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Mikeydbear
Level 1

1099

I am using QBO. I have Contractors that do not get a 1099 due to being a corporation or out of the country. How do I pay those as contractors (have intuit send them an email asking for payment details and such) like a US contractor? I do not check "Track 1099" box in profile because I don't want to issue that 1099. 

Solved
Best answer January 30, 2021

Best Answers
Charies_M
Moderator

1099

Hello there, Mikeydbear.

 

You'll want to exclude the contactor from the mapping when preparing your 1099s in QuickBooks Online (QBO).

 

Please follow these steps: 

  1. Go to Workers and choose Contractors.
  2. Click on Prepare 1099s.
  3. Click on Let's get started.
  4. Review the information in the Company section and click on Next.
  5. In the Account section, is where you will have to categorize accounts. On the categories page, select the checkbox next to all the 1099 boxes that fit the type of contractor payments you make. Review the payment totals for each box. If you don’t see all of the payments you expect, check that the list shows the right tax year and type of vendor (they should meet the 1099 threshold). Excluded payments are typically those paid by credit card, which is reported to the IRS by the credit card issuer. Once you're done, click on Next.
  6. In the Contractors section, review the contractors' information and click on Next
  7. Click on Finish preparing 1099s.
  8. Click on Go to 1099 E-File Service to e-file your 1099s.

 

To make sure everything is accurate, I recommend working with your accountant or any knowledgeable financial specialist for expert advice on how to handle this type of situation.

 

You can also find an accountant by clicking on this link: Find an accountant.

 

I'm adding this IRS article for further details about 1099-NEC: Instructions for Forms 1099-MISC and 1099-NEC. It contains the complete set of instructions and the latest information about the form.

 

Let me know if you have other concerns or questions about 1099s. I'll be around to help. Wishing you the best of luck!

View solution in original post

1 Comment 1
Charies_M
Moderator

1099

Hello there, Mikeydbear.

 

You'll want to exclude the contactor from the mapping when preparing your 1099s in QuickBooks Online (QBO).

 

Please follow these steps: 

  1. Go to Workers and choose Contractors.
  2. Click on Prepare 1099s.
  3. Click on Let's get started.
  4. Review the information in the Company section and click on Next.
  5. In the Account section, is where you will have to categorize accounts. On the categories page, select the checkbox next to all the 1099 boxes that fit the type of contractor payments you make. Review the payment totals for each box. If you don’t see all of the payments you expect, check that the list shows the right tax year and type of vendor (they should meet the 1099 threshold). Excluded payments are typically those paid by credit card, which is reported to the IRS by the credit card issuer. Once you're done, click on Next.
  6. In the Contractors section, review the contractors' information and click on Next
  7. Click on Finish preparing 1099s.
  8. Click on Go to 1099 E-File Service to e-file your 1099s.

 

To make sure everything is accurate, I recommend working with your accountant or any knowledgeable financial specialist for expert advice on how to handle this type of situation.

 

You can also find an accountant by clicking on this link: Find an accountant.

 

I'm adding this IRS article for further details about 1099-NEC: Instructions for Forms 1099-MISC and 1099-NEC. It contains the complete set of instructions and the latest information about the form.

 

Let me know if you have other concerns or questions about 1099s. I'll be around to help. Wishing you the best of luck!

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