QuickBooks 2011: The Missing Manual

Tax: 1099

The Company Preferences tab in the Tax: 1099 preference category begins with the most important 1099 question: “Do you file 1099-MISC forms?” If you don’t use 1099 vendors, such as self-employed subcontractors, or you delegate 1099 generation to your accountant, simply choose the No option and ignore the rest of the preferences in this category. If you do file 1099-MISC forms, you can specify the accounts you use to track 1099 vendor payments and the minimum amount you have to report to the IRS. To learn how to generate 1099s and set the preferences that control them, refer to 1099s.