Easy Process to Print Form 1099 and 1096 in QuickBooks Desktop

Calculating and filing the accurate tax is daunting; however, QuickBooks simplifies this complex process. With QuickBooks, you can easily perform various business financial activities such as payroll generation, tax calculation, tracking transactions, and more. Also keeping a record of your taxes is also very important. The leading software facilitates you to Print Form 1099 and 1096 in QuickBooks Desktop. It is the important tax form that holds the records of income made and payments made to non-employees. Though printing tax forms in QuickBooks Desktop is a straightforward process, it might appear to be a confusing one for beginners. So, if you are the one who is searching for how to print forms 1099 and 1096 in QuickBooks, then read this blog till the end.

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Important Points to Remember

To file the accurate 1099 and 1096 forms, you must meet the necessary reporting requirements. Make sure you fulfill the below-mentioned points.

1. Make sure that the vendor information, such as name, address, TIN (Tax identification number), and SSN (social security number), is up to date and correct.

2. All the payments, such as income, interest, dividends, etc., done to the vendors are correctly recorded in QuickBooks.

3. Segregate the vendors who are eligible for Form 1099 based on the type and the amount of payment made.

4. Also, keep the deadlines in mind, so complete the process within the deadline.

5. Do not forget to print the accompanying summary form 1096 after printing the form 1099.

6. Review the information and alignment of the form before printing the form.

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How do you print the 1099 and 1096 filings in QuickBooks?

Printing tax forms in QuickBooks Desktop is a consolidated process and must be done quickly. You can print forms 1096 and 1099 in both QuickBooks desktop and online. The process for both editions is explained below.

Process to Print Form 1099 and 1096 in QuickBooks

Forms 1099 and 1096 can only be printed in single-user mode, and you must before pre-printed the forms 1099 and 1096. Follow the below-mentioned steps to print forms 1099 and 1096 in QuickBooks if you have submitted the form manually. 

Step 1: Update Vendor Information

Open QuickBooks Desktop and sign in to your company file with the help of admin credentials. Ahead, review the vendor details, such as name, address, and payment details, and make sure they are up-to-date and accurate.

Step 2: Set Up 1099 vendors

Ahead, go to the vendors and select vendor center to identify the vendors who are eligible for form 1099 and update the information as needed. Further, you need to assign appropriate categories to each vendor.

Step 3: Verify Transactions and payments

Moving forward, you need to review the payments and transactions made to the vendor throughout the year. Make sure that the payments and transactions are up-to-date and correct. 

Step 4: Print Form 1099/1096

Lastly, access the 1099 wizard by going to vendors > print form 1099 in QuickBooks. Go through the information and follow the on-screen steps to complete the printing process. After printing the form, you can mail the form 1099/1096 to the vendors and to the IRS before the assigned deadline. 

Closure

Form 1099 and 1096 are important tax forms that are crucial for filing accurate taxes. QuickBooks provides an easy and straightforward process to print forms 1099 and 1096 in QuickBooks Desktop. Apart from printing the forms, you can track the vendor payments and set up vendor reporting. Hopefully, this blog will help you print forms 1099 and 1096 in QuickBooks. In case you need further advice, you can call us at +1-833-460-2030 round the clock.

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