What is the latest status of Quickbooks being able to print the new 1099 NEC ? I just upgraded my QBDT to 2020 this year and certainly expect to be able to print my forms in accordance to QB promise to have current tax forms
Thank you for upgrading to QuickBooks 2020, ljkentucky.
Our development team is working on the printing and e-filing processes for QuickBooks 2020 and later versions. It will be released with the payroll tax table update by mid-December 2020. As always, you'll be prompted when a new tax table is available for download.
So the 1099 NEC update will be handled through the Payroll Tax update ?? I know for me that could work for some of my clients but what about my clients who don’t do payroll in Quickbooks ? How will they get the 1099 NEC updated file?
I can see how confusing it would be to determine where your clients get the 1099 NEC updated file when some of them don't use payroll through their QuickBooks. However, I'll be glad to offer my assistance with the 1099 NEC to ease you and your client's mind.
If your clients are using a third party payroll provider, it would be best to run it by the support them for that particular product. Furthermore, if they're filing through the IRS, here are two guides that can give you some more insight into where you need to file the 1099 NEC:
Now your clients should have peace of mind about where to file their 1099 NEC. Let me know if you have any other questions or concerns. I'm only a comment away. Wishing you and your business continued success!