Tongo, a company dedicated to building financial products that finally meet the needs of the commission economy, has partnered with april to to integrate seamless tax filing and estimation for 1099 real estate professionals.

Real estate professionals experience highly volatile income due to the seasonality of home sales, interest rates, and market dynamics and lack the basic financial tools such as payroll for savings and tax automation, which are all designed for salaried workers. Tongo is bridging the gap with its Financial Benefits Platform which delivers automated budgeting to savings, checking, retirement, and investment accounts, and now tax estimation and tax filing with april. 

Until now, however, real estate professionals have been challenged to accurately estimate and make required quarterly tax payments. As 1099 workers, they must carefully calculate their income and expenses to prepay the IRS to avoid penalties.

april’s embedded tax estimation tool syncs with Tongo’s income data to seamlessly estimate and enable users to make quarterly tax payments. In addition, april’s embedded tax filing tool covers many common tax scenarios for 1099 workers and small businesses, including Schedule C, contributions for retirement plans, and Qualified Business Income deductions. april is an IRS authorized e-file provider that offers the maximum refund guarantee1 and live support.

“The traditional tax system was designed for salaried workers, while commission-based workers are a massive, underserved, and growing segment of the US workforce,” said Brandon Wright, CEO at Tongo. “april enables us to deliver convenient and tailored financial services to help real estate professionals thrive personally and professionally.”

By embedding april’s tax estimation capabilities, Tongo joins a growing list of forward-thinking platforms and payroll providers like Gusto and Dayforce that are giving millions of Americans access to next-generation technology to take control of their financial lives.

“For too long, tax has been a black box,” explained Ben Borodach, CEO and Founder of april. “We’re excited to partner with Tongo to give real estate professionals a complete financial picture that helps them remain compliant and make smarter financial decisions.”