How to edit 1099 Amounts In Quickbooks
How to: Your guide to 1099s for 2020 taxes | QuickBooks Online
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hello everyone thank you so much for
joining me today
for your how-to guide to 1099s
my name is cherisa and i'll be your tour
guide through your quickbooks online
account to help you with filing your
1099s
we'll go over how to prepare 1099s in
quickbooks online
and make sure you have all the tools you
need to get those 1099 documents to your
team
let's go ahead and get started you're
going to go ahead and go to your
far left hand navigation where it says
payroll
and in that sub menu you're going to go
ahead and select
contractors
once you are in the contractors section
at the very
top of your list of contractors it's
going to say prepare
1099s go ahead and select that
from here you're going to see that you
can start your 1099s right off the bat
or if you scroll down just a bit you're
going to go ahead and see some
frequently asked questions
i definitely suggest taking a look at
these to see if any of them are going to
answer any questions that you may have
going forward for example
now going into the 2020 tax season
we'll be using the 1099 nec form
rather than the 1099 misc form
10.99 misc will now be specifically for
any
extra compensation that is reported
so you can see here what is the
difference between 1099
nec and misc you can also see how much
does this cost
do i need to file with my state what is
a 1099
as well as some other questions that are
generally asked during this time
if you are going to manually print off
these 1099s and send them to your team
go ahead and click order a 1099 kit
once you click order a 1099 kit
a new tab is going to pop up and it's
gonna show you a few options
so 1099 nec forms you're going to go
ahead you can click
that or you can go ahead and click 1099
misc
or just scroll down and here you're
going to go ahead and select the state
that you're filing in
and then choose the quantity that you
need
and then add to cart if you need any
1099 misc kits then you can go ahead and
do the same
select the state you're filing in select
the quantity you need
add to cart and then from there you can
go ahead and purchase them
from here we can then go ahead and
continue our 1099s
i'm gonna go ahead and click on that and
from here it's gonna
make sure that i have everything set up
correctly
so here i'm gonna review my company info
make sure the name
of the company the address are all
correct the tax id and phone number look
good
and then i'm going to go ahead and press
next here i can categorize my payments
to my contractors or
1099 vendors the most common payment
type
is gonna be box number one for the nec
this
was formerly box number seven on the
misc
forms so you may recognize that
you're going to go ahead and say
non-play compensation
you'll then go ahead and select the
account
where you track the payments from and
then
if you need to select any other options
go ahead and take a look
if you're unsure you can always reach
out to us or you can hover
over the name of each one of those boxes
and it's going to give you
a little snippet of what it's for
once you're ready you're going to go
ahead and select next
and here we're going to review your
contractor information
make sure the first and last name are
correct the address their tax id
and their email if you need to take any
action make
make sure that you click edit and then
update their information
if it is missing any information it will
show up
in red so that you are able to visually
see that
and see that you need to make any
updates or changes
i'm going to go ahead and press next and
here i can review and check
that the payments all add up so i can
see total payments
if it's supposed to be landing in the
nec form any excluded payments
and then the 1099 total that will be
showing up on their form
if everything looks good i can go ahead
and say finish
preparing 1099s
and here once it's available to you guys
it's going to say
e-file for me in green or if you're
planning on doing it manually yourself
you can say print and file myself
when i click e-file for me this
1099-e-file service will pop
up and that way i can go ahead and
continue on
i can go ahead and review the info
i can select the users that i'm going to
be filing for
so i'm going to check mark make sure all
the boxes are checked
their tax ids are correct the address is
correct
and the nec numbers are correct
i can see that has not been submitted
yet
i can go ahead and press continue
i will then pay for the service and then
choose my delivery option
and then you'll submit your final forms
if you are going to print and file
yourself go ahead and select
print and file
and then you're going to select the form
type and print a sample of what you'll
need to print
so 1096 form this is the form that's
required for
filing by mail and then 1099 form
print applicable forms as shown in the
summary
so i can select the one i want to print
out i'll load
my blank paper into my printer print a
sample on the blank paper and make sure
that it all fits
perfectly if it doesn't line up
try again until it lines up and then
you'll say yep looks good
and then you'll go ahead from here
select the ones that you actually do
want to print
and then press next
you're done printing your forms and
you'll press done
and then all that information is going
to then be
sent out to the irs and to your
employees
your 1099 vendors if you ever need any
help or assistance with
your 1099 forms please feel free to
reach out to us
and we can help with any questions that
you may have remember your faqs
are right here at your fingertips in
your 1099
section if you ever need to go back and
use them as a resource
but again feel free to reach out to us
use your faqs
that way you and your contractors will
be set up for success for your 1099
forms
thank you so much for joining me today
and i hope you have a wonderful rest of
your day
![File 1099s in Quickbooks Online in Under 3 Minutes [QuickBooks Tutorial]](https://i.ytimg.com/vi/VtSXoowVnts/mqdefault.jpg)
