heather10899
Level 2

Other questions

I received this email from Intuit today:

 

Dear Employer,
QuickBooks Desktop customers using third party forms when printing 1099-MISC and 1099-NEC Forms from QuickBooks may notice an issue with the "For calendar year" box. The box shows 202022 because 20__ is pre-printed on the form.
What do I need to know?
Our products are designed to print on Intuit forms (they are guaranteed to be QuickBooks compatible). Forms from third parties may or may not be compatible.
If your 1099 form stock shows 20__ in the "For calendar year" box, you aren't using QuickBooks-compatible forms. While you don't have to use QuickBooks forms, the year box may print as 202022.
Will my 1099 forms still be processed accurately by the IRS? 
The printed text is in black ink on the red form stock. The 1099 processing systems don't read the red text. The IRS confirmed that forms with the following date formats will still be accepted: 22, 2022, or 202022. You can print your 1099s on Intuit stock or from a third party. 
This email is to inform you that although the 202022 on the 1099's may be alarming, the IRS will still process the forms accurately. For more information on 1099 forms, please visit our Print 1099 and 1096 forms article.
We hope this email clears up any confusion surrounding the "For Calendar Year" displayed on third party forms.
Sincerely,

The QuickBooks Team