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The IRS has introduced a new tax form, the 1099-NEC, for the 2020 tax year. This form replaces box 7 of the 1099-Misc for reporting vendor payments to the IRS. This year in particular it will be important to keep your Promas software up to date to accommodate IRS changes for reporting income to vendors. We expect to release Rental and Association updates in December to support the new paper forms and changes to the electronic filing format.

Customers with an active subscription at the time the updates are released will receive the updates for free.

We recommend that all users who are required to report 1099 information to the IRS maintain an active subscription.

For customers who have not maintained a subscription, we are offering substantial discounts if an update is purchased in advance of the tax related changes. Read below for details.
This special offer applies only to updates purchased for The Professional Landlord ® licenses of 100 units or more*. This special pricing does not apply to regular subscription renewals.
Purchase an update by September 30, 2020 - 35% Off

Purchase an update by October 15, 2020 - 30% Off

Purchase an update by November 15, 2020 - 25% Off

Purchase an update by December 15, 2020 - 20% Off

*30-unit and 50-unit licenses can receive $100 off an update if purchased by September 30, 2020.
Please visit support.promas.com/policies for pricing and support policies. To take advantage of this offer please ask for Angela at (703) 255-1400 or email her at angelamarie@promas.com to learn more. The best pricing for this special offer expires September 30, 2020.
Copyright © 2020 The Promas Landlord Software Center, All rights reserved.


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