IRS Reporting Requirements for Third Party Vendor Payments on 1099-K/1099-MISC
What is a form 1099-K?
I use QuickBooks 2011. How do I make changes so my 1099-MISC is correct?
- If you only have a few vendors that you paid with credit card, debit card or third partypayment network, the manual option that allows you to manually find and exclude the non-reportable payments may be best for you. For step by step instructions, please see Exclude nonreportable payments from Form 1099-MISC for QuickBooks users
- If you have a more than a few vendors can upgrade to QuickBooks 2012 and take advantage of the updated 1099 Wizard. For more information please see QuickBooks 2012 Wizard helps with new filing requirements self printing and filing 1099-MISC
I use QuickBooks MAC. How do I exclude non-reportable payments so my 1099-MISC is correct?
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