QuickBooks Online 1099 is a feature that allows the user to file and submit with the Intuit 1099 E-File Service. On doing the above you are mailed a printed copy to your contractors at no additional cost when on filing through our Support team. QuickBooks Online is known to provide the best of the features to the users which makes it all the more important to take the right advantage of the features. QuickBooks Online 1099 setup has been discussed in the blog.
Follow the complete QuickBooks Online 1099 introduction blog and in case you come across an error reach out to the QB team on (855)-526-5749.
Activate QuickBooks Online 1099 e file
Before moving ahead with QuickBooks Online 1099 user has to go ahead and activate the 1099 feature. This can be done with the steps listed below:
1. Click on Edit and choose Preferences.
2. Hit on Tax: 1099 on the left.
3. Choose the Company Preference tab option.
4. Next to Do you file 1099-MISC forms? select Yes.
5. Click OK to save the preference.
What is the way to QuickBooks Online 1099 setup for vendors?
Step 1. Move to the Vendors option in the left menu bar, and double click on the vendor to open for edit.
Step 2. Choose Edit at the top right of the screen, and insert the vendor’s tax ID number at Tax ID and check the box below Track payments for 1099. (It is important to ensure that the vendor addresses are current and accurate. Next, important point is that you should have sent out W9 forms to every eligible vendor before the year-end, asking them to complete, sign and return the form to you. This is very important, as the form will contain the correct address and tax information. It will also allow you to see if they are a corporation, and therefore exempt from 1099.)
Step 3. At last, Click on Save.
Run a QuickBooks Online 1099 report containing a list of vendors
Moving ahead with QuickBooks Online 1099 feature. We are listing steps to run a report with the list of vendors. Here are the steps:
1. Choose the option of Reports.
2. Search for "Vendor Contact List" and open the report.
3. Hit on Customized.
4. From the Rows/Columns drop-down menu, select Change columns.
5. Click on the Track 1099 checkbox.
6. Select the Run Report choice.
If you want to sort the report by 1099 vendors:
1. First, choose the Sort drop-down menu.
2. From the Sort by drop-down menu, click on Track 1099.
3. Select anywhere to refresh the report.
The blog ends at this point with quick sections talking about QuickBooks Online 1099 feature. If you have any query for the same contact QB team on toll-free number (855)-526-5749.