The $15 monthly add-on is for the services you've used to prepare your 1099 filing, carrollconst. I'll be happy to explain this in detail.
When preparing your forms, the $15 monthly add-on is essential for managing and electronically filing your 1099s. It includes various services that will streamline your tax management process effectively, such as:
- Pay contractors - You can send unlimited payments to your contractors, and it will sync with QuickBooks Online (QBO) to keep your books up-to-date.
- Next-day direct deposit - You can pay your contractors with next-day direct deposit, and there are no additional fees if you make these payments outside your regular pay cycle.
- E-file unlimited 1099s - You can create and e-file unlimited 1099s for contractors and vendors and then e-file both 1099-NEC and 1099-MISC forms.
- Contractor self-setup - You can invite contractors to set up a free account and let them complete their W-9 forms or provide their bank deposit details online.
While the $15 monthly fee allows you to manage your filing, it doesn't include the cost of printing physical copies of your 1099s. Thus, if you want to print your 1099s and send them to your contractors, you'll need to pay an additional $4 for each contractor you send a copy.
Regarding the filing statuses, an Accepted status after filing your 1099 forms indicates that the agency has received and accepted them. You can inform your contractors that their forms have been successfully filed and accepted by the IRS.
Additionally, you may want to check the plans and subscriptions for QuickBooks Online Payroll to view the services included in your current plan.
Furthermore, you can review this material to finalize this year’s payroll and prepare for the upcoming: Year-end checklist for QuickBooks Online Payroll.
Please feel free to share your concerns with us regarding your filing statuses or the services included in your subscription, carrollconst. I'll be more than happy to help you again.
