TitleVest Launches 1099-S Preparation and Filing Service
Technology enables free doc prep and filing with all title insurance and coop lien search orders
New York, New York – November 17, 2008 – TitleVest today announced the launch of another free service: the preparation and filing of IRS Form 1099-S. This value-added service is available on all title insurance and coop lien search orders placed through TitleVest.
1099-S is used to report the gross proceeds on the sale or exchange of real property. The person responsible for closing the transaction is required to file the form with the IRS.
TitleVest’s 1099-S preparation and filing service, accessible through www.TitleVest.com , is an enhancement to its Interactive Online Reports™. Since most of the information needed to complete a 1099-S form is already provided in connection with a pending transaction, users can have a 1099-S automatically generated and filed by supplying a few additional pieces of information.
"We have received an increasing number of requests for 1099-S preparation and filing services," said Bill Baron, president of TitleVest. "We already offer free ACRIS E-Tax form preparation with all title and coop orders, so expanding our services to prepare and file 1099-S forms for free was a logical extension."
TitleVest's 1099-S preparation and filing service is the latest addition to TitleVest’s arsenal of proprietary web-based tools and services. Other offerings include ACRISasap™, ACRIStracker™, UCCtracker™ and Legal Form Generator, among others. All technologies are designed to help streamline the real estate closing process.
To learn more about TitleVest’s services, visit www.TitleVest.com .
The TitleVest family of companies consists of TitleVest Agency, Inc., 1031Vest, LLC, and InsureVest Brokerage, LLC:
TitleVest (TitleVest Agency, Inc.) is a leading provider of title insurance, cooperative apartment lien searches, and related real estate services. TitleVest is a policy issuing agent for First American Title Insurance Company, Chicago Title Insurance Company, Fidelity National Title Insurance Company, Stewart Title Insurance Company, Old Republic National Title Insurance Company and Commonwealth Land Title Insurance Company.
1031Vest (1031Vest, LLC) is a leading Qualified Intermediary for IRC Section 1031 Tax-deferred Exchanges. A proud member of the Federation of Exchange Accommodators, 1031Vest is fully bonded and insured.
InsureVest (InsureVest Brokerage, LLC) is a full-service property and casualty insurance brokerage offering a full line of business and personal insurance products from its network of the leading and highest-rated insurance carriers.