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  #1  
Old 03-01-2017, 04:19 PM
bstackhouse bstackhouse is offline
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1099 Transactions

If I pay someone for multiple services/bills with one "check", is there a way to flag which are reported on a 1099? If I write one "check" for each, then I can just specify Visa in the check no. on one and blank for the other.
Thanks
Bill
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  #2  
Old 03-02-2017, 03:40 AM
Rustler Rustler is offline
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Location: Texas - The Republic
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Only check and cash payments are reportable by your company, so if you can get the contractor to accept a credit card, paypal, google pay - there is no 1099 reporting

Any thing you pay a contractor is is 1099 reportable, there is no such thing as reimbursed expenses for a contractor. They send you a bill and you pay it.

reportable payments are only reported on by QB when the payment uses the expense account you map to block 7 of the 1099. On the IRS tax forms there is a bloc titled non-employee compensation, so that is what I name mine, but you can call it what ever you wish.
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Old 03-03-2017, 10:19 PM
Lorin Browning Lorin Browning is offline
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Bill,

I am having a hard time seeing how payments to a given vendor can be both 1099-MISC reportable and 1099-MISC non-reportable. It seems to me that either all or none are.

Can you explain what the problem is for which you are trying to find a solution.
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Lorin Browning, Ph. D.
Fellow -- National Tax Practice Institute
lorin@lorinbrowning.com
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