How To Create A 1099-MISC Form
If you are an employer and you employed some workers to do some job for you, it is ideal that you generate a 1099-MISC form for each of them. 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. They are then filled with IRS before February 28th. And you choose to do it online, you are required to do so before 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 inexpensive and convenient to do so.
You can choose this one awesome option as well – the Intuit. The Intuit have made it possible for employers to access the 1099-MISC E-filing services and generate the 1099 forms all the time they remember to do so. In addition to that, they allow you print and file them to the IRS department automatically.
Majority of the businesses love to make use of the Intuit because it is not complex when it comes to processes. You may have to pay a little commission for the services. If you can seek these services early enough, you are more likely to pay less.
One of the greatest payback that you enjoy with the Intuit 1099-MISC E-file services is that it is pretty straightforward to use. Here is a step-by-step guide on how to generate 1099-MISC forms without much of a hassle.
First, you need to sign-up to their website, especially if you have never filed these 1099 forms in the past. Nonetheless, if you happened to have used the same services sometimes back, all you need to do is to make use of your previous logins and make use of the existing data.
And if you are new in this system, you should be able to locate their website and sign-up as instructed. Make sure you use a reliable email account and choose the “new customer option”, then click on the “Sign In” button. Make sure that you fill all the required details, including your first and last name, the company’s name and your cell phone number. 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 have the option of importing your QuickBooks or fill them one by one. Then you select either your EIN or SSN. More importantly, fill your name, 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. You then have to enter their address and the amount that they paid that year in question.
You need to scan the forms and check if there are errors that you can correct before you make your submission and print your final document.