This video is for Setting up and File 1099-NEC and 1099-Misc for QuickBooks Online Users (QBO)
Are you ready for the new 1099-NEC?
What are the changes for the 2020 tax year…
New for 2020, nonemployee compensation has been removed from 1099-MISC and given its own form, the 1099-NEC.
Amounts formerly reported in Box 7 of 1099-MISC in 2019 and prior years should now be reported in Box 1 of 1099-NEC.
QB Desktop Users 1099-NEC training: https://canduskampfer.com/1099-nec-desktop-users/
Need to send your Nonemployee’s a W9: https://www.irs.gov/pub/irs-pdf/fw9.pdf
IRS 1099-Misc Publication: https://www.irs.gov/pub/irs-pdf/i1099msc.pdf
Ready to Customize QuickBooks for your Business and feel Confident at your next tax appointment?
Join me for my QB Workshop: https://CandusKampfer.com/workshop
Let me know if you’re ready to process your 1099’s now?