You must print your vendor 1099 forms before
you close the payroll (calendar) year.
- Insert blank preprinted
1099 forms into your printer. Sage 50 only prints the 1099-MISC/NEC and the 1099 INT
forms. Learn how to purchase preprinted federal forms.
- From the Reports & Forms
menu, select Forms, then Tax Forms .
Sage 50 displays the Select
A Report or Form window.
-
Select either the 1099-INT form (for
printing 1099 interest income statements for vendors as required by the
IRS) or the 1099-MISC/NEC form (for printing 1099 miscellaneous income statements
for vendors as required by the IRS).
- Click the Preview and Print button which is located below the sample image on the Select a Report or Form window. Sage 50 displays the Preview and Print filter screen.
- Verify that the payroll
year is correct.
- If you want to manually
adjust lower limits, which are established by the federal government,
click the Adjust Limits button.
In the 1099 Lower Limits window, set
the limits as desired. Tell me more about this.
- In the Filter vendors by section, enter or select a
vendor ID range or accept the default of all vendors.
In the Payment Method filter, select the type of payments to include when calculating the 1099s.
- When finished with
the settings in the filter window, select Print/Email.
- In the Print dialog, Sage 50 displays
the default printer. If you want to print to a different printer, use
the drop-down arrow in the Name
field to select a new one. Otherwise, click OK
to begin printing the forms.
If you get a message that there were
no forms to print, you may not have vendors set up as 1099-type vendors,
or the 1099 vendors do not meet the minimum payment requirement.
To print multiple copies, repeat the above
procedure.