If your business works with independent contractors, then providing 1099 forms is an important part of proper tax compliance. QuickBooks makes it easy to prepare 1099s with information already entered into your records.
With QuickBooks, you can e-file through Intuit to simplify dealing with 1099s. If you file yourself, you’ll need the right 1099 paper to print and mail forms. Intuit sells kits for printing 1099s. If you are printing and filing your 1099s manually, you can follow these steps.
QuickBooks Online and QuickBooks Contractor Payments
- Go to Payroll, and click on Contractors or Vendors. For QuickBooks Contractor Payments, click on 1099 filings.
- Click on Prepare 1099s to create your 1099s.
- Choose the appropriate type of form you’re printing.
- Select Print sample on blank paper to verify that the form will print properly on your 1099 paper.
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- Confirm the form and click on View selected 1099 contractors.
- Select Print on 1099 forms, then click on Print to complete.
QuickBooks Desktop
- Make sure that your version of QuickBooks Desktop is updated to the latest release.
- In the Vendors menu, select 1099 Forms. Click on Print/E-file 1099 forms to create your 1099 forms.
- Select Print 1099-NEC or Print 1099-MISC in the Choose a filing method window.
- Select the date range for your forms and the vendors to print for.
- Click on Print 1099, confirm printer settings, and click on Print.
You can then send your 1099 forms to your contractors. Be careful not to miss the deadline, as 1099s must be postmarked by January 31st.