Set up the following information before you enter data for 1099 statements.
Note
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We recommend that you review IRS rule changes for the applicable tax year before you set up and process 1099 statements. |
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Configure the program for the United States.
Click > > > . Expand the country-specific features field and, if necessary, select .
A message might be displayed, indicating that you should synchronize your data to use the county-specific feature. Click Yes.
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In the form, set up a number sequence to assign a unique number to each 1099 statement.
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On the tab in the form, select to indicate which fields have insufficient information when you enter 1099 data.
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On the tab in the form, select the field to activate the 1099 data for the vendor and to activate a default .
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In the form, click > to set up the states where you make payments to vendors.
Set up the following information before you print 1099 statements or file them electronically or magnetically with the IRS.
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In the form, verify the minimum amounts that are required for 1099 reporting for the current tax year.
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In the form, enter information in the 1099 fields for each vendor that will receive a 1099 statement. Click > , and enter all state 1099 information.
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To file 1099 statements electronically or magnetically, enter the required information in the and forms.
