1099 Issues

[Customer Service]

1099

Will C21 print 1099's or only keep a running tally per person?

Yes, C21 will print 1099's. Indicate the box on the 1099 the accumulated amount should be going to. To do this, go to the “Report on 1099” data entry field in the Payables/Configure/Vendor and select the box you want the accumulated amount printed to. When you are ready, 21st Century Accounting will print 1099s on pre-printed forms.

How do I enter the Social Security number or EIN on the vendor screen?

To enter a social security number on the Payables/Configure/Vendor screen, go to the “Tax ID” data entry field. Enter the Social Security number in the following format, xxx-xx-xxxx. This number will print in the “Recipient's Identification Number” field on the 1099. Use the Employer Identification Number or EIN for a company.

How to make a 1099 adjustment

1. Open Payables/1099 Adjustments. When you display a vendor in the 1099 Adjustments command, the number you see is the total of all 1099 payments recorded for the year specified.
2. Change this number to be the 1099 payments total that should print on the 1099 (or that should be the current total for the year if doing the adjustment earlier).
3. The program will calculate a difference between the old and new totals and record an appropriate adjustment amount.

I need a separate Vendor Name field to have an individual’s name match the tax ID as required to print on a 1099.

The 1099’s are standard IRS forms. The IRS requires the tax ID to match the name on the 1099 and only one name can be printed on the 1099. It is not additional information to be printed on the 1099, but an additional form field that is needed in your vendor data.

You will need to edit Vendor Name for printing the 1099. Under Payables/Configure Vendors, you can have an alternate field that appears by the Tax ID number or 1099 check box to put the name that matches the Tax ID. The alternate name should then be printed on the 1099. Instructions for the 1099 can found on the IRS website at www.irs.gov.