1099 Tax Form Delivery
It’s the time of year where federal 1099 forms are sent to recipients of more than $600 annually. (The government wants to be sure they get their part.)
As you may have noticed over the past few years, many 1099s are no longer being delivered by mail, or even email. Banks and other companies are using “electronic” delivery. This simply means you receive an email instructing you to go to the company’s website and download the document.
As long as the website has a secure connection, this is the safest form of delivery of sensitive documents such as 1099s.
Yet there are still companies sending 1099s by mail. This is not safe because identify theft has become a huge problem and 1099s contain social security numbers. To make matters worse, the envelopes used are easily identified for what they contain.
At Touchstone Properties we can deliver 1099s electronically, offering property owners more security as well as convenience.