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1099s


The 1099s report allows you to print miscellaneous, interest, and/or retirement 1099s for your vendors as well as the 1096 for your company.

You can print on standard preprinted forms or on blank NELCO forms and reprint 1099s as needed. It is recommended that you print an Edit List to verify the information prior to printing the 1099s. Any invoices that are marked incorrectly for 1099s can be corrected via View Transaction Inquiry (More Information).

 

This Section Includes:

Filters

Options

Efile

Report

 

Filters

Calendar Year

Companies

 

The Companies option only displays if you have more than one company with the same Federal ID Number.

 

Report Type:

oEdit List - The Edit List allows you to review your 1099 detail before generating the forms themselves. Select if you want to Include Address and then the Report Type: Interest, Miscellaneous, or Retirement. Select Print Only Vendors Meeting Minimum Dollar Amounts if you want to only view vendors who were paid a certain amount. When this option is selected use the Minimum Amounts field to specify the minimum amount a vendor must have made in order to show up on the edit list report.

For each vendor the 1099 Edit List displays the following information in addition to final totals:

oUse E-File Service - If filing 250 or more information returns, 1099s must be filed electronically.  Proposed IRS regulations were recently released recommending that the e-file threshold for information returns be lowered from 250 to 100 for Tax Year 2021 returns (to be filed in 2022) and then from 100 to 10 in Tax Year 2022 (to be filed in 2023). This regulation includes the total for all aggregated forms filed. Visit: https://www.nelcosolutions.com/e-file-threshold/ 

oPrint 1099s - Print the 1099s for Interest, Miscellaneous or Retirement.

 

oCreate File for Electronic Submission - Create File for Electronic Submission - If filing 250 or more information returns. You must file on magnetic media. You will need to file the TCC Code (Transmitter Control Code). Contact, Contact Name, and Contact E-mail. Visit https://fire.irs.gov for more information on filling 1099s electronically.

oUse Combined Federal/State Filling Program?

Include Address?

Type:

oInterest

oMiscellaneous

oRetirement

oNEC

Print Only Vendors Meeting Minimum Dollar Amounts?

Minimum Amounts: Available fields are based on the Type selected. When this option is selected, use the Minimum specify the minimum amount a vendor must have made in order to show up on the edit list report or 1099s.

oInterest

oMiscellaneous Box 1

oMiscellaneous Box 2

oRetirement

oNEC

 

Options

Options are available when the Report Type of Print 1099s is selected. Make sure you have selected the appropriate Report Type from the Filers page.: Interest, Miscellaneous, Retirement, or NEC. Make sure you entered the Minimum Amounts on the Filters page if you want to only print 1099s for vendors who were paid a certain amount.

Form Type:

Blank NELCO Forms: This option generates PDFs of NELCO forms for your 1099 and 1096 (if selected).

Preprinted Forms: This option is available for Interest, Miscellaneous, and Retirement but not NEC. This option generates PDFs of data only for preprinted forms.

Copy A must be printed on a red preprinted form. This prints first with just the data. Then the other copies may be printed on blank forms with the form image and data.

 

 

Select the Form to Print:

Universal - Interest, Miscellaneous, Retirement, or NEC

2 up - Interest, Miscellaneous, Retirement


NOTE: Shelby Financials only supports the blank Universal format for the Form 1099 NEC.  Please visit Nelco's site for compatible forms.


Select if you want to Print 1096 after 1099s Finish.  Enter the 1096 Contact Info if applicable:

Contact Name

Phone

Fax

Email

 

Electronic File Info

If you are filing 250 or more returns, 1099s must be filed electronically. The Efile option allows you to process your 1099s online using E-File. The service files your forms, mails 1099 forms to employees, and even emails links so individuals can access their forms online. The How to use E-file with Financials document is available for more detailed information concerning the E-File process.  Report Type must be chosen on the Filers page to access the following options.

 

TCC Code - Required

Contact Name - Required

Contact Email Address - Required

Contact Phone Number - Required

ext.

 

Click the Run Report button to display a pop up window opens allowing you to log in or create an account to use E-File. Once logged in, follow the on-screen instructions to select and pay for services, use selected options (such as emailing employees a link to their 1099), and file your 1099s.

 

Enable pop-ups from your site or the window for E-File does not display.

 

 

Report

Select if you want to Print 1096 after 1099s Finish.  Enter the 1096 Contact Info if applicable: Contact Name, Phone, Fax and Email.

Click the Run Report button to generate a preview of the report.

Click the Clear Preferences link to reset all of your report preferences to their default values.

Click the Close Report button to return to the dashboard.

The report displays on the Report Preview page. Refer to the Report Preview help page for more information.