In the USA – as I understand it – if a business pays over $600 per calendar year to a physical person or a legal entity (“1099-recipient supplier”) that is not a corporation, the business that made the payments must report the total to the Internal Revenue Service and to the 1099-recipient supplier …

This could be done using Advance Queries but you have to manually check which person is exceeding 600$ limit. [image] etc: if the “Payee” on the Expense Claims could be populated from the Suppliers list and the Suppliers list You can select account payable and then Supplier on Line of Expens…

Probably one could just flag all suppliers that are not C-Corporations (since all suppliers that are not C-Corporations – I think – are the ones that have to get 1099 forms). Then when the list is done, one could just ignore those from which was purchased less than $600 worth of goods/services.

Yes for that you will again need a custom field [image] [image] ^ An advance query which will exclude corporations Btw you got the idea you can adjust fields and reports accordingly.

@shahabb Thank you. I think I understand some of it, but not all. I wonder why someone would put “Accounts Payable” in the Expense Claim. I realize it is done to get the amount in the data associated with the supplier called “Supp 1”, but won’t that distort the accounting? In any case, I think I’…

[image] etc: I wonder why someone would put “Accounts Payable” in the Expense Claim. I realize it is done to get the amount in the data associated with the supplier called “Supp 1”, but won’t that distort the accounting? I suggested this because you wanted to select Supplier as Payee. And i …

[image] shahabb: I suggested this because you wanted to select Supplier as Payee. And i selected accounts payable because someone paid your supplier on your behalf. You can create a purchase invoice for the goods/services you have received from you supplier. If you are not getting purchase inv…

Other places in the forums where 1099s are mentioned: [image] 1099 subcontractors We are a service based business. We dont have “employees”. We hire subcontractors. I need to be able to track who they are, how many jobs they do for me and how much I pay them. I have some …

Add to this list of topics the following: [image] Data for 1099 forms for suppliers (USA) In the USA – as I understand it – if a business pays over $600 per calendar year to a physical person or a legal entity (“1099-recipient supplier”) that is not a corporation, the bu…

Data for 1099 forms for suppliers (USA)

eko August 7, 2024, 12:26am 10

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1099 subcontractors	5	2038	July 16, 2020
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Data for 1099 forms for suppliers (USA)

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