How to process 1099s in QuickBooks

How to process 1099s in QuickBooks

QuickBooks is a software that not only takes care of your accounting but also takes care of the sales tax that you need to pay to the government. In this post, we will get to know more about the 1099 form, how can you process 1099s in QuickBooks Desktop, etc. However if at any moment you have any doubt regarding the same it is imperative that you should talk to a QuickBooks professional that is available on QuickBooks Customer Service Contact Number.              

To begin with, firstly you need to know about the 1099 form so please read the next segment carefully.

What is a 1099 form?

It is a form that is issued by the IRS. IRS stands for Internal Revenue Services that is a U.S. government authorized agency that is responsible for the collection of taxes and enforcement of tax laws.                    

IRS Form 1099 is a record that helps them track the money that you’ve paid to a non-employee or maybe an employee that is not presented by you in the company documents.

There are different types of these1099 forms that the IRS uses, but the two that you should know about are:

  • 1099-MISC
  • 1099-NEC.

As of the 2020 tax season, there are a few things that you should know about these two types of forms.

How do I file my 1099 forms?

There are only a couple of options that you can look for filing the 2020 version of 1099-MISC and 1099-NEC. We’ll help you through and e-file your 1099 forms. We’ll automatically exclude payments that you don’t need to include on your 1099s (like the payments that you made with credit cards and some different electronic payments mode). All you need to do is just place a call by clicking on QuickBooks Customer Service Contact Number and we will take over from there to help you file the 1099 Forms.                                  

Please note that for each of these forms the tax filing due dates is different:                                   

  • For Form 1099-MISC the due date is March 31st.
  • For Form 1099-NEC the due date is January 1st.

This is the best way that you can file your 1099 forms so that there are no confusions left. However, if you’ve any doubts you can clear them with our QuickBooks Technician which is there to give you appropriate solutions and to clear all your doubts. All you need to do is place a call by simply clicking on QuickBooks Customer Service Contact Number.

Things that you don’t need to worry about while filing the 1099 forms.

  • When Intuit transmits 1099s via E-file, Your data is safe with us we comply with all the IRS requirements in Publication 1220.
  • E-file can only be supported by contractors with an official U.S. address. You must E-file by specific dates that are determined by the IRS.
  • If you’d like to know more about the 1099-MISC form, you can always download the IRS general instructions for 1099 forms.

These are the things that people rightly so worry about while filing the 1099 forms. The above pointers will help you to understand that you don’t need to worry at all please read each and every section very carefully.

If you have any doubts do clear with them your accountants or a QuickBooks professional who is available on QuickBooks Customer Service Contact Number 24/7 just to help you with any doubts, issues, or errors related to QuickBooks Desktop.

Conclusion

In conclusion, QuickBooks is a software that takes care of your taxation process as well but to understand it better you need to know about the regulatory guidelines that your state has passed.                            

In the above post, there are details of the 1099 form how can you file your 1099 Forms and things that you don’t need to worry about while sharing the information. However, if you’re still not able to understand or have any doubt please contact QuickBooks Customer Service Contact Number and clear all your doubts.

Hope this post helped you understand the 1099 form and how to file them.

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