Sunday, January 15, 2012

Need to correct 1099 form in QuickBooks?



This article lists the steps to print 1099-MISC forms that were missing or needed corrections at the time the original set of 1099s were created.

Note: Make sure all 1099s to print are already corrected or created.



Solution
   

Printing corrected 1099s:

   1.
      Start QuickBooks.
   2.
      Select the File menu, and select Print Forms > 1099s/1096s.
   3.
      Select the Print 1099s button, and select the date range to use for populating 1099 forms and click OK. Last Calendar Year is the default choice.
   4.
      Place a checkmark on each 1099 form to print for only the vendors who need corrected 1099s or were missed during the initial 1099 creation process.
   5.
      (Optional) Select Preview 1099 to view each form prior to printing.
   6.
      Load blank 1099 pre-printed forms in the printer you are using to print the forms, and click Print 1099. If the Preview window is open, click Print.
   7.
      On the newly printed forms, write an X in the Corrected box at the top of each form. Be sure to place an X in each of the copies.
   8.
      File the corrected forms with the federal and state governments.
   9.
      Send vendors copies of the corrected forms.

4 comments:

  1. I sent someone a 1099 for money they received this year, not last year. The correct amount is zero. How do I get Quickbooks to print a 1099 for $0.00?

    ReplyDelete
  2. You don't need to print a zero dollar 1099, you will just mark the Void box on the 1099 that you send to the Government

    ReplyDelete
  3. I sent the 1096 and 1099 forms to the IRS already. Employee was supposed to be marked for W2. Do I just reprint it as is and mark Void or do I need to write in $0?

    ReplyDelete
  4. See Section H on page 10 of the IRS document
    https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

    ReplyDelete