1099s and Taxes

  • 1099s and Buildium: What you need to know

    This is a recording of the January 12, 2015 webinar that was co-hosted by Buildium and our 1099 E-Filing partner, Nelco. Watch this webinar to learn the basics of 1099s in property management and h...
  • 1099-MISC tax filings

    A 1099-MISC is a US tax form that reports non-employee income and compensation (or "miscellaneous income") to the IRS. This form is also used to report income made off of rental propertie...
  • 1099 payer

     A 1099 payer is the entity that files a 1099-MISC form with the IRS. Synonyms include my property management company, me, or my association. For example: I paid Hank the Handyman $1,200 last year...
  • 1099 recipient

    A 1099 recipient is a vendor or rental owner to whom you will send a 1099-MISC form. You can include as many recipients as you like in a single batch. For example: I paid Hank the Handyman $1,200 ...
  • How does Buildium calculate 1099 totals?

    There are three boxes on a 1099-MISC form that are used in property management. This topic explains how the amounts are calculated in Buildium. Box 1 - Rent incomeShowHide This box is used for re...
  • Process 1099-MISC forms

    Buildium offers a 1099-MISC eFiling service to help you save time during tax season. Buildium can help you efile your 1099 tax forms with the IRS, and mail paper copies to the vendors and rental ow...
  • Reprint a 1099-MISC form

    If an owner or vendor loses their copy of a 1099-MISC form you’ve filed through Buildium, or if something got lost in the mail, you can order a reprint. Reprints are the option to use if all the in...
  • Correct a 1099-MISC tax form that has already been e-filed with the IRS

      If you need to correct a 1099-MISC form that has already been e-filed through Buildium, there are certain types of corrections that are able to be filed through our system, and certain correction...
  • Transmitter Control Code

    A transmitter control code is an identifier that the IRS uses to distinguish different electronic filing companies who submit data to their FIRE (Filing Information Returns Electronically) system. ...
  • Buildium's W-9 tax form

    A W-9 is a request for taxpayer identification number and certification. It's a best practice to get one of these forms from any vendor or rental owner for whom you may need to file a 1099-MISC. Yo...
  • W-2s, 1099-MISC tax filings and reimbursements

    A 1099-MISC is a tax form that reports rents and other income to the IRS.   For example:  I paid Hank the Handyman more than $600 last year. I filed a 1099-MISC form with the IRS to let them know....
  • California withholding tax

    The state of California has a law that requires property managers to withhold a percentage of rental income earned by rental properties located in California by rental owners who live out of state....
  • Goods and Services Tax (GST)

    The Goods and Services Tax (GST) is a tax that is paid on goods and services in Canada. You can also use the guidance in this topic for the Harmonized Sales Tax (HST). If you have questions about t...