Dear Land America companies:
This web page can be found at:
www.1099Express.com/LandAmNew.asp
As you may know from the letter of April 10, 2008, from M. C. Stokes, Land America is no
longer sending your 1099-S forms to the IRS, and has suggested 1099 Express.
We appreciate this mention very much.
We would like the opportunity to earn your business, fill this void, and keep you out of trouble with the IRS at the end of the year.
I believe you will find IRS compliance to be easy and painless. 1099 Express is a
Windows program
you may test free with no obligation to purchase.
To try the real program free (a 10 second download), click here:
www.1099Express.com/downloads.asp then follow the directions to download
and install the 2008 pre-release program.
Feel free to call our tech support at 361-884-1500, if you have questions. We
can walk you through everything making it very easy.
After talking to many Land America agents, we recommend that you ask the seller
fill out and sign an IRS form
W-9 at closing. The W-9
certification protects you, the title company, from IRS penalties for
miss-matches, B-Notices, etc. and transfers potential penalties for errors to
the seller. Please contact us if you have questions about this procedure.
The 2008 program keeps you in compliance by requiring you to enter all the correct information (in the right format)
at the right time, when you can easily get it, at closing. Things like the seller's correct SSN,
legal description, seller's share of real estate tax, closing date, sales price, your file number, etc.
If you decide to purchase and activate your program, the cost is $199 first year and $95 for renewals.
Land America agents get a first year price of $159 by clicking
here:
www.1099Express.com/LandAm.asp
Prices for all other customers are published here:
www.1099Express.com/Prices.asp
Several months have passed since January. You may have many 1099-S forms to enter.
1099 Express for 2008 allows you to keep up on a day-by-day basis. By IRS
Rules you are obligated to give or mail the seller "Copy B" complete with
"Instructions to Transferor". 1099 Express creates this form on blank paper,
so there is no need to purchase forms.
Then in January 2009, you can e-File, or file on pre-printed forms, FREE to the IRS.
If you wish to e-File, we will show you how (see Help/Index Topic No. 10).
Optionally, if you prefer, we will deliver all of your 1099-S forms to the IRS (by e-Filing them for you)
for a flat fee of $75.00. e-Filing always includes a written confirmation
from the IRS so you know compliance is complete.
If you wait until year end, you may be surprised how difficult and costly it is to to track
down all the compliance details you need to file correctly to the IRS.
Entering data into the "form replica" is very simple, see below:
When your program is installed, please feel free call us for a quick 5 minute tour.
You can be up and running at once.
Our phone number again is 361-884-1500.
We are glad to show you how to:
- Open the sample file (c:\E2008\1099-S.src).
- Add, change, void, delete entries.
- Set up and add to your own file.
- How to import data (if you need to).
- Be ready for January 2009 year-end filing to the IRS.
If you prefer to read the manual, just click on the Help/Index menu, then review Topics 2 and 3 for how to use the program,
and Topic No. 10 for how to e-File.
Thank you for considering 1099 Express for your IRS compliance needs.
Very truly yours,
