Tip: If you use QuickBooks Online, you can import your 1099 data. Print or email copies to your contractors. Save money and avoid hassle of purchasing forms, stamps and mailing. Click to securely e-file with the IRS. Save time by filing electronically – even on deadline day. ![]() To help small businesses this tax season, Intuit Inc. Has launched new features designed to take the pain out of preparing 1099s for both small business owners and independent contractors. Effective this month, all QuickBooks users can more securely collect necessary tax information and electronically deliver tax documents to the Internal Revenue Service (IRS) and contractors from within the QuickBooks product. Cassie Divine, Vice President, Small Business and Self-Employed Group at Intuit said, “By adding an easy and effortless way for small businesses to distribute 1099s to contractors through QuickBooks Online, we are solving problems facing both small businesses and the self-employed.” The new features are not only aimed at avoiding data errors and reducing the time spent tracking down contractor information by inviting contractors to enter their own tax information, but at streamlining the process whereby QuickBooks users can file and deliver their tax forms electronically. QuickBooks New 1099 Processing - Step-by-step: • The process begins by adding 'contractors' within QuickBooks. 2017_1099_10 This isn't a free service the e-file rates are: $14.99 for first 3 forms bundled, $3.99 for each form after that up to 20 forms, and $0 for forms +21. (Note, according to the actual QuickBooks product there is a 'self' print and mail option, but when using that option you need to order a 1099 Kit ahead of time. I priced out one such kit at it was $95.99 for 25 forms) Back to our processing of 1099s: • Click the green Let's get started button. How to open plugin files. • The Prepare 1099 wizard begins by having you confirm your own ' Company Information'.
0 Comments
Leave a Reply. |