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How To Prepare And File 1099-MISC Forms?

First of all, you need to open the QuickBooks 1099 wizard window. After that, follow these steps:

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How To Prepare And File 1099-MISC Forms?

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  1. How To Prepare And File 1099-MISC Forms?

  2. Select Your Vendors • Go through the steps listed below: • Firstly, open the 1099 Wizard window. • You will get the list of vendors. • Then, select the Vendor that needs 1099-MISC forms. • Tap the Continue tab to save changes.

  3. Verify The Vendor’s Information • After verifying the Vendors from the list, Follow the steps given here: • Firstly, verify the Vendor’s information. • Double-tap on the cells to edit the information. • Then, enter the value details. • Click on the Save button to update the changes. • Finally, tap Continue to proceed further.

  4. Map The Payment Account Here is how to do so: • Firstly, tap the Apply Payments option • Choose the 1099 option from the dropdown list. • Then, tick the Report All Payments checkbox from box 7. • A red-colored message will appear on your screen. • After that, click on the Hyperlink to file thresholds. • Tap Reset to IRS Thresholds to match the thresholds.

  5. Review Your Payments Here is how to review the payment details- • Firstly, click on the View Included Payments tab. • Tap the Check Number field to exclude the payments. • Finally, tap the View ExcludeThen, ensure that these payments are Excluded. • d Payments tab to finish the process.

  6. Confirm Your 1099 Entries After reviewing the payments, you need to follow these instructions: • First of all, you will get a table on your QuickBooks 1099 Wizard window. • On this screen, you will get the Vendors details. • Then, review the summary of vendors. • Ensure that the amounts are accurate for the given calendar year. • After that, review your Transaction details.

  7. Select A Filing Method Follow these steps to choose your filing method: • Here you will get two methods; E-file and Print. • Click Print to get print out the 1099-MISC form. • After that, mail the form details to the IRS. • Tap E-file to file the form electronically.

  8. Contact Us Email: info@mwjconsultancy.com Street: 78 Farmers Ave, Lindenhurst, NY 11757 Phone: +1 877 469 0298 Website: www.mwjconsultancy.com

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