idiot newbie question, 1099

Lewis Balentine lewis at keywild.com
Tue Apr 26 17:08:54 EDT 2016


H'mmmm .... A very good point is that I probably do NOT know what I was 
looking for.

In a previous life (well it seems like a previous life these days) I 
worked in IT supporting the accounting department with our ERP system. I 
recall that we had to flag certain Vendor accounts and then classify 
each payment to them. At the end of the year we ran a program that 
extracted the flagged data and produced a list of Vendors and a total 
dollar amounts. That information was then transferred to the 1099 forms.

I noticed that the 'feature' had been used in the Quick books by 
previous/current treasurer and assumed that we needed it. In reality we 
only have one Vendor for which we might need to submit any 1099 data. I 
am thinking at this point it is not a sticking point.

Thank you for the clarification.

Lewis Balentine
Houston, Texas

> ----------------------------------------------------------------------
>
> The answer is no, but EXACTLY what are you asking. Did you mean a file
> of 1099's for electronic filing? Because you can't file paper 1099's
> with the IRS except using the special machine readable forms that you
> have to get from them (and then another form filed with the batch of
> 1099's that allows you to file them. Not something you could print off
> on your own printer << since I only have to do a few 1099 MISCs each
> year, if any, that's what I have to go through for the orgs for which I
> sometimes have to file those >>
>
> In other words the ordinary 1099 forms you can download from the IRS
> site are only for informational use (you could send those to the
> recipient if you were filing electronic 1099's with the IRS). You do
> have to file electronic if over a certain number, but I don't know what
> that is since not something I have to worry about.
>
> Michael D Novack
>
> PS: There would ordinarily be other "programing" things related to
> filing 1099's because there are thresholds for filing them << did you
> pay THAT recipient over the threshold or not >> Were you also asking
> whether gnucash automated THAT part of it? File for that recipient and
> if so, what kind of 1099?
> *********************************************



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