I am using Desktop 2022 and it is up to date. When will QB update to allow 1099's NEC to be run for tax year 2023 that are to be filed on January 31, 2024. So far no update or am I missing something?
You're welcome, USABRAVO.
I'll provide additional information about when the 1099 NEC form will be available in QuickBooks Desktop for 2023.
The Internal Revenue Service (IRS) issues Form 1099 NEC to report nonemployee compensation for independent contractors, freelancers, and self-employed individuals. If you have engaged in such activities in 2023, you may expect to receive a 1099 NEC form from the entity that paid you. However, the IRS only makes the form available to filers starting January 1 of the following year, which means that the 1099 NEC form 2023 will be available on January 1, 2024.
If you use our system to keep track of your income and expenses, you can rest assured that we'll be ready to help you file your taxes as soon as the form is available. We understand how important it is to stay on top of your financial obligations, so we'll ensure you can review and file all your 2023 transactions in our system by January 2024.
Then, you can start e-filing your 1099 before January 29. This ensures your 1099s can be postmarked to your contractors by January 31. You can e-file 1099s through January 31 to be on time with the IRS. E-file is open until April 30.
Additionally, these articles will direct you on how to create your vendor' 1099s, the procedures to file them, modify your contractor 1099, and solutions to frequently asked questions regarding the form:
If you have additional questions about the 1099 and other forms (payroll or contractor), comment below and tag my name. I'll jump right back in to respond to them. Have a good one!
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