How To Print 1099 In Netsuite

by

Introduction

In this piece, we’ll explore the process of printing a 1099 form using NetSuite. The 1099 form is crucial for reporting income that doesn’t fall under wages, salaries, or tips. Ensuring this form is correctly filled out and submitted punctually is key to preventing any penalties or fines issued by the IRS.

Step-by-step guide

  1. Log in to your NetSuite account and navigate to the “Tax” module.
  2. Click on the “1099/W-2” tab and select “1099”.
  3. Select the vendor or employee for whom you want to print a 1099 form.
  4. Click on the “Print” button to generate the 1099 form.
  5. Review the information on the form and make any necessary corrections.
  6. Once you are satisfied with the information, click on the “Submit” button to file the form electronically or print it out for mailing.

Conclusion

Printing a 1099 form in NetSuite is a straightforward process that can be completed in just a few steps. By following the guidelines outlined in this article, you can ensure that your 1099 forms are accurate and filed on time, avoiding any potential penalties or fines from the IRS.