IRS Form 1099-S is one of many 1099 forms that can overwhelm a real estate agency if you do not pay close attention. Avoid letting your forms pile up and stay up-to-date on all the proceeds from your real estate transactions with tax and accounting software. It is easier to reduce the risk of falling behind in reporting when you get a trustworthy and comprehensive accounting program. Try not to wait for when you absolutely need tax form support. Strive to be proactive and get affordable software now. Reduce the likelihood of missing deadlines or the agency needing to pay late penalty fees to the Internal Revenue Service.
Advanced Micro Solutions’ base W-2/1099 Forms Filer program is an ideal tax solution for small real estate agencies who need cost-effective and reliable software. The system supports W-2, W-3, and many 1099 forms.
How Can 1099 Software Help with IRS Form 1099-S?
Simplifying how you fill out and submit your 1099-S forms will help you to focus on other areas of your real estate work. Software features that are useful for 1099-S form reporting include:
Form Generation – Generating your own tax forms with software is a great way to save time and money on resources. Look for a program with multiple types of forms that you need now and may need in the future. Eliminate needing to purchase endless amounts of tax forms that you never end up using for a tax season. Saving money that you can dedicate to other areas of your work will be highly beneficial.
Easy Form Alignment – Make completing IRS Form 1099-S easier when you get software with easy form alignment. Spend less time trying to get each of your forms to look exactly right. Take the saved time to re-dedicate yourself to other operations and management tasks that you may have needed to temporarily put off or neglect.
E-Filing Capabilities – Electronically file your 1099 tax forms to spend less money on printing paper, forms, and the specific type of ink that the forms require. Submit the forms electronically and directly from your 1099 software with only a few simple clicks.
Entry Fields and Easy Saving – Choose the right program that allows you to select entry fields with the Tab, Enter, and/or arrow keys. The program might also let you select entry fields on IRS Form 1099-S when you click on a field with your mouse. Speak with a software vendor to see if their system saves data as soon as you access a form or report.
More Benefits of Getting 1099 Software
It is easy for some small agencies to convince themselves that getting 1099 software is just spending already-limited funds on extra bells and whistles. But there are major benefits for agencies that simplify the 1099 reporting process.
Greater Organization – Streamline how you review your data and analytics. The best 1099 program centralizes where you keep and access your important documents. Get ahold of an IRS Form 1099-S whenever you need it with fewer concerns about losing data or dangerous data leaks.
Improving Efficiency – Real estate agents know that tax season is not the only time of year when you need to be at the top of your game. Employees and clients rely on forms and any relevant documents to be sent as soon as they are completed to the necessary workers or agencies. Tax preparation software can help prevent deadlines from sneaking up on you.
Reducing Costly Errors – No agency wants to make a mistake or need to correct it with a separate form. Avoid wasting time and minimize the risk of penalties from the IRS when you invest in a system that can easily flag any discrepancies and quickly notify you of them.
Boosting Employee Morale – Investing in solid tax software can translate to having a reliable system for all of your accounting and payroll needs. Keep all agents satisfied that you will pay them on time and with total accuracy when you invest in an affordable full-accounting suite of tools.
Get 1099 Software For All Tax Forms
The ability to generate IRS Form 1099-S is just one of many benefits in our W-2/1099 system. It does not matter which industry you are in or the type of firm. Users working in multiple industries consistently choose our intuitive, menu-driven format based on its comprehensive nature and its reliability. Our software supports up to 99,999 employees or recipients per payer. Calculate your selected fields and use the Browse command tool to enter data with a spreadsheet format.
Our six optional add-on modules include: AMS Payroll, Software Generated Forms, Forms Filer Plus, E-File, 1042-S Filer, and an Affordable Care Act Filer. Download our free 1099-etc Demo software today and get started.