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05/24/2012 at 04:51PM PDT
Important Announcement! A planned system-wide upgrade will take place over the Memorial Day Weekend in the US (From Thurs, May 24, 2012 at 6 pm PDT thru Tues, May 29, 2012 at 5 am PDT). This includes QuickBooks, QuickBooks Payroll, Point of Sale, & Salesforce.com. This is only for US based products. This does not affect QuickBooks Online customers! During this time, you can shop, but can’t place orders online, activate products or update account info. We apologize for the inconvenience & thank you for patience while we improve our infrastructure to better serve you. International versions are unaffected. For more info, see our community discussion.
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01/29/12 1:33pm PST

1099 From Trust Fund For Service Sale

US QuickBooks Pro for Windows : 2011

Organized as a single member LLC, in 2011 for services rendered on one job I was paid with a check from my customer's trust fund. Is it usual to be asked for my company's tax ID so the trust can send a 1099?  Will this require special tax treatment for my LLC?  I recorded the revenue as sales/income.

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