The Sage software family has expanded with the release of Sage 50. Millions of individuals utilize it to increase productivity and efficiency. It contains excellent capabilities to assist businesses in filing their annual taxes, among them payment and reporting operations. You may quickly and easily e-file the 1099 and 1096 forms with this accounting software. We’ll talk about how to e-Filing 1099s and 1096s form Sage 50 in this blog. However, let’s first understand E-filing 1099s from Sage 50 before delving further into the procedure.
Understand e-Filing 1099s and 1096s form Sage 50
You need to comprehend what a 1099 vendor is before you can comprehend what a 1099/1096 form is. Simply put, it is a business or person that does services for you but is not one of your workers. Due to the fact that if you pay these suppliers more than $600 in a fiscal year, you must also give them an IRS Form 1099, they have earned the term. Even if they get less than $600, you should still give them Form 1099 to keep your financial records in order. Make sure you have all the necessary information regarding 1099 suppliers before you actually pay them, so you can properly file 1099 forms for the upcoming tax season.
Read Also: Sage 50 Payroll Tax Calculation Errors
Ways to e-Filing 1099s and 1096s form Sage 50
It is always advised to seek assistance from Sage-trained professionals who can assist in any way. Contact the experts in accounting advice when such circumstances arise. Their toll-free number is. They will offer you answers right away to ensure that your job and critical chores are never hampered.
Steps by Steps for e-Filing 1099s and 1096s form Sage 50
The below are the instructions assist you in e-Filing 1099s and 1096s form Sage 50:
Step 1: Select the Correct Form
- Choose Employees & Payroll, Forms, and then Federal Forms, or choose Reports & Forms, Forms, and then Tax Forms
- Next, make sure to double-click on the “Payroll Tax Forms”
- Choose the relevant [Year] 1099-NEC, 1099-K, 1099-MISC, or 1099-INT form from the list under the Available Forms section
- Click on the “Ok” button after setting the Filing Period to Yearly and choosing the appropriate year.
Click here: Install Sage 50 2020 Payroll Tax Tables Update
Note: Be sure to save your work by clicking the Save Mapping button if you need to come back to finish your mapping. To get assistance at any time, click the? button on the toolbar. A name for your saved mapping will be requested if you click Save Mapping. If you have the same data file for several firms, you can save time by sharing saved mappings between them.
- Select an option, then click “Next” when the 1099 Setup Wizard window displays.
Step 2: Verify the Information
- Make sure the Payer Identification Number is accurate, choose EIN or SSN, and then press the “Next” button
- Verify the Payer details, and then click “Next”
- Click Next after selecting the proper Tax Preparer Type
- If the Third-Party Preparer Information window appears, complete the necessary details before clicking on the “Next” button
- Click “Next” after ensuring that each State and Locality authority or item is accurate
- On the Data Verification window, check the pertinent boxes before clicking “Next”
- Click “Next” after making the necessary selections on the Recipient Identification Numbers window
- Select the appropriate choice in the Multiple Data Files window, and then click “Next”.
Note: Finish the merge procedure if you choose “Yes” for multiple 1099 data files. Once finished, move on to the following action
- Verify the data in the W2/1099 Preparer worksheet that has been highlighted in blue, and then click Next Step
- Continue to double-check the information that has been highlighted, then click “Next” Step until the Printing the New 1099-NEC in Sage 50 and Filing Options window appears.
Step 3: eFile and/or Print the 1099s
- Initially, choose either Select My Own Options or Complete 1099 eFiling Service
Note: You can electronically file your 1099 and 1096 federal forms if you use the eFiling service. There is an additional fee for the service if you want your recipients to get their 1099s online.
- Choose Select My Own Options, choose the forms you want to print, and then click “Next” if you only want to print the forms
- Click “Next” after you have double-checked your options from the previous page
- Click “Next” after choosing the proper divider sheet option
- To view the data, click on the “Next” button
- At the top, select Next Step, and then select the “Ok” button
- After that, select the “Next” button
- To evaluate all of the forms, repeat the procedure as necessary
- The Aatrix Secure eFile window will display if you chose to electronically file your forms
- To finish the procedure, adhere to the on-screen instructions.
See also: Setup Sales Tax in Sage 50
The below are the step by step instructions help you in E-filing 1099s from Sage 50. If you have still have any queries or troubling in e-Filing 1099s and 1096s form Sage 50, you can reach out the Team of Experts by contact us +1347-967-4079 Sage Customer Helpdesk. Meanwhile, you can use our live chat 24×7 option for quick or precise assistance.
Frequently Asked Questions
How Do I Print the 1099 and 1096 Forms using Sage 50?
The below are the steps help you to e-Filing 1099s and 1096s form Sage 50:
- Navigate to the Reports & Forms >> Forms and then Tax Forms
- Choose the 1099-NEC or 1096 form that you want to use
- Choose the filing year
- Vendors can be filtered by ID, active or inactive status, or payment method
- To see a preview of the printers, click on the “Refresh List” option
- The 1099 forms can be printed by selecting Print/E-mail or by selecting Print Preview to examine them on the screen first.
When Do We Encounter “There Were no Forms to Print” Error Message?
If you receive the error message “There were no forms to print,” it’s possible that you don’t have any suppliers set up as 1099-type vendors or that the minimum payment requirements for those 1099 vendors have not been requirements.
See also: Sage 50 SBD Desktop Error
How to Print Vendor 1099 Forms Sage 50?
To print the 1099 form correctly and prevent unintended mistakes, carefully follow the steps below.
- Fill your printer with blank, preprinted 1099 forms as the first step
- After that, from the Reports & Forms menu, select Forms, then Tax Forms
- Choose between the 1099-MISC form or the 1099-INT form to print 1099 miscellaneous income statements for vendors as needed by the IRS (used to generate 1099 interest income statements for vendors, as required by the IRS)
- On the Select a Report or Form window, click the Preview and Print button which is visible underneath the sample image
- After completing the aforementioned step, verify that the payroll year is accurate
- Follow the instructions below precisely to print the 1099 form and prevent any unintended issues
- Pre-printed blank 1099 forms should be loaded into your printer as your next step
- Select Tax Forms from the Reports & Forms menu after the next step, then select Forms
- You can choose between printing 1099-MISC forms or 1099-INT forms for suppliers’ miscellaneous income statements as required by the IRS (used to generate 1099 interest income statements for vendors, as required by the IRS)
- Next, click the Preview and Print button found below the sample image on the Select a Report or Form window
- Verify that the payroll year is accurate after the aforementioned step has been finished.