1099’s issued for Interest
These are done on rare occasion when a Board Member, or Resident provides a large loan to the HOA. The HOA pays back the loan over the course of the year in installments. 1099-INT forms need to be ordered aside from the 1099-MISC forms.
To start 1099 printing:
- Click on CiraBooks, On home page of MyCiraNet,
- Click on Accounts Payable,
- Click on Vendor 1099 Icon.
- In the following screen, you run 1099’s based on Management company. This screen will default to RealManage. Choose only Branches and the HOA’s that have a 1099-INT vendor. Choose the year, Click all branches under the first column on left: Location.
- No report is pulled to send to Fulfillment, these are printed directly since there are usually only one or two, if any,
- A 1096 form is then filled in manually and mailed to IRS. These forms are very self explanatory and require minimal information, i.e; HOA name and Tax #, number and type of forms being reported, email address and fax number.
See Also: Generating the 1099 Summary Report
Adjusting for a Mid-Year Accounting Conversion
Need Assistance?
Please contact our AP Hotline at 972-380-3530 at 855-877-CIRA (2472), Option 3
Alternatively, you may send an email to accountspayable@ciramail.com for Matters relating to community accounts payable and vendors, including vendor invoices, check research, EFT matters, 1096 & 1099 matters unless there is a question about charges which should be discussed with branch leadership and corporate accounting.