Consider the following when troubleshooting 1099 form problems.
- First verify that the vendor is set up as a 1099 vendor in Sage 50.
- From the Maintain menu, select Vendors. Sage 50 displays the Maintain Vendors window.
- Enter or select the vendor ID in question. To display a list of existing vendors, type ? in this field, or select the Lookup button.
- Check the 1099 Type field. Choose either Independent Contractor (to report non-employee compensation on the 1099-MISC form) or Interest (to report those vendors to whom you paid in interest a year on the 1099 INT form).
- If the 1099 Type field is correct, verify that the payroll tax year has not already been closed.
- From the Tasks menu, select System, then Change Accounting Periods. The Change Accounting Period window displays both the fiscal year accounting period that you are currently in and the current payroll tax year.
- If the current payroll tax year is within the acceptable range, you can check payment history of the vendor.
- From the Maintain menu, select Vendors. Sage 50 displays the Maintain Vendors window.
- Enter or select the vendor ID in question.
- Select the History tab.
- Verify that payments were made to the vendor and that the total payments were equal to or greater than the limit specified when printing the 1099 forms.
- If no payments are shown for 2012 on the History tab and the vendor qualifies as a 1099-type vendor, you must first enter an after-the-fact payment.
- Finally, reprint the 1099 forms for these vendor(s).
You must print Vendor 1099 forms before closing the current payroll tax year. Closing the payroll tax year also closes the vendor 1099 information. For example, if you want to print 2012 vendor 1099 forms, the current payroll tax year must be either 2011 or 2012. If the payroll tax year is 2013 or later, you must restore a backup made before closing the payroll tax year for 2012.
Enter after-the-fact vendor information to print Vendor 1099 forms