How To Create A 1099-MISC Form
All employers are required to generate their employees’ 1099 MISC form. Especially when your employees used over $600 annually. These Forms are normally mailed out to workers by 31st January each year. This form will aid in filing your IRS before 28th February. If you are privileged to do your filing via the internet, you may have to do so before the 31st March.
You always have the option of hiring an expert to create the 1099-MISC forms when you feel that you do not have enough time to do so yourself. But you need to be ready to part with some commission. Alternatively, you may choose to order for blank forms from IRS and fill them on your own. It is cheap and convenient to do so.
You also have another great 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. On top of that, the Intuit allows you to print and file these forms to the IRS department with ease.
Majority of the businesses love to make use of the Intuit because it is not complex when it comes to processes. You may need to have some money to pay for the services. It is recommended that you seek these services early enough, as you are likely to pay less.
One of the greatest payback that you enjoy with the Intuit 1099-MISC E-file services is that it is pretty straightforward to use. Here is a step-by-step guide on how to generate 1099-MISC forms without much of a hassle.
First, you need to sign-up to their website, especially if you have never filed these 1099 forms in the past. 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.
And if you are new in this system, you should be able to locate their website and sign-up as instructed. Ensure that you choose a reliable email address and select the “new customer option,” and 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. Ensure you read through all the terms and conditions before you agree.
Then you have to enter your business data. You can choose to import your QuickBooks or fill them manually. Then you select either your EIN or SSN. More importantly, fill your name, address as well as your 1099-MISC Information.
Fill in the details of details of each of your employee: their business, business name and EIN (for those with a business contractor, and SSN for those with individual contractors. You then have to enter their address and the amount that they paid that year in question.
It is essential that you double -check to see if there are some errors that call for correction before you submit and print your 1099-MISC form.