Does Bill.com send out 1099-K's?

Let me ease your confusion, @NFESH_Tom.

Allow me to fill you in on everything about how 1099-K reported for contractors paid electronically.

Payments made for the contractors using Bill Pay Online isn't subject to reporting on Form 1099-NEC. That said, the payment companies, like Bill.com, will handle any required reporting for your contractor. Those electronic payment providers are required to send out a different version of 1099, called the 1099-K.

In addition, one of the possible reasons why your contractors don't receive the 1099-K form from Bill.com is that if you haven't processed at least 200 card transactions and $20,000 in gross sales during the previous calendar year. For more details, feel free to read these articles:

• Tax Compliance for Credit Card Accounts.
• Intuit 1099-K Form.

Please let me know if you need further clarification about this, or if there's anything else I can do for you. I'll be standing by for your response. Have a great day.

Thank you for the quick response. That explains why the contractors did not get a 1099-K from Bill.com. Our organization did not meet the threshold for number or dollar amount of transactions. However, our contractors are expecting 1099's to prepare their tax returns (at least those that received more than $600 from us). Is there a work around that you know of to get them the documentation they need for their tax returns?

Hello, NFESH_Tom. 

Going back to your original post, there are a couple of reasons why those payments (for contractors that received more than $600) are excluded from the 1099 setup screen in QuickBooks Online. 

I'll go over a couple of factors and help you file your 1099 forms. 

You'll want to check your Bill.com data and see if those vendors are tracked for 1099. They will be excluded from the 1099 setup screen if they're not set for 1099 tracking. 

Next, you'll also want to check the expense account mapping and ensure they're mapped to the correct boxes. Here's how: 

1. In QuickBooks Online, go back to the Prepare 1099s screen. 
2. Click the Continue your 1099s button.
3. Go back to Step 2 by clicking the Back button.
4. Review your 1099 account mapping. 

After correcting the mapping, file your 1099 forms as you normally would for your contractors' tax documentation. 

Do you need to work on other areas in QuickBooks Online? Or need to take care of other tax forms? You can get other help content from our general topics page. Just select a specific topic, then look for an article. 

I'll stand by if you have other questions while working on your QuickBooks Only company. 

I double-checked that, and it was all done correctly. As I mentioned in the original post, the vendors received 1099's for the amounts that were paid by check. I still need a workaround for the payments made by Bill.com that did not generate 1099-K's.

 Thanks for the clarification, @NFESH_Tom.

I appreciate you for reviewing the mappings of your vendor 1099’s account. Let me direct you to our best support available so this gets addressed right away.

I recommend contacting our Support team. They have the tools to look into your account and investigate why the payments made from Bill.com did not generate 1099-k’s. Here’s how to reach out to them.

1. Go to the (?) Help menu.
2. Select the Search tab.
3. Click the Contact Us.
4. Enter a brief discussion of your concern and proceed with Let’s talk.
5. Select either Chat with us (if you preferred messaging) or Give us a call.

You can also see check article for more details and ensure to review their Support hours so you'll know when agents are available: QuickBooks Online Support.

Once everything is all in place, you can now confidently file your 1099’s in QuickBooks Online (QBO): Create and file 1099s using QuickBooks Online.

Let me know if you need further assistance managing your 1099’s, I'll be around to back you up. Have a great weekend ahead!

I just contacted bill.com and they say that they do not file 1099k and is not considered a third party. Why am I not able to file 1099nec on quickbooks online. I contacted support and was told that it is because I use bill.com to make payments. This makes no sense.

Has anyone been able to solve this yet?  I am having the same issue but does not look like it is resolved.  If using Bill.com through the QB pay online integration will Bill.com issue the 1099's?  None of our contractors have received their 1099's.  Thank you.  I keep getting canned responses from the help desk that can't address why?

I got the same back-and-forth last year. Long story short: Bill.com will not provide your contractors a 1099. You should do them through the 1099 feature available in QuickBooks.

Bill.com is promoting a 1099 filing tool. That seems to suggest they don't file 1099's. It's very confusing - why can't they just say that flat out...

You don't need to send 1099's to your vendors that are paid electronically.

Bill.com uses Vendor Direct to process their electronic payments. If the Vendor meets the threshold, Vendor Direct will send the 1099K Form to them.

You DO need to send 1099 Forms to the vendors that are paid via paper check.