People who are involved in the independent trade, business, or profession in which they offer their services to the general public are generally independent contractors. If the user has paid at least one vendor or contractor more than $600 in a calendar year, the user would need to e-file 1099 MISC forms to the IRS and also give copies to the contractors so that they will be able to use it to file their own tax returns.
There are a few easy steps in which the user can complete the 1099-MISC filings through QuickBooks Online. The user can start by preparing the 1099s in QuickBooks and then choose to either to file the forms with the 1099 E-File Service or print and mail the forms to the IRS and the contractors.
Before the user starts to e-file 1099, they must know to check the date’s deadlines, verify the contractors’ information, and prepare 1099 in QuickBooks.
Whether the user decides to e-file, or to print and mail 1099s, they must always start by preparing their forms in QuickBooks.
The best way to do this would be to contact the QuickBooks support team and they will certainly help the user in e-filing the 1099s with the IRS. Along with that, they will also help the user in the following:
If payment is made to contractors by credit card, debit card, gift card or a third-party network such as PayPal, then the user must exclude those amounts from the 1099 form.
The IRS requires these amounts to be reported by payment settlement companies.
If the user needs to edit a contractor payment, perform the steps below:
If the user needs some more help in this, they can directly get in touch with the experts. The experts at QuickBooks customer support number 1-888-502-0363 are highly reliable and make way for the users to make it simpler for them to execute.