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How to resolve QuickBooks 1099 Wizard

QuickBooks 1099 Wizard can guide in getting information for the 1099 form. Printing and e-filing 1099-MISC and 1096 forms becomes available after using the wizard. These forms are crucial in reporting employeeu2019s benefits. Hence, the tool is essential and knowing the pre-requisites and proper set-up of this tool can boost your accounting activities. To learn more, contact the QuickBooks Professional Team at 855-948-3646.

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How to resolve QuickBooks 1099 Wizard

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  1. Welcome To Payroll Customer Services Call Us at - 855-948-3646

  2. QuickBooks 1099 Wizard [A Technical Guide] QuickBooks 1099 Wizard can guide you into generating 1099 information. The 1099-MISC form reports the non-salary income of an individual. Copies of the form are submitted to contractors, and tax forms are provided to employees. After generating information for 1099, preparing 1099-MISC and 1096 forms for printing or e-filing can be carried out. 1099 contains a set of forms. Hence, the 1099 wizard is an essential tool in QuickBooks. This blog will cover the ways or steps in which this tool can be set up. You will also see some pre-requisites for the tool. To learn more about QuickBooks tools, get in touch with the QuickBooks Professional Team at 855-948-3646.

  3. Points For 1099 E-File QuickBooks Desktop Before Running The Wizard • There are some points you must keep in mind before using the wizard. It’s essential to be aware of these facts before you use the tool. Doing so can provide you with the full benefits of this tool. Some of the points are given below: • Electronic, credit and debit card payments are not recorded or a part of 1099-MISC form reporting. These payments are recorded in 1099-K form, and electronic companies like Paypal can do this. • Payments like cash, checks and bills are part of the 1099-MISC form. • Any printed copy of the1099-MISC form is to be provided to your vendors. • Changing the vendor 1099 status in the 1099 wizard is also visible in the company file. • So now that you know these points, the next section will focus on setting up the 1099 form.

  4. How Do I Use QuickBooks 1099 Wizard? • You need to take specific steps to use the wizard and file the 1099 form. Following all the measures in steps will help. If you have doubts about a particular action, you can certainly move to that same step. Practice the activities given below: • First, click on Vendors. • Choose Print/ E-File 1099s and then 1099 Wizard. • Click on Get Started. • Then to choose the vendors for QuickBooks 1099 e-file, click on Vendor List. • After choosing the vendors who require the 1099-MISC form, click on Continue. • Information appears that will be used on the 1099 forms. You can edit the values by double-clicking on the cell within the table. Click on Continue. • It’s vital to map to boxes. Only then the amounts will be included for reporting. For this, choose Apply Payments to the 1099 box. If a red error message appears on the screen, you can click on the hyperlink Show IRS 1099-MISC filing thresholds. Now, as a final step, you can click on Rest To IRS Threshold. • You must exclude any electronic payments. Also, make sure to note the payment method in the Check-Field. If you want to review the report of included and excluded amounts, click on View Included Payments. Next, click on View Excluded Payments. Now, click on Continue.

  5. Review the vendors and amounts that are reported. This information will be printed or used for e-filing. Click on the Continue option. • You can electronically file with the IRS. You can also print form copies on plain paper. • Conclusion • This blog uncovers the steps and pre-requisites for QuickBooks 1099 Wizard. Follow all the measures given in the blog carefully. Not doing so can result in errors and technical glitches. Also, make sure to read all the pre-requisites that are given. Being aware of the type of 1099 forms can also help. • To learn more about QuickBooks tools and procedures, you can contact the QuickBooks Professional Team at 855-948-3646.

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