How to Print 1096/1099 Forms in Sage 50

When it comes to business, you need to be able to handle a variety of different forms. From tax returns to purchase orders, there’s no shortage of documentation that needs to be handled. But printing these forms can be a time-consuming and tedious task. Fortunately, Sage 50 has you covered. In this blog post, we will show you how to print 1096/1099 forms in Sage 50 quickly and easily. We’ll also provide some tips for making the process as smooth as possible so that you can stay organized and efficient.

Sage 50 includes, among other things, fantastic features to help businesses file their annual taxes. With this accounting software, you can easily e-file the 1099 and 1096 forms. In this blog, we will discuss how to print the 1096 and 1099 forms in Sage 50.

But, before discussing the printing process, let’s first get to know what these forms are..

What is a 1099/ 1096 Form?

Before understanding what a 1099/1096 form is, you need to understand what a 1099 vendor is. It is simply a company or individual who does work for you but is not one of your employees. These vendors have the name because you must provide them with an IRS Form 1099 if you pay them more than $600 in a fiscal year. To keep your accounting books in order, you can send them Form 1099 even if they are not paid more than $600.Prior to actually making any such payments to 1099 vendors, gather all relevant information about them so that you can properly file 1099 forms during the tax season.

Read More : How to Print 1099 and 1096 Forms in Sage 100

What is Reported on a Form 1099-MISC?

A Form 1099-MISC includes various types of payments. The following boxes are mostly used:

• Box 1- To report the amounts paid against rent of equipment real estate and machinery 
• Box 2- To report royalty payments including the royalty fees paid already to the franchisors.
• Box 3- To report other income including the prizes received where the relevant service was not provided. Also includes the wages due to the deceased employees, which were later disbursed to the beneficiaries.

Steps for Print 1096/1099 Forms in Sage 50

The 1096 form helps to make the Sage 1099 forms concise. It is sent to the IRS for the 1099-type vendors. Form 1096 is needed when one submit paper 1099 forms.

When 1099 forms is mailed to the IRS, let’s put them together and attach a separate 1096 for each group of 1099 forms. Here are a few steps:

• Go to the Accounts Payable section
• Click on Reports 
• Click to open Form 1099 reporting
• Click on 1099 reporting visual 
• Click on the form to use tab
• Click New
• Choose the form type to use against Interest , Dividend and Miscellaneous
• Select the 1099 calendar year 
• Specify the merchant category 
• Enter the minimum amount payable to vendors, as well as the year-to-date payments. Please keep in mind that this amount must be the same or greater than the amount entered.
• Check and confirm all the information related to the company
• After you accept the terms & conditions, a 1099 window would appear
• Click next to proceed
• Go to the checklist wizard
• Click on the print check list tab in order to print all the items on the 1099 form
• Click Finish
• Follow the same steps to complete the form in the next window as well
• Once you have confirmed all the details, the processing of 1099/1096 forms will begin. 
• Now you need to decide the look of the form.
• Select the print format 
• Select suitable forms
• Click on the forms viewer 
• Acknowledge and verify your form
• Click on next to display the form

For knowing the further steps, contact Accounting Advice.

Related Article: How do I access 1099-NEC form files for use with Sage Checks & Forms?

Final Words

We hope the sequential steps mentioned above have cleared all of your doubts related to e-filing 1099/ 1096 forms in Sage 50. If you have any further questions or encounter any difficulties in carrying out the steps above, we recommend that you contact one of the authorized Sage experts.

Frequently Asked Questions (FAQs)