Simple Troubleshooting Methods to Fix Set Up A 1099 Contractor

1. Simple Troubleshooting Methods to Fix Set Up A 1099 Contractor The IRS 1099 form is a document used to report payments made by individuals or businesses who are not your employee. The payer fills out the 1099 form and provides you and the IRS copies. Small and medium- sized businesses have to report the payments they made to the individuals or contractors via the 1099 form. QuickBooks users must be aware of how to Set Up a 1099 Contractor so that they can easily track and file these forms. In addition, you must fill out the 1099 form if you pay an employee $600 or more than that in the same year. Also, the recipient must ensure that they have filled out the W-9 Form before initiating the process of setting up contractors. Process to Set Up a 1099 Contractor The method to set up a 1099 contractor requires you to add the contractor as a vendor in your books and then activate the tracking payments for 1099. The steps to do it is different for QuickBooks Online, QuickBooks Desktop for Windows, and QuickBooks Desktop for Mac. let’s look at the sites you are required to follow:- Read More: QuickBooks Journal Entry

2. Step 1- Adding Contractors as Vendors    Go to the Contractors tab. Click on Add a Contractor. Now fille in the required details and tick mark Email this contractor box. (Contractors can fill out the information themselves if you mail them this form) Click on Add contractor after you are done.  Step 2- Track the payments you made to Contractors for 1099s   Go back to the Vendors menu. Select the contractor you just saved as a Vendor for whom you wish to track payments for 1099. Click on the Edit button. Now tickmark Track Payments for 1099 checkbox.   Related Post: QuickBooks Error Code 15106 How How To To Set Set Up Up a a 1099 1099 Contractor Contractor for for Intuit Intuit Full Full Service Service Payroll? Payroll? The process of setting up 1099 Contractor for Intuit Full Service Payroll is different. It does not track the payments you made. You will have to first set up your contractor as a vendor and then make it ready for direct deposits. You will have to note down all the payments made at the end of the year and then fill the form manually. Summing Summing It It Up!! Up!! So, here we come to the end of the blog on Set Up A 1099 Contractor in QuickBooks and hope you find it worth reading. Also, ensure that your employee has filled out the W-9 Form so that you can quickly set up a contractor. For any additional help, get in touch with our experts by dialing the toll-free number +1(855)-738-0359.