QuickBooks accounting software might show up different errors. It might malfunction, slow down, or temporarily stop responding to the user’s command. These errors might show up anytime, for example, while downloading the software, updating or upgrading it, opening a file, during 1099 forms preparations and their solutions etc. There can be a bunch of 1099 forms related issues like:1099 doesn’t show the correct amount, 1099 reports show an amount that is lesser than what you’ve calculated, the 1099 vendor is not there on the list when preparing 1099s, 1099 form is misaligned, etc. Each error can be eliminated using some set of steps. Let us check out the common ones:

Issue: 1099 doesn’t show the correct amount

In these cases, the payments might either meet or exceed the threshold for the box. When the is on the prepare 1099s screen, he/she might find the dollar amount parentheses under the Box number at the top of the column at the top of the Preview 1099 and 1096 Information section. Ensure that these sums exceed the thresholds for the box. The user should also check if the correct tax year is opted in the preview 1099 and 1096 information section. Upon opening the Prepare 1099-MISC Forms screen, you will find a drop-down menu for Tax Year within Company Information box. If this is a bill payment, ensure that it is attached to the bill, otherwise, you can fix it by performing the steps below:

  • The very first step is to opt for the Plus icon on the Toolbar.
  • The next step is to choose the Pay Bills under vendor.
  • After that click on the Filter drop-down.
  • Now, go for All for Payee and Location
  • Hit the Apply tab.
  • Now, check the correct bill
  • If the payment is outstanding, you will find the full payment amount displayed in the Credits column, leaving the rest of the amount in the Open Balance column.
  • Adjust the sum, as required, in the Payment column – for example, if you wish to apply the credit, you can change the Payment amount to 0.)
  • The next step is to opt for Save (or Save and close).
  • Also note that if you still see the incorrect information, re-certify that the payments were assigned correctly to a vendor and not to an employee.
  • In case vendor was paid by credit card – 1099K form will have their reports submitted by the payment processor.

At the end of this post, we expect that the steps above might be of some help in fixing the issue related to the 1099 forms. However, if there are any queries or if the user needs our assistance at some point in time, then contacting our QuickBooks tech support team at 1-844-405-0907 is recommended. We are a team of certified QuickBooks professionals who work provide instant support services for all sorts of QuickBooks related issues.