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IRS
MAGNETIC MEDIA REPORTING |
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The Magnetic Media Reporting
program eases the burden of gathering, storing, and
retrieving information for year-end reporting of all real
estate closings to the Internal Revenue Service. |
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Either standalone or fully
integrated with the Settlement/Disclosure program,
Magnetic Media Reporting abstracts and stores
information for year-end retrieval.
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The disks produced fully
comply with all IRS requirements for magnetic media
reporting.
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our integrated software system allows you to
transfer all necessary information from
Settlement/Disclosure into Magnetic Media Reporting.
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The Magnetic Media Reporting
program allows you to produce not only the 1099-S for
the seller, but also the 1098 for the buyer and 1099
miscellaneous.
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You save time and money with the ability to report
multiple transmitters on one disk, with unlimited
transmitters.
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Closings completed before purchase of Magnetic Media
Reporting can easily be entered directly into the
Magnetic Media Reporting file, providing complete
reporting for the entire year.
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- Ability to Fax and Email
any payee information or report from directly within the software.
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- Contains two IRS
Magnetic Media specific reports, which enable you to see
information pertaining to each payee inputted into the system.
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