The 1099 Prep Report shows my vendors that need 1099's but when I go to process 1099's it only prints the 1 vendor that is receiving attorney compensation - the other 1099's don't report even though there are 2020 totals. Help?
The 1099 Prep Report shows my vendors that need 1099's but when I go to process 1099's it only prints the 1 vendor that is receiving attorney compensation - the other 1099's don't report even though there are 2020 totals. Help?
What version of the software are you running? Due to changes in 1099 form/reporting requirements you need to be on version 20.3
If you are running 20.3, are you running 1099s by Vendor or by Fiscal Entity? Are you setting any additional conditions when running the report?
I know I need to upgrade to version 20.3 to use the new 1099-NEC. My only other question is because we will be using both 1099-NEC & 1099-MISC - do we now pick Use multpile 1099 data files or can we still use just a single data file because we only have 1 company EIN.
You do not need to select to use multiple 1099 data files if you have only ONE company folder that is associated with your EIN. The type of form is set on each vendor. You will need to run the task to generate 1099s multiple times (once for each form type)
You do not need to select to use multiple 1099 data files if you have only ONE company folder that is associated with your EIN. The type of form is set on each vendor. You will need to run the task to generate 1099s multiple times (once for each form type)
See KB 23090.
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