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 especially when the contractors that spent over $600 or more of their annual expenditures. These forms are usually mailed out to contractors before the end of January 31st. This form will aid in filing your IRS before 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. Visit Generate a form 1099-MISC to learn more. But you must be ready to meet the expenses. Alternatively, you may choose to order for blank forms from IRS and fill them on your own. It is inexpensive and convenient to do so.
You also have another great option – the Intuit. The Intuit offers a 1099-MISC E-file service that allows you create 1099 forms any time you want. In addition to that, they allow you print and file them to the IRS department automatically.
Most businesspersons choose this option as it is convenient and uncomplicated. You may have to pay a fee for the services, not much. It is ideal that you seek these services early enough as you would not want to save some money.
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 are simple steps on how you can create a 1099-MISC form without any complication.
First, you need to sign-up to their website, especially if you have never filed these 1099 forms in the past. Nonetheless, if you happened to have used the same services sometimes back, all you need to do is to make use of your previous logins and make use of the existing data.
If you are doing this for your first time, all you should do is to search for their homepage and sign-up. You need to use your frequent email address and choose the “new customer option,” then click on the “Sign In” button. You need to fill your account information correctly, including your password, both your first name and the last name, your company’s name as well as your contact details. Click form 1099-MISC to read more. 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 can choose to import your QuickBooks or fill them manually. You also have to choose either your EIN or SSN. Fill your name and address and enter 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 can then enter their address as well as the amount that they paid that year.
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. Learn more from https://www.youtube.com/watch?v=j7pT_WQpwYk.