How to File 1099's in Quickbooks Desktop

[@QbuniversityOrg]

QBUniversity.org - feel free to leave a comment or question here!

[@anitagunnufson4684]

This video was exactly what I needed. Thank you!

[@QbuniversityOrg]

You’re welcome!

[@AlexaTawadrous-u6e]

Super helpful, thank you!

[@QbuniversityOrg]

You’re welcome!

[@ram201pa]

Nicely done. Thank you.

[@QbuniversityOrg]

You’re welcome!

[@bhaskrpjoshi]

Thank you for these valuable videos

[@QbuniversityOrg]

You’re welcome!

[@bhaskrpjoshi]

You been amazing ,i want to learn proper accounting in QuickBooks and I think your videos will be very helpful in this process

[@QbuniversityOrg]

@@bhaskrpjoshi awesome!

[@lindag5076]

I have procrastinated doing this. I hope I only have a couple Subcontractors. This is the first I heard about NEC ( my only subs I had to do 1099s for last year were incorporated ) Thanks for your video, I will work on these tomorrow.

[@QbuniversityOrg]

Sounds good!

[@aoefaoef4626]

I purchased the 3-part 1099 form - how do I setup QB to print on all three parts?

[@QbuniversityOrg]

It actually won’t. You will have to load each one in the printer and click the print button 3 times

[@lewisbarker8489]

@@QbuniversityOrg hello I’m having the same issue. How can I make it align so it fits on the page. I read up on this issue I believe it’s QB that hasn’t updated their system for the 3 up form. I was looking to purchase the old 2 up form but can’t seem to find it.

[@aimbelpat]

Ugh, yes! I had this problem!! Try going to the "Help" dropdown tab at the top then scroll about halfway down and select the "Update Quickbooks" option. Of course then select "Update Now" once the menu pops up. Once QB uploads the updates you'll have to restart your computer to complete the process. After I did this I was able to print the new triple 1099-NEC forms no prob! Hope this helps!

[@QbuniversityOrg]

@@aimbelpat awesome!

[@vickycruz7019]

Thank you so much. Very informative.

[@QbuniversityOrg]

You’re very welcome!

[@Mrsdevsgirl]

Extremely helpful. Thank you a ton.

[@QbuniversityOrg]

You’re welcome!

[@lynnw7618]

Brilliant job

[@QbuniversityOrg]

Glad it helped!

[@Anncont]

When you file electronically do you still need to print and send the 1099 to the vendors. It would be helpful to show the next steps after you click file form electronically.

[@QbuniversityOrg]

Yes you do.

[@Anncont]

After you submit electronically. Do you go back to the previous step to print forms? Or will there be an option to print the forms after you submit electronically?

[@laurafitzpatrick9667]

I went through all the steps, then when I clicked on the efile it sends me to a company called Zenworks. Is that correct? Thanks for all info.

[@QbuniversityOrg]

Yep it is. It’s a 3rd party integrator that efiles

[@laurafitzpatrick9667]

@@QbuniversityOrg Thank you so much for the quick reply!

[@QbuniversityOrg]

You’re welcome!

[@Clucehilton]

very helpful- thank you!

[@QbuniversityOrg]

You’re welcome!

[@anelflores7831]

Hello, I find these videos very helpful. Do you have anything in how to add a home depot card in quickbooks desktop and how to reconcile the transaction ? I am having trouble doing the reconciliation for credit card and truck loan payment .

[@QbuniversityOrg]

Thanks! I do. Just search on my channel for credit cards and loans and you should find some

[@anelflores7831]

@@QbuniversityOrg thank you for responding so quickly. I will search for them.

[@QbuniversityOrg]

@@anelflores7831 you’re welcome!

[@hoosierbuckeyedaddy]

Excellent video, as has been the case with others from QuickBooks U that I've watched. However, there is incorrect info right up front, about the filing deadline. "End of February" is the deadline for filing 1099-MISC with the IRS. The deadline for filing 1099-NEC with the IRS is the end of January! I'm scrambling a bit!

[@QbuniversityOrg]

Thanks for the feedback!

[@GanaOk]

Thank you1

[@QbuniversityOrg]

You’re very welcome!

[@kellylee514]

If they check LLC (Partnership) do I 1099 them?

[@QbuniversityOrg]

Yep

[@kellylee514]

I have so many questions. It’s my first time having to file electronically. They lowered the efile threshold to 10 and I have 5 w2’s & 6 1099’s that I need to do this month. Are you able to answer questions please?

[@mikedomagalski8682]

My printing alignment is off when trying to print the 1099-NEC forms. What can I do to adjust? Thank you

[@DianeSurface]

When I pay by ACH i put debit instead of a check number in the register. I know Quickbooks doesn't do Credit card 1099, but what about ACH payments? I'm not getting it to pull up in my 1099 list.

[@QbuniversityOrg]

Yes those should show up on the 1099 too. Is everything mapped correctly?

[@DianeSurface]

They were not showing up. I changed to ACH0123 instead of "debit" where the check number goes in the register and it solved the problem. It won't pick up "debit" . That's one problem solved. Now I'm trying to figure out the company connected to e-filing 1099s. Very confusing.... @@QbuniversityOrg

[@AR-fr8xx]

We're an s-corp in the automotive repair field. We got a 1099 NEC from one one the customers who owns an LLC and whom throughout last year repairs were made to vans he owns for his business. Do we have to enter said form in QuickBooks online? And if so, how is that done? New to qbo. Thanks!

[@QbuniversityOrg]

If you receive a 1099, no, you do not need to enter it into QBO

[@LorraineCross-be1qs]

Struggling with printing the MISC version of the 1099's due to the "map vendor payments". Under MISC I need to change all to BOX 3 but have 1000's of accounts....is there a way to change all accounts to BOX 3?

[@chelseadirks2098]

How do I edit a 1099?

[@QbuniversityOrg]

Was it already filed with the IRS?

[@chelseadirks2098]

@@QbuniversityOrg yes 😩

[@chelseadirks2098]

@@QbuniversityOrg I totally forgot to include the recipients address. 🤦🏼‍♀️🤦🏼‍♀️

[@QbuniversityOrg]

@@chelseadirks2098 call well, unfortunately, you would have to amend them with the IRS to officially change them. I’m not sure I would go that route though, and if the recipient received it, just move on. If they didn’t receive it, just put it in an envelope and mail it to them.

[@chelseadirks2098]

@@QbuniversityOrg this helps a LOT!!! So-for the IRS, as long as they have the correct name and Tax ID on the 1099 - not having an address for the 1096 and 1099 copies I mailed to them - it’s not that big of a deal?

[@ChristyWatson]

my money amount is not showing? everything else is right but it says 00 on money page. our dates are diff. our tax period is april 2021 to april 2022 do I need to do something else?

[@vickijd22]

I have a decorated apparel business, which, thus far, I have never had to issue 1099s, although I did have to do this for my husband's construction business - easy, they were rents. I order everything from large suppliers, but if I ordered from someone say who makes handmade goods...then, yes? ✔️ Assuming they have a business tax id#. In the decorated apparel business, would I need to 1099 a large company (corporation) that I hired as a subcontractor to do some items for me? From what I understand, the answer is no, however if I do not 1099 them, does QB, somehow track this as an expense to my business? Also on the flip side, if I am hired to do some work for another decorator, will they 1099 me? I am pretty sure YES, but when I do my taxes I usually already include this amount in my income as such. I certainly do not want it to be added to my income twice! Hopefully I have been clear with my questions. Thanks so much, the videos are really, really well done. 👏