1099's refused

My wife is trying to get her company's QB 2006 Pro to print up 1099's to report amounts given as employee bonuses. She put all the employees in as vendors, and amounts as paid in 2005. QB states the amounts are not big enough to warrant 1099's and refuses to print any of them. Amounts range from $250 to $2,000. Any other things she could try so that she doesn't have to type them all up by herself? Thanks.

Reply to
SWilliams
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She needs to check the threshold in Edit>Preferences>1099. If her thresholds are higher than $2000 then QB won't print anything less than that amount.

Reply to
Tee

Bonuses to employees should be subject to withholding for FICA, Medicare and federal income tax and should be included in their W2.

Reply to
Brian

Tee,

Think, it's probably not the thresholds. The program comes with the standard threshold defaults already entered. It must be the expense accounts that collect the totals. Either they were never maped to the 1099 type which is most likely the cause or the payments were not coded the the correct account.

Reply to
Allan Martin

Yes, these were onetime Year-End bonuses paid at the Christmas Party. All other bonuses paid during the year have been included on their W-2's as regular income. Guess the owner didn't want to give a Christmas bonus of $163.15 at the party. Anyway, she went back to setup, made up invoice amounts and pretended to write checks (QB 2006 is only used for Payroll), and everything printed out just fine. Thanks for your help.

Reply to
SWilliams

If the accounts weren't mapped to a/the 1099 type why is QB giving a specific message about amounts? Maybe 2006 is different from all other versions but IME if a vendor isn't checked for 1099 OR an account isn't mapped as a 1099 account then QB just reports is has nothing to print, no explanation as to why is given. I would think the blank 1099 report would provide the obvious answer though.

Reply to
Tee

I guess the fact the the employee's now have to pay the employer's portion of the payroll taxes instead her didn't factor into the spirt of x-mas. Handing out a 1099'ed bonus to a W-2 employee a slap in the face. Not to mention that the IRS can still make her pay the payroll taxes.

Reply to
Allan Martin

Think again. If no one meets the threshold amount that is the message QB will generate. One one can meet the amount if payments and or original invoices are posted to expense accounts that are not maped to a 1099 type.

You might have noticed that for my new years resolution I desided to take you under my wing and mold you into the best QB bookkeeper in the world. Think of me as your QB mentor. Don't disapoint me.

Reply to
Allan Martin

Reply to
Steve Scott

I pay Christmas bonuses out of my personal account. I don't deduct them and no one else has to account for them. It feels to me like a true gift, not a company deduction.

Reply to
Joanne

N Owen To reply, please change "ONE" to numeral

Reply to
N Owen

I believe that option is only available in certain of the payroll packages. I just tried it with a regular do-it-yourself payroll subscription and it does not work.

Reply to
Leo Navoichick

It's in the Accountant's Edition.

Reply to
Allan Martin

Going by the literature Intuit has sent me it is available in other versions as well, as long as you have one of the higher payroll packages. I can see the button in my version it is just gray-ed out. Just checked the intuit website, looks like either assisted or enhanced will give you the Net to Gross calculator feature enabled, just the Do-it-yourself (now called Standard) does not allow this.

Reply to
Leo Navoichick

Reply to
Steve Scott

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