Underwriting News

Your source for the latest updates from the ATG Underwriting Department. ATG agents, sign-in above for access to a vast library of resources in the members-only Underwriting Index.

Significant Changes in 1099 Reporting Requirements - Updated 02/22/2024

12/06/2023 - 12:00am
The IRS has made several changes regarding 1099 filing for transactions that closed in 2023 and are reportable in 2024. For Advocus member agents who are responsible for reporting these transactions...

ATG Name Change and Construction Escrows

11/03/2023 - 12:26pm
Construction escrows that were in progress on September 1, 2023, must be updated by having the parties (the owner, lender, general contractor, and Advocus) execute the Change of Name Amendment to...

Change of Default 1099 Setting in REsource

10/25/2023 - 9:51am
Currently, whenever a new seller is added in the Seller tab of Order Entry in Resource, the checkbox "Do Not Generate 1099" is checked by default. The original procedure was that after the closing,...

1099 Reporting and Trusts and Single-Member LLCs

10/17/2023 - 10:27am
There is a continuing problem with reporting sales and exchanges in which a trustee or single-member limited liability company (LLC) is the transferor/seller but the 1099 documents contain an...

1099s to ATG Shareholders from PNC

02/22/2023 - 9:27am
Both 1099-B and 1099-DIV Needed to Prepare Your Taxes: ATG engaged PNC Paid, LLC (PNC) to be its paying agent in connection with the closing of the Rate, Inc. - ATG transaction in April of 2022. PNC’...

ATG Announces Merger Agreement with Guaranteed Rate

01/05/2022 - 1:29pm
Originally sent via email January 5, 2022 Dear ATG Agents and Shareholders, Happy New Year. It is, at once, a time to reflect on the past and to look ahead to new opportunities. We invite you to...

Use MyDec to Process Real Property Transfer Tax Declarations

12/14/2021 - 4:00pm
Effective Immediately for Attorneys Who Practice in Illinois Illinois counties do not accept the old paper transfer declarations (PTAX FORMS) for electronic recordings. Please use MyDec for all...