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Intuit

Vendor missing from 1099 Summary Report or 1099 Efile Service

 

Show Vendors that aren't 1099 Vendors

  1. Go to Reports, then select Vendors and Payables.
  2. Select 1099 Summary.
  3. In the 1099 options drop-down menu, select All vendors.
  4. If you see the missing Vendor, make them a 1099 Vendor.
    • Go to Vendors menu, select Vendor Center.
    • On the Vendor Center window, double-click the vendor name.
    • Select the Tax Settings tab.
    • Select Vendor eligible for 1099 box, to place a check mark.
    • In the Vendor Tax ID field, enter the vendor’s tax ID.
    • Select OK.
  5. Once completed, repeat step 1 and 2. Then in the 1099 options drop-down menu, select 1099 Vendors.

Show Accounts that aren't 1099 Accounts

  1. Go to Reports, then select Vendors and Payables.
  2. Select 1099 Summary.
  3. In the 1099 options drop-down menu, select All allowed accounts.
  4. If you find the missing vendor, find the Account and make it a 1099 Account.
    • Double-click the amount in the Total column for your Vendor.
    • In the 1099 Detail report make note of the Accounts in the Account column.
  5. To show these transactions on 1099 reports and forms
    • Go to Edit , select Preferences
    • In the Preferences window, select Tax:1099 from the left pane, then select Company Preferences tab.
    • Select the link click here next to If you want to map your accounts to boxes on form 1099-MISC.
    • QuickBooks 1099 wizard page will come up. You will be directed to Map Accounts. This window displays all accounts used for payments to 1099 vendors. From the Apply payments to this 1099 box drop-down, choose one of the 1099-MISC boxes. Note that contractor payments goes to Box 7.
  6. Once done, close the 1099 Detail report.
  7. Select the second 1099 Options drop-down, then select Only 1099 accounts.

Find thresholds to set

  1. Go to Reports, then select Vendors and Payables.
  2. Select 1099 Summary.
  3. In the 1099 Options drop-down menu, select Ignore thresholds.
  4. If you see the Vendor, they have not met the threshold.
  5. If this is a 1099 Vendor using 1099 Accounts, you need to enter more transactions or change the thresholds.
    • Go to Edit, select Preferences.
    • On the Preferences window, select Tax:1099 from the left pane, then select Company Preferences tab.
    • Select the link click here next to If you want to map your accounts to boxes on form 1099-MISC.
    • QuickBooks 1099 wizard page will come up. In the Map Accounts step, select Show IRS 1099-MISC filing thresholds link.
    • In the 1099-MISC IRS Thresholds window, double-click the Thresholds column for the appropriate 1099 Box.
    • NOTE: The screen will display; Your settings do not match the current IRS thresholds message in red. Select Reset to IRS Thresholds if you want to follow the IRS-mandated threshold and add more transactions instead.
    • Select Save & Close.

Find transactions and make sure they use 1099 Accounts

If you know there are transactions that aren't included, find them and make sure they use 1099 Accounts.

  1. Go to Vendors, select Vendor Center.
  2. Select the Vendor. Their transactions will display to the right.
  3. Change the filters if necessary.
  4. Double-click the transaction you are expecting to see on a 1099.
  5. Make sure the account is a 1099 account.

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