1099 NEC

Question

Will Sage 50 be updating the 1099 Type in Vendor Maintain to accommodate the 1099 NEC forms that are required for 2020? If so, will it be necessary to update all of the vendors previously set up as Misc in order for the reports to print properly? Or will it be a simple change in the Vendor Default 1099 settings tab to get the amounts to print in the proper box?

Jerry Connor · Accepted Answer

Sage will be providing the ability to produce the 1099-NEC for both payroll and non-payroll customers. We are working on the announcement with details on how this will work for both. Deta ils will also be available on the Year End support pages soon. We do recommend that payroll users upgrade to the latest release (2021.1.1) to be ready for Tax updates being released this month and in January. For non-payroll customers, the IRS requires their scannable form for Copy A, which can be ordered directly from the IRS website or from our Checks and Forms service.

Michelle Lopez · Answer

Hello SJ99: 
 Please refer to the Sage City post from December 16, 2020: Sage 50 US: Important information on year-end updates . 
 Please be sure to subscribe to the Sage 50 US Announcements, News, and Alerts forum to get the latest notifications - click here for instructions.

SharonW · Answer

We have the same situation. That is, we need to report some payments on 1099-Misc and others on 1099-NEC. After a lot of frustrating research, we found a work around. 
 Access Customize, for the 1099-Misc form, then save as 1099-NEC. Customize the new 1099-NEC form, by deleting Box 3 and moving Box 7 to the former Box 3 location. Save. Now you have both forms. 
 When you print, select only the 1099-Misc venders and print using the appropriate form. Then, do the same for the 1099-NEC vendors. This should work as long as you don't have one vendor needing both forms.

Best Business Strategies · Answer

Hi Dennis, We sell the forms so I wanted to know about the forms too. Yes, Sage will update the tax tables to accommodate the new NEC forms. Also, if you have Aatrix, you will not need all of the expensive forms you used to purchase. You can print all NEC 1099's from the payroll forms module. They will print like the current W-2's, 4 up to a page. They system will also pull in the vendor 1099's that you run through the vendor module. 
 I actually tried this last week using Sage 50 2021 and 2019 vendors. 
 If you need forms or would like to subscribe to Aatrix, please give us a call. Shirley Byard, Sage 50 Master Certified Consultant, 304-233-2612 Shirley@BestBusinessStrategies.com

Best Business Strategies · Answer

Amy, If you do payroll through Sage 50, you will be able to run the 1099-NEC through the payroll module if you subscribe to Aatrix. https://www.bestbusinessstrategies.com/efiling . The forms you need are 4 up like the w-2 https://www.bestbusinessstrategies.com/tax-forms If you don't have payroll and Aatrix, you will need to purchase the regular forms that you have historically purchased in the past.

Erzsi_I · Answer

Hi Jim Driscoll , Sorry for the delay, just checking up on this and I did receive the response that "there will be no changes to the 1099 Type drop down in the vendor records. The 1099 NEC form is anticipated to be delivered via an Aatrix payroll forms update towards the end of the year." Warm Regards, Erzsi

Best Business Strategies · Answer

If you don't use Aatrix, you can still use this form: 
 If you do have payroll with Sage and you have Aatrix, you can now use this form: 
 
 The above form is for the vendor. All other forms are Printed on plain white paper and they can be emailed to the proper US Gov't agency. 
 Please feel free to look at our website to see the forms offered for Sage 50 for 2020. 
 https://www.bestbusinessstrategies.com/tax-forms/!/blank1099 
 Shirley Byard, Sage 50 Master Certified Consultant.

Best Business Strategies · Answer

Yes, they will update the current version of the software. That is Sage 50 2021. If you are not in 2021, you will NOT get an update. 
 I was using my website to show you the pictures and what will work with Sage. You will have a payroll tax update before the end of the year and another SR update soon. It is usually in November. 
 FYI- I am no longer replying to messages in this link. Please contact Sage Direct if you have other questions.

Best Business Strategies · Answer

Please note, You cannot subscribe to Aatrix unless you purchase the payroll module. 
 I will create a 1099 NEC file. If anyone purchases tax forms from me, I will give them the free NEC form.

Sage 50 US

1099 NEC

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