prior year 1099 filing

I client wants to file 1099 for 2017 to do his income tax return with schedule c,  how can i do that and what late fees he will have?

Answer

Hello there, maria,

I'm here to help you get a 1099 copy for your contractor so he can file his tax return for 2017.

Once the 2017 transactions already entered in the system, then you're now ready to follow these steps to prepare the 1099:

  1. Go to the Workers menu, then choose Contractor.
  2. Select Prepare 1099s.
  3. Click Let's get started.
  4. Check your company details, then click Next to proceed.
  5. Map the right 1099 information by marking the box for the type of payments available. 
  6. Select the expense accounts use for the payments, then select Next.
  7. Review 1099 information.
  8. Once you reach the Check that the payments add up window, you need to make sure to filter year 2017. (Please refer to the screenshot below)
  9. Confirm and review 1099 contractor and vendor payments.
  10. Select manually submit so you can print the 1099 copy.

You're going to provide the 1099 copy to the contractor and let him use it as a reference in filing his Schedule C.

With regards to the late fees, I'd recommend contacting the IRS so you'll be guided accordingly.

For the detailed steps and visual reference in creating a 1099 copy, you can refer to this article: Prepare and File 1099s using QuickBooks Online

Should you have other payroll concerns, let me know by leaving a comment below. I'm just around if you need help.

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IntuitRea , Community Support Specialist
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