Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
Piper288
Level 1

Reply to message

Hi Rasa-LilaM,

Looking back at your posting of January 28, 2019  where you wrote "I want to ensure the 1099s will only show vendors who meet the threshold. I’ve looked into this further and there isn't currently any open investigations about 1099 reports showing vendors who didn’t reach the limit"

We greatly appreciate your evident interest to make sure this is fully resolved.

I'd like to draw your attention to issues in this area which do still exist:

1.   When producing a 1099-NEC Detail Report, it still includes Vendors who do not meet the $600 threshold, and I don't see any way provided by QuickBooks to exclude these Vendors. Filtering for Amounts less than $600 is not appropriate, as that removes transactions that should not be excluded. We need to be able to filter for "Totals" less than $600.

2.  With the IRS's new initiative with IRIS we need to be able to report all 1099-NEC Vendors including their full addresses, to be compatible with the IRIS 1099-NEC template. Currently QuickBooks doesn't allow the addition of the Vendor's address to the 1099 Summary Report.

3.  It seems the only way to get the 1099 data for the report required for IRIS, is to export the Detail Report from QuickBooks, including addresses, to Excel and then manually delete all the transaction lines !! This would seem a bit ridiculous, don't you think..

Can we get some assurance from QuickBooks that these issues are being addressed?

A huge thank you to you for your assistance,

(removed)

 

Need to get in touch?

Contact us