1099 Rents

[ILLMAS]

Do I have to prepare two sets of 1099s, I prepared 10 1099NEC and 1 1099MISC for rent, I would think the information would be combined on the 1096, however, only the 1099MISC is populating to the 1096.  What are others doing?

Thanks

[Gail in Virginia]

I think that you can only have one set of 1099 forms per 1096.  Since they now use different 1099s (MISC vs NEC) I believe you will have to do separate 1096s.  I believe if you are printing the forms and not e-filing, you can print the 1096 from within the 1099 print manager and get them each to print.  I don't know how you can e-file if you have both forms within the same file.  Maybe someone else can answer that one.

[ILLMAS]

Just received an answer to my question via the facebook ATX support group, ATX creates two 1096's, you need to click on the arrow for the next page and there you will see the 1096 for NEC's.   There shouldn't be any problem efiling them.

[Medlin Software, Dennis]

Unless I missed something (always a possibility), the official IRS position is paper 1099 forms sent to the IRS have to be the red drop out ink (essentially pre printed), as they have no provision for blank and white copies.  On the other hand, I know many who send them in self printed (black and white), but have not heard of the IRS using their penalty process for non compliant forms.

On the other hand, SSA has been allowing approved software to self print W2/W3 forms since TY 2001...

[Randall]

I only do a few.  I always order the forms (red originals).

[Jim Oh Bkkr]

16 hours ago, Medlin Software said:

I know many who send them in self printed (black and white), but have not heard of the IRS using their penalty process for non compliant forms.

Guilty as charged sir! (But only in a pinch when my IRS order wasn't received timely.)

[Lynn EA USTCP in Louisiana]

I stopped mailing w2’s to ssa and 1099s to IRS; they are Efiled, the w2s through my writeup software via nelco (howell) and the 1099s via ATX. A few are manually entered directly at SSA BSO