quickbooks and hassle free 1099 reporting!

THE 3 THINGS YOU MUST KNOW TO PRINT 1099’S IN QUICKBOOKS!or . . . how to make life easier at tax time!

EMPLOYEE ORINDEPENDENT CONTRACTOR?

IRS website: Behavioral

Control Financial Control Type of

Relationship

http://www.irs.gov/pub/irs-pdf/fw9.pdf?portlet=3

1099 CATEGORIES

1099-MISC only

QB does NOT handle other types like: 100-

INT or 1099-DIV

Box 1: Rents**

Box 2: Royalties

Box 3: Other Income

Box 4: Federal Tax Withheld

Box 5: Fishing Boat Proceeds

Box 6: Medical Payments

Box 7: Nonemployee Compensation*

Box 8: Substitute Payments

Box 9: Direct Sales

Box 10: Crop Insurance Proceeds

Box 13: Excess Golden Parachute

Box 14: Gross Proceeds to Attorney

1099-MISC AND 1096Setting Up 1099 Reporting

Linking Tax Categories to QB Accounts

http://www.irs.gov

DETERMINING YOUR 1099 VENDORS

DETERMINING YOUR 1099 PAYMENTS

DESIGNATING 1099 VENDORS

PREPARE FOR 1099 REPORTING

#1 RUN REPORT(S)#2 MAP ACCOUNTS

#3 RUN REPORT

Default settings:

#3 RUN REPORT

Version #1

#3 RUN REPORT

Version #2

#3 RUN REPORT

(FINAL) Version #3

PRINT 1099’S

LIVE QUICKBOOKS DEMO

Q? and A!

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