The Ultimate Guide to 2020 Tax Slips and Year-end in Back Office

It's hard to believe it's almost tax season again already (where did 2020 go?!), but it's coming up quickly--and the team at Lone Wolf has been busily preparing to make it as simple for you as possible.

So without further ado, here's everything you'll need to fly through tax season this year!

If your brokerage is in the U.S., there are two slips you'll need for your staff, admins, and agents: 1099s and W2s.

Preparing 1099s for your agents

You can prepare 1099s in Lone Wolf's Back Office using your agents' commission history information. You can also prepare them for rentals, outside brokers, accounts payable, and incorporated agents.

1. Check your 1099 information to make sure everything's accurate and up to date. Full walkthrough >
2. Use the 9.5.4 menu to prepare your 1099s in Back Office. Full walkthrough >
3. Print out any necessary copies. Full walkthrough >

Preparing W2s for your office staff and admins

You can prepare W2s in Back Office using payroll records for your staff and admins.

1. Check your payroll history to make sure everything's accurate and up to date. Full walkthrough >
2. Use the 9.5.3 menu to prepare your W2s in Back Office. Full walkthrough >
3. Print out any necessary copies. Full walkthrough >

Full video walkthrough

We recently held a live webinar with one of our Back Office specialists to walk you through generating your 1099s and W2s. Check it out!

Closing out your year

All ready to close out 2020 (and never look back!)? You're in the right place! We've gathered up all the essential resources you'll need for a pain-free year-end.

Check out our comprehensive guide here, and don't forget to check out the live webinar we recently held to walk you through the process.

To view the original article, visit the Lone Wolf blog.