How to Create and file 1099s with QuickBooks Desktop?
QuickBooks Desktop software has brought a big respite in the sphere of filing payroll taxes as you can file your taxes without any hassle through this software. QuickBooks users can now conveniently create and file their 1099s, which are necessitated while paying in cash, direct deposits, or check. These comprise 1099-NEC and 1099-MISC. After filing, you can mail the copies to your contractors. The current discussion shall enlighten you with multiple avenues to create and file 1099s with QuickBooks.
Who needs to file 1099s?
The creation and filing of 1099s are very important for the following:
Filing 1099s is indispensable when you make payments to contractors in different forms like cash, direct deposit, and checks.
If you are an employer and have hired vendors or freelancers, then in that case, also the filing of 1099 is essential.
Also, under the withholding rules, if you have withheld the federal income tax, then filing 1099s is important.
