I have a contractor I can not generate a 1099 filing for yet I've paid him $26,000 in 2021. Could you help?

Have you checked to make sure the payment was allocated correctly to the the proper account? You will see he was paid but is it as a contractor expense or some other account? That will usually cause the 1099 to have issues. Hope this helps. 

It's my pleasure to assist you today, mforse.

Let's review and make sure the contractor is set eligible for 1099. This way, you can file 1099 for him.

Here's how:

1. Go to Vendors
2. Select the vendor you want to track and open their profile.
3. Select Edit.
4. Select and check the Track payments for 1099 checkbox

Visit this article for additional information about setting up contractors for 1099's. Click the link for QuickBooks Online: Set up contractors and track them for 1099s in QuickBooks

For more details, you can check out this article on how to prepare and file your Federal 1099s with QuickBooks Online.

Additionally, I've included these articles that'll help you in preparing and filing your 1099s. This ensures you're able to file them on time:

• Understand Which Contractors Need 1099s
• Create and File 1099s using QuickBooks Online

I'm only a post away if you need more help in managing your 1099, elp5. It's always my pleasure to help you out again.

The penalty is $260 per return. However, if the IRS determines that you have intentionally disregarded this filing, the penalty increases to a staggering $530 per return. In some cases of intentional disregard, the IRS can also tack on additional penalties

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