Tips For Generating A 1099-MISC Document
All employers are required to generate their employees’ 1099 MISC form. And particularly if your contractors spent more than $600 in their annual expenditures. These forms are usually mailed out to contractors before the end of January 31st. This form will aid in filing your IRS before 28th February. And for those who might want to go the electronic way, their deadline is 31st March.
If you do not have time to create 1099- MISC forms, you may have to hire someone to do the job for you. But you should know you are going to pay handsomely for such services. Then again, you can easily order for the 1099 forms from the IRS offices near you, and you can fill them during your free time. It is cheap and convenient to do so.
You also have another great option – the Intuit. The Intuit offers a 1099-MISC E-file service that allows you create 1099 forms any time you want. On top of that, the Intuit allows you to print and file these forms to the IRS department with ease.
Most businesspersons choose this option as it is convenient and uncomplicated. You may have to pay a fee for the services, not much. It is ideal that you seek these services early enough as you would not want to save some money.
One of the essential advantages that you stand to gain from the Intuit 1099-MISC E-file services is that you will do it with ease. Here are simple steps on how you can create a 1099-MISC form without any complication.
First, you need to sign-up to their website, especially if you have never filed these 1099 forms in the past. If you have an account from your previous 1099-MISC E-filing, all you need to do is to log in and use your previous data.
If you are new in this, you may have to search for their websites and sign-up on their page. Ensure that you choose a reliable email address and select the “new customer option,” and then click on the “Sign In” button. You need to fill your account information correctly, including your password, both your first name and the last name, your company’s name as well as your contact details. Read through all the terms and conditions and make sure you understand them before you agree.
Then you have to enter your business data. You can choose to import your QuickBooks or fill them manually. Then you select either your EIN or SSN. The next thing is to fill your name and address as well as your 1099-MISC Information.
Fill in the details of details of each of your employee: their business, business name and EIN (for those with a business contractor, and SSN for those with individual contractors. Enter their address and the amount that they paid that year.
It is essential that you double -check to see if there are some errors that call for correction before you submit and print your 1099-MISC form.