Taxes

I have went through every help here for this issue; checked that I current version was updated, did a local back-up, checked vendor statuses to be sure everything was properly checked... Print 1099's is not showing up under Vendors, its not showing up under the File>Print Forms, its like it doesn't exist! Cannot run reports to show 1099 vendors. I'm at a loss! Could it be because I am running a 2019 version so it's no longer compatible and they are forcing me to upgrade?

I am successfully using the most recent update to QuickBooks 2019 Desktop. I go to FILE > PRINT FORMS > 1099s/1096. I have successfully mapped my accounts and my subcontractors are successfully going on the NEC and my rent and lawyer fees are successfully going on the MISC. All seems good on that. I have successfully printed both my 1099-MISCs and 1099-NECs. However, when I print my 1096, QuickBooks generates two separate 1096 forms. One for my combined 1099-MISCs and a different 1096 for my combined 1099-NECs. I would have assumed QuickBooks would generate and print one single 1096 that combines all 1099-MISCs and 1099-NECs? Should I actually file two 1096s (one for my MISCs and one for my NECs)? Or, am I doing something wrong and I should really be filing only one combined 1096 (for both my MISCs and NECs)? I hope that makes sense? Thanks!

I have called Quickbooks payroll 3 times and tried to chat, so please don't suggest that...it's beyond frustrating. Our W2's have box 18 blank although we have the taxes properly entered into quickbooks and each employee does show an amount that was deducted for local taxes in box 19 on their W2.  We cannot upload our W2's to the local tax agency with box 18 blank.  I cannot figure out how to make a wage amount appear in that box.

Hello! Section 6109 of the Internal Revenue Code requires that Payee's provide a W-9 with their TIN if properly requested.  In order to avoid penalties on our side, I must request the W-9 at least 3 times. I have done so and I have two vendors that have never responded.  They both meet the threshold requiring we file a 1099-NEC. As I do not have their TIN, how can I process their 1099-NEC using the 1099 module in QBO?Do I need to send these two 1099-NEC's as handwritten copies? Thank you!

Hello,I need some assistance as to how I produce a 1098 form for interest paid to the private money lenders in QB online?

It is my understanding that a Property Management Company must send a 1099-MISC for GROSS income even if only a portion of the gross income was sent directly to an individual property owner (i.e. NET income for the individual is not reported on the 1099-MISC). What happens if part of the income from Property Manager to Owner is sent via a Payment Settlement Entity (PSE) that issues a 1099-K? Does Property Manager issue a 1099-MISC for the difference? That is, PSE reports net income sent to owner and Property Manager reports 1099-MISC for essentially all the expenses paid for by Property Manager in order for 1099-K and 1099-MISC to add up to Gross Rents? Example:$1,000 Monthly Rent collected by Property Manager–$100 Property Management Fee–$100 Monthly Miscellaneous Expense= $800 NET MONTHLY INCOME sent electronically through a PSE. Therefore:$12,000 Gross Annual Rent collected by Property Manager$9,600 ($800*12) Net Annual rent sent to Owner via PSE, reported on 109

How do I switch from accrual basis to cash basis? I've only seen this answered for the online version which doesn't help me out with Quickbooks desktop for Mac 2016. 

Hello, the 1099 option is not showing under the vendors tab and not showing under the reports tab. When i go to each vendor, the check mark for 1099 is grey and not active. Pls help. Thanks

Company that uses quickbooks online is setting up a second office out of State.  How do I add the second State to payroll taxes so that the proper income taxes and state unemployment taxes are paid for the employees working and living there?

Hello.  I am trying to submit my clients 1099's through the IRS FIRE system, but am not sure how to convert the PDF file created from QuickBooks to an approved file for submitting through the FIRE system.  Does anyone use the FIRE system and QuickBooks Pro desktop to submit the 1099's electronically?  The approved format is ASCII.  And do I still need to purchase 1099 forms to give to the vendors?  I do not see how to print the form from QuickBooks.  Any help with this would be much appreciated. Thank you in advance,  (Title has been edited by moderator for clarity) Shelly

I run a sole proprietorship business.  I use materials and labor for invoicing.  I am on cash basis.  I don't track inventory.  Materials are small items like nuts, bolts, hose clamps, etc.. My tax advisor wants to use the (2019) tax year's Cost of Materials Paid Amount total as COGS in part III of Schedule C.  That is, Cost of Goods Sold. This seems wrong to me.  The Cost of Materials account essentially consists of credit card charges and invoices.  I want to use just the credit card charges ($2330 in 2019).  In other words, what I paid to vendors.  The "Paid Amount" column has charges and invoice amounts for the each transaction.  They tend to cancel out to much less than I paid  ($776 in 2019). Which is right?  Also, what is the easiest way to come up with the total of what I paid vendors for parts from QuickBooks? Just say no to 'items'.Note: The only "Item" I set up and still use is an hour or my labo

I have a non-profit client who will be filing taxes.  It appears he would need to file a 990 or 990-EZ.  Which QBO reports should he run and take with him to his tax preparer?

Hello,  My question is, the sales are on 2019 sales reports because the sale occurred on 12/31 and the customers paid on 12/31 with credit cards. So I did receive payment on 12/31, but it was in process at the bank and the deposit from the merchant account only showed on my bank account on 1/2, next business day.  I am on cash basis ( modified cash), would these sales transactions be recorded for tax purposes for 2019, or 2020? I also had some checks I deposited but they of course were only available to me the next business day. Would those be 2019 sales since I received the payments on 12/31?  How would I record it at the end of the year, undeposited funds? They were deposited but they do not show on my bank account on 12/31 yet....  Thank you for helping me BL

Typically when purchasing an item that is to be resold to a customer, I don't pay sales tax on the item.  Today, however, I didn't have my certificate with me and ended up paying sales tax in the store.  What is the correct way of entering my purchase into quickbooks?   Typically since I don't pay tax, items for resale go into my COGS (costs of goods sold) expense account.  I am unsure what to do with the sales tax portions of the receipt though.  When I invoice the customer I charge them the full sales tax, so basically the state gets the tax twice.  How to I enter this so that my sales tax payable is correctly adjusted, I can receive credit when I file may report with the state, and don't end up claiming this as income?  

I'm trying to add a "DBA name" on a 1099-MISC, underneath the main company name.   I'm printing from Quickbooks Pro 2018.   I'd like the 1st line to be the the main vendor name, but then also have a 2nd line right under that with their DBA.   It's only allowing one line of data for the business name.  I've tried all kinds of variations, including populating the 'Vendor name' field with the company name and the 'Company Name' field with the DBA, but the 1099 still prints with only one of these lines - not both.  Last year I was using a different version of Quickbooks and didn't have this problem.  Any help would be much appreciated.  Thanks.

The Payroll Taxes amount on my Profit and Loss Report doesn’t match the amounts on my Tax and Wage Summary in Intuit Online Payroll for the last fiscal year.  Does anyone know why?

QBO sales tax calculator gives us 2 options if you ship or not goods sold. If you don't ship, Sales Tax will be calculated based on where the sales took place. What happens when sale did not take place in the state the company is based on? I don't see an option to make a choice.Thank you!

A bi-weekly payment did not go through on time and was resubmitted 2 weeks later .     I have received a penalty and would like to see if it can be paid through QB electronically and how. 

My sales tax payment was less than what was showing on the report; the difference being a sales tax discount for paying on time. However, when I made the payment, QB didn't inquire about the difference. Shouldn't I have to account for this discount somehow, somewhere??

I just purchased Quickbooks to get everything in order for 2017 taxes. I am working on inputing expenses and am unsure of the difference in the types (Job supplies, Other Business Expenses, Misc. Expenses, Uncategoried, etc.). And for gasoline expense, is that considered "Travel" or "Car & Truck"? Is there a list that explains what each one consists of? Also for 1099 contractors, what do we need to do to or get so we can send out their 1099? Sorry for all the questions, this is all completely new to us.  (Title has been edited by moderator for clarity)