How To Create A 1099-MISC Form
All employers are required to generate their employees’ 1099 MISC form. Especially when your employees used over $600 annually. These Forms are normally mailed out to workers by 31st January each year. These forms are then filed with IRS before date 28th February. And you choose to do it online, you are required to do so before 31st March.
If you have limited time to generate these 1099- MISC forms, you have the option of hiring someone to do the job for you. But you need to be ready to part with some commission. 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 affordable 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. In addition to that, they allow you print and file them to the IRS department automatically.
Most companies go for this option as it is less complicated and easy for many. 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 great advantage that you enjoy with the Intuit 1099-MISC E-filing system is that it is easy to use. Here is a step-by-step guide on how to generate 1099-MISC forms without much of a hassle.
To start with; you need to be able to sign-up for their services, that’s if you haven’t used these services before. 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. Fill your account information accurately – your password, first name, last name, your business name as well as your contact details. You also need to peruse through all the terms and conditions before you are ready to agree to them.
Then you have to enter your business data. You have the option of importing your QuickBooks or fill them one by one. Then you select either your EIN or SSN. Fill your name and address and enter your 1099-MISC Information.
Now, you are ready to fill in the particulars of your contractor, including their business, business name, and EIN – business contractor, and SSN the individual contractors. You can then enter their address as well as the amount that they paid that year.
Cross-check and see if the information is correct before you submit and print your document.