1099's in QuickBooks Online
Why take this course?
🌟 Master QuickBooks Online's 1099 Wizard with Ease! 🌟
What You’ll Learn
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Which Vendors Qualify to Receive a 1099: Discover who is eligible for a 1099 form based on the services they provide and the amount you pay them. 🧐
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How to Use the Workers Center in QBO: Learn how to navigate QBO's Workers Center to manage your contractors and vendors efficiently. 🛠️
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How to Gather W9 Info from Contractors: Find out the best practices for collecting W9 information to ensure you have the necessary documents before filing. 📑
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How to Use the 1099 Wizard in QBO: Step-by-step guidance on utilizing the powerful 1099 Wizard to prepare and review your 1099 forms. 🚀
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How to Choose What Account Categories Contain 1099 Expenses: Understand which expenses should be categorized for 1099 reporting within QuickBooks Online. 🏗️
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How to Send 1099s to the Subcontractors: Learn the process of sending out 1099 forms by email or printed mail with just a few clicks. 💌
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How to Submit the Forms to the IRS: Get the lowdown on submitting your 1099 forms to the IRS, completing the process for tax season. ✍️
After completing this course, you will be able to:
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Identify which of your vendors should receive a 1099: Know who among your vendors needs a 1099 form based on their payment status and entity type. ✅
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Recognize the benefits QBO’s Contractors Center to manage 1099 vendors: Understand how the Contractors Center simplifies the process of managing and reporting on your contractors. ✨
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Recall the steps to use QBO’s 1099 wizard to file 1099s with the IRS and send copies to the contractors: Master the end-to-end process of preparing, sending, and filing your 1099 forms. 🎯
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Describe when QBO’s built-in tool may not be right fit for your needs: Learn the exceptions where you might need to look beyond QuickBooks Online for handling your 1099 reporting. 🤔
Course Description
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! 🧐✨
As the year winds down, the task of filing 1099 forms can seem daunting. But fear not! With QuickBooks Online's 1099 Wizard, the process is simplified to a few clicks, making it accessible for even the novice user. 🖥️
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Who gets a 1099?: It's all about your vendors who are LLCs or Sole Proprietors and have been paid more than $600 in the year from your bank account. 🏦
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QBO to the Rescue!: Alicia Katz Pollock, a QBO Rock Star, will guide you through each step, ensuring you can confidently prepare, review, and file your federal 1099-MISC and 1099-NEC forms. 🛡️
From automatically gathering W9 information to filtering out who qualifies for a 1099, Alicia will walk you through each stage with ease. You'll be able to send the required 1099s by email or snail mail and meet your IRS submission deadlines without the usual stress. 📬⏰
Take the guesswork out of tax season. Enroll in "The 1099 Wizard in QBO" course today and transform your approach to 1099 filing! 🚀🎉
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