QuickBooks Online’s 1099 Wizard
2:00 – 3:00 PM ET
1 hrs CPE/CPD in Information Technology
Program Level: Intermediate
Do 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 they’re LLCs or Sole Proprietors, get paid more than $600/yr, and you pay them from your bank account. It’s 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 you’re 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.
After completing this course, you’ll be able to
- Identify which of your vendors should receive a 1099
- Recognize the benefits QBO’s Contractors Center to manage 1099 vendors
- Recall the steps to use QBO’s 1099 wizard to file 1099s with the IRS and send copies to contractors
- Describe when QBO’s built-in too may not be the right it for your needs
- The difference between 1099-MISC and 1099-NEC forms
- Which Vendors qualify to receive a 1099
- How to use the Contractors 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
Learning Objectives
- Identify which of your vendors should receive a 1099
- Recognize the benefits QBO’s Contractors Center to manage 1099 vendors
- Recall the steps to use QBO’s 1099 wizard to file 1099s with the IRS and send copies to contractors
- Describe when QBO’s built-in too may not be the right it for your needs
Prerequisites
- Familiarity with the role of subcontractors in a business environment
Who should take this class?
- Business owners who need to send 1099s
- Bookkeepers and Accountants who submit tax forms on behalf of their clients
Speaker Bio
Alicia Katz Pollock
“QBO Rock Star”
Learn.Royalwise.com
| Alicia Katz Pollock is the “QBO Rock Star” at Learn.Royalwise.com. Alicia’s Royalwise OWLS (On-Demand Web-based Learning Solutions) provides QuickBooks Online training and coaching to accounting firms, bookkeepers and small business owners. As a Top 50 Women in Accounting, Top 10 ProAdvisor, and a member of the Intuit Trainer/Writer Network, Alicia is a top-rated speaker at QuickBooks Connect, Scaling New Heights, and Intuit’s Certification Road Show. She has a Masters of Arts in Teaching, with five QuickBooks textbooks on Amazon. She expertly blends deep subject matter expertise and patient guidance to provide an easy and fun online learning environment. |  |