How to avoid new W-2 and 1099 Tax Form Fees in QuickBooks Online Payroll

November 13, 2024

Michael Wallace

Payroll, QuickBooks Online, QuickBooks Time, QuickBooks Online Payroll

How to avoid new W-2 and 1099 Tax Form Fees in QuickBooks Online Payroll

See how QuickBooks Online Payroll’s new tax form fees impact your business and learn simple steps to avoid the fees this tax season.

November 27, 2020

Michael Wallace

Accounting help, QuickBooks

Action required for tax form 1099 filers

November 27, 2020

Michael Wallace

Accounting help, QuickBooks

Action required for tax form 1099 filers

Effective for tax year 2020, the IRS has changed guidelines for reporting non-employee compensation on form 1099. The government has brought back form 1099-NEC to report non-employee compensation. If you need to file both the 1099-NEC and the 1099-MISC, you may need to update your chart of accounts in QuickBooks. Please review this post for detailed steps you must complete prior to completing 1099 forms for tax year 2020.