This was also interesting. Apparently in the works for some time, just launched.

It’s probably not a coincidence that as this rolled out, service providers actually did something about all the nuisance calls and scam attempts. They’re still coming in, but fewer and further between. Finally a little phone relief from scamsters. Not sure what this entity’s specific goals are but at least it’s something happening. Nothing to really focus on as an appraiser, but still an interesting tidbit of information.

https://cyber-nyc.com/

this double dipping outsourcing of 1099’’s smells of passing the possible data breaching buck wherein Amrock can distance (shelter) themselves from liability.

Michael… Learning to use the internet is perhaps slightly more in depth than you may give it credit for.

The company in question is: Fidelity Financial LLC.
Let’s cop a lead first.

Trace that to a home page and capture an email.

Check the email against known data breach disclosure site(s).
Here is just one.
https://haveibeenpwned.com/

As expected, a validated hit. From 02/2019. The volume of hits is only somewhat important. More vital is the understanding how we are all being played by major corporations when we share our data. They gain data, sell and trade data, leverage data, and profit. Data security is always in the rear view mirror when it comes to employees and customers these days.

“The internet”, yeah, I’ve heard of it… Be a power user or be careful, there really is no in between in 2020. Do you live under a rock or have you not heard of the massive scale of data breach disclosures lately?

https://hostingtribunal.com/blog/hacking-statistics/

If an appraiser can’t tell the difference between a scam and a request for third party data sharing from legitimate companies, they are their own worst enemy. No further action is required. Keep Clicking!

Audit the fed and vote for flat tax, or do the job correctly as it’s intended to be completed, without compromising vendor or customer data privacy. It’s the same old story about oversized bureaucracy and red tape.

Businesses have this annoying approach lately where they think because it’s good for them, any activity must be deemed acceptable for everyone else.

You know, if you can’t cook, get out of the kitchen. Justifying excess work requirements to independent appraisers is an instant no traction conversational point regardless of the subject matter. Where is my advocate for more simple and more fair process implementation? Another third, fourth, and fifth party? No.

That’s interesting. You know those, 20 privacy settings you should set up for win 10ware? Try hundreds. Go through the privacy area, all linking syncing sharing, don’t allow anything to talk to anything else, turn it all off. The entire range of cortana and privacy settings ‘options’ is focused primarily around cross platform and multi device informational syncing. Spend some time adjusting through the Local Group Policy Editor. Give up on prefetch. If you’re worried about surveillance you probably should not be using a cell phone in the first place. If you’re waiting on some scan program to identify pups you’re doing it wrong.

Back in the day running a business required hiring competent employees. The act of outsourcing and sharing data freely was unheard of. I don’t care how much the management activity costs, the burden of cost reduction should not extend to sharing the private data of employees vendors or customers.

Milton just opt out, pass the burden back. Far more information you are not aware of has already passed hands. Even if resistance is rendered symbolic, it’s still our right as free people to make that objection. I refuse to use those tools too. Just mail it to me already because unless I sought it out and needed it personally, I object to third party entanglement as a general rule. Where is Techno Viking when you need him?

also, sorry for multiple, I would get nervous once things start getting transferred to multiple companies.

it is NOT basic bookkeeping. Ask any tax accountant. 1099s are not easy. Which is why a lot of small businesses skip sending them.

it requires to verify the TIN, the address, the amount. If you miss something as a period at the end of Inc, it is a violation. If you have five vendors, it’s doable. If you have thousands It can be a daunting task.

I am not understanding what you are talking about. I have been working with 1099s for decades.

The company outsourced to a company who out sourced to another company?

Or they out sourced to a company that requires you download your tax documents from their platform?

FWIW the IRS requires companies file electronically if they have to issue more than 250. That is typically done through a software/platform company.

It sounds like they are trying to save money. It costs 3 to 5 dollars per 1099 for processing and fees.

What is so difficult? It is basic book keeping. There are numerous software programs that can do the task easily. What is disturbing is the company outsourced to turned around and outsourced to another company. That is just wrong on many levels. The women I spoke to at the IRS was taken back when I read her the email. She said it was very suspect.

Most companies outsource the 1099 because they are such a PITA to do correctly that hiring a company that specializes in them is what is required. Personally I’m irritated companies are required to enforce the IRS regulations. It’s expensive, and if you get anything wrong it’s a 250 dollar fine per 1099.

You do have a right to require the company to hand issue a 1099 for you.

Click that link and you will install a surveillance Bot into your cell phone/onto your hard drive. Every key stroke you make will be recorded and placed inside a machine learning AI Database. Every appraisal report you submit to anyone will have its data STOLEN and used for their AVM/Bifurcation products.

It’s your choice….They got busted stealing Intellectual Property from House Canary.

Do you think they give a FLYING F about appraisers????

BOTTOM LINE …….TRUST NO AMC…….EVER

Michael. Using software is not the same as outsourcing to a third party company. The concern of our personal information is heightened significantly when the unknown third party who has no direct web results outsources to another company. When I spoke to the IRS, I was told the company must have your permission to issue a 1099 electronically. I am sorry if you do not understand, but this article is another example of how great AppraisersBlogs is in alerting appraisers of wrong doing and issues of concern.

It you don’t care who gets your information or who has it, that is fine, no sweat off my back. Please don’t criticize others who are more informed than you and wish to take precautions to protect their personal information.

Yes they did. We’re publishing a post about it in a couple of days.

It is not a phishing email. It was in the newsletter you should have received last week. If you did not get it, check you spam folder.