At the end of the year, you can process Forms 1099-NEC, 1099-MISC, and 1096 for all 1099 vendors. All types of 1099s are supported, and you can print the Red Copy or Copies B, C, and 1.
From the Process 1099s/1096s screen, you can e-file Forms 1099-NEC, 1099-MISC, and 1096, or record them as filed, export information to an Excel spreadsheet for review and analysis, and archive e-filed or recorded forms to Cloud Cabinet.
To identify vendors for whom you must create 1099s or 1096s, you can run the Vendor Profile report in summary or detail mode to determine the vendors that require Forms 1099 or 1096. Then use the Process 1099s/1096s screen to process the necessary forms.
To process Forms 1099 and 1096, go to the Utilities>Process 1099s/1096s screen, specify the year of the forms to view, select either the 1099 or 1096 in the Form field, and click View.
Select:
NEC for Form 1099-NEC (Non-Employee Compensation)—used for reporting independent contractor income, or MISC for Form 1099-MISC—used for reporting rent paid, legal settlements, or other miscellaneous payments
Include Amounts Under $600 to review or process forms for vendors who were paid less than $600
From the action bar select:
Other Copy to print 1099 Copy B, 1099 Copy C, 1099 Copy 1.
1099
Red Copy A to print the Red Copy of the form
Important: If you are printing
the Red Copy, load your printer with the pre-printed Red Copy form
before printing.
The Excel icon to export the information on the screen to an Excel spreadsheet
Once you click View, you can select the following options from the action bar:
1096 Other Copy or 1096 Red Copy to print Form 1096.
Important: If you are printing the Red Copy, load your printer with the pre-printed Red Copy form before printing.
E-File to electronically file the selected forms
Record to record manually-filed forms
Unfile to reverse the
action of recording forms.
Note: Unfile
is only
available to reverse recorded forms. Unfile
is not available for e-filed forms.
The archive icon to archive a copy of the e-filed or recorded form to Cloud Cabinet
The export to Excel icon to export information on the screen to an Excel spreadsheet
Note: For both Forms 1099 and 1096, clicking the vendor name from the table moves you to vendor setup information.