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. 1099-MISC forms are usually mailed out to contractors before the end of January 31st. These forms are then filed with IRS before date 28th February. And for those who might want to go the electronic way, their deadline is 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 should know you are going to pay handsomely for such services. On the other hand, you may opt to order for blank 1099 forms from the IRS department near you, then you fill them on your own. It is cheap and convenient to do so.
You also have another amazing option, 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. It is recommended that you seek these services early enough, as you are likely to pay less.
One great advantage that you enjoy with the Intuit 1099-MISC E-filing system is that it is easy to use. Here are simple steps on how you can create a 1099-MISC form without any complication.
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 doing this for your first time, all you should do is to search for their homepage and sign-up. Make sure you use a reliable email account and choose the “new customer option”, 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. Read through all the terms and conditions and make sure you understand them before you agree.
The next thing is to enter your business information. You have the option of importing your QuickBooks or fill them one by one. Choose either EIN or SSN, depending on your needs. The next thing is to fill your name and address as well as your 1099-MISC Information.
Then you have to fill in the information of your employee, such as their business, business name and EIN – business contractor, and SSN – individual contractors. You can then enter their address as well as the amount that they paid that year.
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.