The 1099 Wizard In Qbo

Published 1/2024
MP4 | Video: h264, 1920×1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.10 GB | Duration: 1h 7m

Do you know how easy it is to use QuickBooks Online’s 1099 Wizard to send 1099s to your Contractors The hard part is u

What you’ll learn
Which Vendors qualify to receive a 1099
How to use the Workers Center in QBO
How to gather W9 info from Contractors
How to use the 1099 Wizard in QBO
How to choose what account categories contain 1099 expenses
How to send 1099s to the Subcontractors
How to submit the forms to the IRS

Requirements
None

Description
What Youll LearnWhich Vendors qualify to receive a 1099How to use the Workers Center in QBOHow to gather W9 info from ContractorsHow to use the 1099 Wizard in QBOHow to choose what account categories contain 1099 expensesHow to send 1099s to the SubcontractorsHow to submit the forms to the IRSAfter completing this course, you will be able to:Identify which of your vendors should receive a 1099Recognize the benefits QBOs Contractors Center to manage 1099 vendorsRecall the steps to use QBOs 1099 wizard to file 1099s with the IRS and send copies to the contractorsDescribe when QBOs built-in tool may not be right fit for your needsCourse DescriptionDo you know how easy it is to use QuickBooks Online’s 1099 Wizard to send 1099s to your Contractors The hard part is understanding the process!1099s are due by January 31. As you wrap up your business books for the end of the calendar year, it’s time to prepare to file your 1099 forms.Who actually gets a 1099 Contractors who provide services to your company…but only if theyre LLCs or Sole Proprietors, get paid more than $600/yr, and you pay them from your bank account. Its pretty confusing, but QBO helps you get it right!QBO Rock Star Alicia Katz Pollock teaches you how to confidently use the 1099 Wizard to prepare, review, and file all the required copies of your federal 1099-MISC and 1099-NEC forms.She will walk you through each step: automatically gather their W9 info, specify 1099 categories, and use QBO to filter who qualifies. When youre done you will send their 1099s by email, snail mail printed copies, and submit to the IRS with just a few clicks!Take this course now and learn how easy it is to efficiently and accurately get your 1099-MISC and 1099-NEC tax forms filed with the IRS.

Overview
Section 1: Working with 1099’s in QBO

Lecture 1 Intro

Lecture 2 What are 1099’s

Lecture 3 Who Gets a 1099

Lecture 4 Managing Contractors

Lecture 5 Sending 1099’s

Lecture 6 State Filings, Other Options, Considerations, Conclusions

Business owners who need to send 1099s,Bookkeepers and Accountants who submit tax forms on behalf of their clients

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