Year-End Planning 2020

Year-End 1099 Compliance

As year-end approaches, there are several items you should be considering related to 1099 preparation. 

Here’s what we need from you:

WHEN TO SUBMIT INFORMATION

Please submit your 1099 information to your My Eide Bailly portal by Monday, January 10, 2022. Please include:

  • Download and complete the worksheet found here.
  • For a more detailed spreadsheet (specific to a form), please contact your Eide Bailly professional (or see the drop-downs below).
  • If you are using QuickBooks Online and appropriately tracking 1099s in that system, please invite us to that file. Please see the attached worksheet to learn how to invite us as an accountant user to your QuickBooks Online file.
  • If you are using QuickBooks Desktop and appropriately tracking 1099s in that system, please upload an accountant’s copy to your My Eide Bailly portal and let your Eide Bailly professional know the password to your file.

Upon completion, all forms will be mailed directly to the recipients and all government copies will be electronically filed with the appropriate authorities. We will upload the copies for your records to your My Eide Bailly portal.

Please note, all 1099 forms must be furnished to recipients on or before January 31, 2022 to avoid penalties.

HOW TO SUBMIT INFORMATION

  • Please upload your information to your My Eide Bailly portal no later than January 10, 2022.
  • Please check all recipient names, addresses, and social security numbers for accuracy prior to returning information to us.
  • If a recipient is using a social security number, make sure you have included the first and last name, not a business name.
  • All recipient copies of Form 1099 information returns MUST include a contact name and telephone number in the event recipients have questions. Please include a contact name and telephone number on the information you return to us.

Below are some basic instructions for review to help prepare you for filing your 1099 forms for 2021.

Common types of payments to be reported (this list and instructions are not all inclusive):

WHERE TO SUBMIT

Please upload the following information to your My Eide Bailly client portal.

Have questions or unsure how to access My Eide Bailly?