What is a 1099 Form? How to file 1099 in 2024
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- Опубліковано 13 лип 2024
- Learn more about 1099 forms: intuit.me/3sUoXyU
In this QuickBooks Payroll tutorial, @HectorGarciaCPA will take you through all you need to know about 1099 forms. Learn what a 1099-NEC form is, the steps to pay and report a 1099 form for an independent contractor and some best practices for handling your contractors’ tax information.
In this video:
0:00 What is a 1099 form?
0:45 Form 1099 NEC (non-employee compensation)
1:50 What's on a 1099-NEC?
2:28 Types of 1099 forms
3:01 How to pay and report 1099 contractors
4:41 How to file your completed forms
5:34 Best practices
Leave a comment below and let Hector know what other questions you have about 1099s or any other payroll topics.
Hector Garcia is a CPA (Certified Public Accountant), QuickBooks consultant and business owner. He is also just a big fan of Intuit QuickBooks! He has teamed up with QuickBooks to produce this video series about payroll.
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I completely understand the purpose. What I need to know is why I try to generate them and they are empty. I want to know HOW to print/file/generate the January forms.
Hi Beth. I'm happy to help guide you down the right path to filing your 1099s through QBO. Here's a link with all the necessary steps: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/create-file-1099s-using-quickbooks-online/L2BapEpb1_US_en_US. Should you need further assistance, don't hesitate to reach out to Support. You can reach them by calling 800-446-8848. Hope this helps. -Myshka
Thank you Hector! You are so easy to follow
Thanks Hector - You do a great job of explaining things and it is easy to follow.
glad you liked it!
Thank you, this was very informative!!!!
Very helpful information!
Very well explained and now I am ready to file on my own. This was always prepared by our accountants but this year, as I have only 2 contractors to do, I believe I can file on my own using the QB program and same my boss the accountants expense.
This was a really helpful video. Thank you!
Glad it was helpful! ^Emma
It was very helpful.
Very good
Thank u sir!
The video was informative, however if you are filing via US MAIL, do you have to hand write the 1099-NEC and send only COPY A to the IRS? I am asking because I have created the 1099-NEC s using a PDF filler and since I cannot 'print' or enter any information on the "RED" scannable copy, I am assuming that I MUST hand write the information on the actual "spindle edged" form. Please help clarify if you can.
To file electronically, is there any preliminary set up with IRS first?
muy buenos videos, podría doblarlos al español? seria de mucha ayuda, gracias
We are in Houston TX, If we get the cost of services from Outside USA. In that case, should we need fill or submit this form 1099-NEC on behalf of a vendor outside the USA?
Hi Hector. Great video. Very helpful. On my 1099 filings screen in QuickBooks Online there is a Status Field. 2 of my 1099 submissions have a status of InAgency. Can you tell me what this means? Others say Accepted.
I e-filed my 1099-NEC with quickbooks. Do they file a 1096 with the IRS and File with the appropriate sate as well?
thanks very informative: do you teach teach quickbooks.
Hector, If I pay a contractor, what "Catagory" do I use in Quickbooks? Is it Payroll Expenese?? Any help is appreciated!!
Gracias, Hector Garcia tengo una pregunta espero que me puedas asesorar, si tengo TN Visa soy software engineer y me estan ofreciendo otro trabajo usando la 1099 puedo declarar en mi pais mexico y no tener problemas por tener 2 empleos. Saludos.
The IRS is a government institution in the US?
I forgot to add one contractor when I e-filed through QBO. I'm trying to file just for that one contractor again through QBO but it brings me back the list of all the ones I already filed for. I'm un-selecting all except the one I missed. Is that correct?
Should I press submit now?
Would QBO sent the correction to IRS?
Am I missing something?
Hello, Myriam!
You can indeed unselect the others that have already been filed and only prepare for the 1 individual. However, the 1099-NEC is due to the IRS by January 31st, so this can no longer be e-filed through QuickBooks. This means that you can indeed prepare them in QuickBooks and print them on forms to mail them to the IRS, but they cannot be electronically filed.
If you're needing to file the 1099-MISC, these are due by March 31st if filed electronically, or February 28th if you'll be filing by paper forms.
For more information on preparing and submitting 1099's in QuickBooks Online, please visit: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/create-file-1099s-using-quickbooks-online/L2BapEpb1_US_en_US.
^Faith
Super helpful! Is there a due date to have your 1099-NEC given to your contractors? Is a w-9 form from your contractor a required form that needs to been sent in with your business taxes? Thanks for this content
Hey there! We recommend reaching out to our QuickBooks chat support team to ensure you're getting the most accurate answer and they will be able to locate your account as well. You can reach them by following this link here and choosing your version of QuickBooks(quickbooks.intuit.com/learn-support/en-us/open-programs/contact-support/00/433872).
Typically all tax forms need to be mailed by January 31 each year
Thank you! I new all of this, but need to know how to run the reports. The page goes blank when I try to run it.
Hey Kerry! Thanks for reaching out about this. If you're on QuickBooks Online trying to run reports and are receiving a blank page, try to clear your cache and cookies for 'All Time' and refresh your screen. That might give your browser the kick it needs to work properly. You can also try to run a report within an Incognito Chrome browser. :) ^Jasmine
Hi I am a upholster and sold a rehab company $350 of red vinyle and charged $350 for labor all the work was done in or shop not at there place of business. Now they keep calling me to fill out a w9. We are like a auto shop not a subcontractor. Is this w9 something I need to fill out for them. I gave them a paid in full receipt? thank you for your help
I categorize subcontractors as Cost of Labor/ Cost of Goods Sold but it is my understanding, that in order for Quickbooks to generate 1099's subcontractors have to be assoiciated with an expense account. Do I have to re-categorize all the subcontractors?
Nothing about that in that video. I spent 7 minutes but nothing....VERY SAD
Hello Hector, how can we correct an already filed 1099 QBO?
We'd be happy to lend a hand. You can find the steps to fix a 1099 listed here: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/correct-change-1099s-quickbooks/L1Wd3BRXb_US_en_US. Cheers! -Kristina
Can the contractors be inactive in QB to run the 1099 or do they have to be active?
Hey there. You can process 1099 as long as the contractor payments are mapped for 1099 and reach the threshold. You can learn on that by visiting this link (quickbooks.intuit.com/learn-support/en-us/other-questions/quickbooks-service-for-monthly-independent-contractors-or-1099s/01/1088963/highlight/true). There's also a hyperlink covering FAQ's that you can click on the bottom covering contractors and more.
If a contractor lost their 1099, is there a way to send him a duplicate? Quickbooks e-filed for me. Lat year they sent a PDF of all 1099's but not this year,
Thanks for reaching out here, Matt! You sure can.
If you filed your 1099's through QuickBooks Online, you can access these again by:
1. Selecting Expenses and then Vendors
2. Select Prepare 1099s and then click 'Let’s get started'
3. Select Next until you come to 'Finish and Prepare 1099s'
4. Then click 'Finish and Prepare 1099s', then select 'E-File for me'
NOTE: This will not charge you again.
This will bring you to the login screen for the E-File Service so that you can view the 1099's you've already filed, save them as PDFs, and keep them for your record or send the contactors an additional copy.
^Faith
Who is the 1099 sent out to if partnership llc uses a dba and to what address
Great question! The recipient of a 1099 should always be the contractor who files income taxes. DBAs don't file taxes. Here are some great answers to more 1099 questions: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/1099-need-file-one/L83INRc1B_US_en_US. Best of luck. -Karey
When you pay Quickbooks to efile your 1099"s do they mail a copy to the contractor as well as the IRS?
Hey there, Kathleen. Your clients would get a copy in the mail.
Thanks, Hector
do you sbtract the 1099 amount from your gross total?, Thanks
Hey there. I suggest working with an accountant for any questions regarding your taxes in order to ensure complete accuracy. All the best. -Kyle
need to show us how to add payee. all people are in qb but will not print
I've just responded to your other comment.
I am a bookkeeper do I need to provide W-9 form to my clients because they are paying more than $600 during the year for providing bookkeeping service to my clients.
Hello there, Darshani.
The W-9 form is typically used and filled out by an independent contractor or freelancer who has been paid more than $600 for work provided to a/the business. With that being said, the freelancer or contractor will typically fill this out themselves.
For more information about W-9's, please visit the IRS website right here: www.irs.gov/forms-pubs/about-form-w-9.
^Faith
If my boss pays rent for the building we are in do we need to file a 1099 for end of the year?
Hey there, Michelle. In that instance, no you would not need to file a 1099 as 1099s are just for non employees such as contractors.
@@quickbooks is a Vendor who does labor for us catagorized as a contractor? Also how do you correct after filing and remove someone as a contactor?
How do I fill a 1099 for a customer?
I have a landscaping business and he pays with a business name.
Hi there. Step by step instructions for creating and filing 1099s with QuickBooks Online can be found here: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/create-file-1099s-using-quickbooks-online/L2BapEpb1_US_en_US. I hope this helps. -Caitlyn
What if I received a 1099 after I have already filed my taxes?
Hey there, Tom.
If you received your 1099 form after you had already filed your taxes, then you may need to submit an amended return. For more information, you can visit: (www.irs.gov/instructions/i1099mec#:~:text=You%20can%20furnish%20each%20recipient,31%2C%20if%20filing%20electronically).
With that being said, only a business owner with a Federal EIN that has paid you more than $600 between 1 or more jobs/contacts you performed for them will be required to provide you a 1099 at year end. Otherwise, it is up to the independent contractor to track their income and taxes. To find out more, please visit: (www.irs.gov/taxtopics/tc154).
^Faith
how to know number 6 State/Payer's state no?
Boxes 5-7 are for state Information and your convenience only to report state taxes withheld if applicable. You can read more about those boxes and find links to IRS instructions on the website here: (quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/understand-payment-categories-1099-misc-1099-nec/L1LFZM3h2_US_en_US?uid=lwjlzj99). I hope this helps. -Karey
So I use an IPAD and cannot get it to compile information
Hey there. For any issues when it comes to a mobile device, we do suggest uninstalling and reinstalling the app being used as well as clearing the app cache from the settings. If you continue to have any issues, please reach out to our Community team: quickbooks.intuit.com/learn-support/us-quickbooks-community/misc/03/community-us. All the best. -Kyle
You did not distinguish between LLC and corporations and individuals and who is required to receive a 1099 or not
Not helpful for my request how actually use QB to file the 1099. I am ended up searching for more information. It is my first negative comments in my life. So unhappy as a business owner who needs to file 1099 using QB
Hi Olga. I'm happy to help guide you down the right path to filing your 1099s through QBO. Here's a link with all the necessary steps: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/create-file-1099s-using-quickbooks-online/L2BapEpb1_US_en_US. SHould you need further assistance, don't hesitate to reach out to Support. You can reach them by calling 800-446-8848. Hope this helps. -Myshka
A waste of time when I'm trying to just get help figuring out how to use their new website and create a 1099 for a contractor I've had for over a decade.
We're here to help you, Troy!
Here's a step-by-step guide along with a helpful in-product video(Step 3) to walk you through creating your 1099's: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/create-file-1099s-using-quickbooks-online/L2BapEpb1_US_en_US!
^Faith
I can't believe we just can't get proper help from Humans in Real Time. All the you tube videos are so frustrating. the first minute of the video is just explanation it never gets to what you need.
We want to make sure you're able to get all the resources on how to file your 1099's, as well as reach support. You can find the steps to create and file with QuickBooks here: quickbooks.intuit.com/learn-support/en-us/help-article/form-1099-nec/create-file-1099s-using-quickbooks-online/L2BapEpb1_US_en_US. As well, all the options to reach our Team are listed here as well: quickbooks.intuit.com/learn-support/en-us/help-article/account-management/quickbooks-online-support/L6WqNrDq0_US_en_US?uid=lr17s8ee. All the best.
This isn’t helping
Agreed
Thanks for reaching out.
If you're having trouble understanding what a 1099 is, when you need a 1099, or how they should be filed, you can visit the IRS website right here: www.irs.gov/forms-pubs/about-form-1099-misc. From there they have detailed PDFs and outlines answering each of these questions to help guide you!
^Faith