888-846-6939-5 QuickBooks Steps for Preparing 1099 Forms
Planning to start a business might be easy, but hardly anyone comes to understand how many ways they have to fill the tax form so as to meet the corporate obligations. Once you start your own business, you will have to maintain your income and expenditure along with other obligatory outlays so as to close the books at the end of the financial year successfully.
As all the businesses are adopting automated mechanisms to process their accounting tasks with the utmost accuracy, it is now easy and convenient to end the books with actual details without any technical fault.
Preparing 1099 forms in QuickBooks 2016 is simply easy and convenient as you have to go through some steps to complete the process. Don’t get dismayed if you are unable to take the procedures further. In case of any technical hurdles, you need to access a reliable QuickBooks technical support service provider who can offer you the best support at affordable cost. For Quickbooks support visit here and get copious help on 1099 forms while preparing for taxes.
A 1099 form is a sort of tax form which you have to give to a certain vendors so as to provide a report that how much you have paid them for the duration of the past year. The concerned vendor looks for such document because he/she has to send the same to the tax authority to file for the income tax return with the IRS.
Here are five simple steps to prepare 1099 forms in your QuickBooks:
Check some important aspects in your QuickBooks 2016 –
Check if the QuickBooks you are using is updated to the latest edition.
Make sure the vendor asking for 1099 form is added into the QuickBooks.
You need to verify if the claimed amount matches your data record (sometimes, the claims may not match with the actual figure due to over-stated claims).
Get W-9 forms from 1099 vendors –
This is the most important thing that we all overlook every so often. Before you prepare 1099 form in your QuickBooks 2016, you should ask your vendor to give his email address and tax ID. In addition, you should direct your vendors to complete a W-9 form.
Prepare the 1099 Forms –
QuickBooks 2016 completes the procedures automatically, but you will have to select a right option. Furthermore, you should fill the field with a right amount in the expense account when you make payment to the vendors. If you need QuickBooks support number dial here to prepare taxes using IRS 1099 tax forms with an increased accuracy.
E-file 1099 forms –
As QuickBooks promises for the utmost convenience in accounting, it offers you a 1099 form e-file service through which you can submit the form directly to the IRS. And save the details in a PDF form and send it to the concerned vendor.