I am running QuickBooks Accountant Desktop 2020. When I try to use the 1099 Wizard, it tells me to update QuickBooks. I have done that, but I still get the message that I have to update QuickBooks. I can't run the wizard. Any ideas on how to correct this problem?
Let me help you with updating your QuickBooks Desktop so you can run the 1099-NEC wizard, Rileythecat.
Downloading the latest tax table is a good start when it comes to fixing 1099-related issues in QuickBooks.
After that, let's update your QuickBooks Desktop to its latest release to synchronize the changes. Here's how:
If you're in a hosted environment, you will need to wait for the host to update their QuickBooks to its latest release. Once updated, you can start running your 1099-NEC wizard. You can read through this article to know more about the new 1099-NEC form as well as a link on how to file them: Understanding payment categories for the 1099-MISC and 1099-NEC.
If you have additional questions about 1099-NEC or need further assistance with QuickBooks, please let me know. I'll be here to keep helping. Have a great rest of your day!
Hi there, Sjsbb.
I'm happy to help you out today. The 1099-NEC Wizard is available for all supported versions of the QuickBooks product. You can follow the steps found in this helpful article to access the 1099 Wizard. If you aren't having any luck accessing the Wizard, I suggest contacting our QuickBooks Support Team. They have the tools to pull your account and investigate the cause of the issue.
For more information about 1099 forms in QBDT and when to file them, you can check out this article: Learn what 1099 forms there are and how you can prepare for the 2020 tax season. I've also included a link in which will guide you when filing your 1099 form in the IRS: Tax Year 2020 - Instructions for Forms 1099-MISC and 1099-NEC.
If there's anything else I can do to help, feel free to post here anytime. Thanks and I hope you have a lovely weekend.
Thanks for joining us here in the Community, @TBO Harry.
QuickBooks error 15242 will typically occur when Intuit FCS Service is disabled. These are possible reasons:
There are various solutions to resolve this issue. Before doing so, make sure to create a backup copy of your company file to prevent data loss.
After that, let's start with enabling the QuickBooks Desktop File Copy Service(FCS).
Once done, re-validate the payroll's service key to refresh the connection. I'll guide you how:
If the issue persists after trying these steps, I recommend repairing your QuickBooks and run the latest tax table updates afterward. Here are the links that you can visit on how to perform the process:
Stay in touch with us if you have other questions. I'm always here to help. Take care!