their existing data to populate and then automatically e-file the federal 1099 forms, as well as means to print & mail copies to the recipients.

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Rentec Direct

Rentec Direct

It’s all about saving time so a property manager’s time is spent generating new revenue and working on higher value tasks.

Grants Pass, OR (PRWEB) December 10, 2012

Rentec Direct, a leading provider of property management software for small to mid-size property managers, announces enhanced e-file capabilities for tax year 2012. Rentec has integrated with key industry partners to bring a fully automated e-file system to the fingertips of property managers.

For property managers already using Rentec’s platform, the data from their annual accounting is automatically populated into the 1099 forms. This takes what used to be a tedious or expensive process and shaves it down to just a few minutes per year. “We want to save property managers as much time as possible, every chance possible.” says Nathan Miller, President of Rentec Direct. “It’s all about saving time so a property manager’s time is spent generating new revenue and working on higher value tasks.”

The filing deadline for recipient copies of 1099s is January 31st, 2013. The IRS has built in severe penalties for late or non-filers with fines as high as $500,000 for small businesses. To help property managers accommodate this deadline, Rentec has streamlined the process of all facets of 1099 generation. In just moments, property managers can generate a all their annual 1099s which Rentec will then print and mail to recipients and e-file with the IRS.

Rentec also makes this service available to property managers who are not already on the platform. This way, property managers using a different platform or no platform at all, have the capabilities to comply with federal e-file requirements and meet the filing deadlines.

To learn more about Rentec Direct’s property management solutions, visit their website at http://www.rentecdirect.com/

About Rentec Direct
Rentec Direct provides affordable property management software solutions to property managers and landlords. Other popular solutions offered by Rentec Direct include tenant ACH payment processing, tenant credit check services, and online syndication of vacancies to more than 20 popular websites.