How to Set Up Contractors and Track Them for 1099s In QuickBooks

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How to Generate 1099 Forms from QuickBooks

• If you employ independent contractors for your
  business, you want to complete an IRS 1099 form
  for every one that states the quantity of cash
  you purchased services rendered during the tax
  year. QuickBooks can track money paid to an
  independent contractor and automatically populate
  a printable 1099 form together with his relevant
  financial data. Click for more info- Set Up
  Contractors and Track Them for 1099s In
  QuickBooks.

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Enable 1099 Option

• Launch QuickBooks, then click "Edit" from the
  menu bar.
• Select "Preferences" from the menu, then select
  "Tax1099" on the left side of the window.
• Click the "Company Preferences" tab, then select
  "Yes" within the "Do You file 1099 MISC Forms"
  section. Click "OK."

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Set Up Vendor

• Click "Vendors" from the menu bar.
• Select "Vendor Centre" from the menu. Right-click
  on the independent contractor for whom you would
  like to make a 1099 form. Click "Edit."
• Click the "Address Info" tab and review the
  contractor's information to form sure that it's
  accurate. Click the "Additional Info" tab.
• Click the "Vendor Eligible for 1099" box. Type
  the contractor's tax ID number into the "Tax ID"
  box.
• Click the "OK" button.

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Print 1099

• Insert the blank 1099 form into the printer, then
  click "File" from the QuickBooks main menu bar.
• Select "Print Forms" from the menu, then select
  "1099s/1096" from the list.
• Select the contractor for whom you would like to
  get a 1099, then click "Print 1099." A preview of
  the 1099 automatically opens. to look at the
  detailed data on the shape, deselect the
  "Alignment" box and choose "PDF."
• Click "Open PDF in Preview" to review the
  knowledge on the shape.
• Click "Print" to print the finished 1099 form.