NEW YORK--()--Tongo, a company that builds financial products that finally meet the needs of the commission economy, has partnered with april, an AI-powered tax platform, to integrate seamless tax filing and estimation for 1099 real estate professionals.

"Until now, real estate professionals have been challenged to accurately estimate and make required quarterly tax payments,” said Brandon Wright, CEO at Tongo. “1099 workers must carefully calculate their income and expenses to prepay the IRS to avoid penalties. Working with april enables us to deliver convenient and tailored financial services to help real estate professionals thrive personally and professionally.”

april’s embedded tax estimation tool will sync 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 the latest feature of Tongo’s Financial Benefits Platform, a toolkit that delivers automated budgeting to savings, checking, retirement, and investment accounts, as well as fast access to current and future commissions. Additional features of the Financial Benefits Platform will include partners to help with retirement planning and saving, and access to high-yield savings accounts and SEP IRAs.

“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.”

Agents can also instantly access future commissions up to 60 days early via Tongo. By offering on-demand access to commissions, agents have the flexibility to pay monthly expenses and invest in business growth between commissions.

About Tongo

Tongo builds financial products that meet the needs of the commission economy. The traditional banking system was designed for salaried workers, while commission-based workers are a massive, underserved, and growing segment of the US workforce. Tongo believes everyone deserves access to convenient and tailored financial solutions to help them thrive professionally and personally.