How to Set Up Contractors and Track Them for 1099s In QuickBooks

How to Generate 1099 Forms from QuickBooks

If you employ independent contractors for your business, you want to complete an IRS 1099 form for every one that states the quantity of cash you purchased services rendered during the tax year. QuickBooks can track money paid to an independent contractor and automatically populate a printable 1099 form together with his relevant financial data. Click for more info- Set Up Contractors and Track Them for 1099s In QuickBooks.

Enable 1099 Option

• Launch QuickBooks, then click "Edit" from the menu bar.

• Select "Preferences" from the menu, then select "Tax:1099" on the left side of the window.

• Click the "Company Preferences" tab, then select "Yes" within the "Do You file 1099 MISC Forms" section. Click "OK."

Set Up Vendor • Click "Vendors" from the menu bar.

• Select "Vendor Centre" from the menu. Right-click on the independent contractor for whom you would like to make a 1099 form. Click "Edit."

• Click the "Address Info" tab and review the contractor's information to form sure that it's accurate. Click the "Additional Info" tab.

• Click the "Vendor Eligible for 1099" box. Type the contractor's tax ID number into the "Tax ID" box.

• Click the "OK" button.

Print 1099 • Insert the blank 1099 form into the printer, then click "File" from the QuickBooks main menu bar.

• Select "Print Forms" from the menu, then select "1099s/1096" from the list.

• Select the contractor for whom you would like to get a 1099, then click "Print 1099." A preview of the 1099 automatically opens. to look at the detailed data on the shape, deselect the "Alignment" box and choose "PDF." • Click "Open PDF in Preview" to review the knowledge on the shape.

• Click "Print" to print the finished 1099 form.