form 1099-NEC

[GUILLERM DIAZ]

THE PROGRAM CONSIDER AN "ERROR" WHEN YOU WRITE A PERSONAL SOCIAL SECURITY IN THE PAYER'S TIN NUMBER,

AND FOR THAT YOU CAN NOT EFILE THE FORM 1040. ANY SOLUTION TO THIS ISSUE?

 

[GUILLERM DIAZ]

WHO KNOWS HOW TO FILE FORM 1099-NEC WITH A SOCIAL SECURITY NUMBER  AS A 'PAYER'S PTIN' 

THE ATX PROGRAM CONSIDER IT AN "ERROR" AND YOU CAN NOT EFILE.

 

[Lee B]

Both SSN and EIN have 9 digits

[Margaret CPA in OH]

I am not familiar with a SSN as a Payer's PTIN.  A PTIN is a preparer's number issued by IRS beginning with a P followed by 8 digits.  Maybe I don't understand your question.

[ILLMAS]

I think he is referring to ITIN number.

[Lynn EA USTCP in Louisiana]

Enter the same numbers in FEIN format instead of SSN format.

[Lee B]

Under Payer's information on a 1099 NEC, you have to enter either the payer's EIN or their SSN.

I assume he means that an ATX software glitch is not allowing him to file when entering the payer's SSN?

[ILLMAS]

I know for a W-2, ATX requires for the preparer to enter the SSN the person is using, however the return is filed with the ITIN, I believe it's the same issue he is having.

 

Marco

[Lion EA]

Can you enter the $ amount directly on the form (Schedule C?) and not use the Form 1099-NEC template?

[Abby Normal]

22 minutes ago, Lion EA said:

Can you enter the $ amount directly on the form (Schedule C?) and not use the Form 1099-NEC template?

I never use the NEC or MISC input forms unless there's tax withholdings. I override sales on Sch C and rents on Sch E, all the time. I sometimes use the Sales tab on Sch C to list multiple 1099s if it would make the organizer more useful next year.

[Max W]

The only time you would need to use a worksheet with the old 1099-MISC, or the new 1099-NEC is if there was tax withheld, and you could probably work around that, too.

Just enter the amount paid on Sch C.

[KATHERINE]

Hi Max, I have a questions, if I input income without enter from 1099NEC., am I going to get IRS notice for under reported income?  

I knew people do tax in their own custom ways, and not get a letter, but what is the right way?  I think I would input the xxx-xx-xxxx into xx-xxxxxxx format to get it efiled.

 

Thank you!

[Lion EA]

If your client is reporting less income than the total of all his Forms 1099-NEC, he will get a letter. Enter his total income.

[TexTaxToo]

Correct me if I'm wrong, but I don't think the EIN from the 1099-NEC is actually sent as part of the e-file.  The IRS just compares the total amount reported on Schedule C to the total on the Forms 1099-NEC the IRS knows about.

[Bart]

All of the transcripts I have pulled showed the EIN for any payor listed.

[Lion EA]

That's because the payor files Forms 1099-NEC with the IRS.

[Bart]

9 hours ago, TexTaxToo said:

Correct me if I'm wrong, but I don't think the EIN from the 1099-NEC is actually sent as part of the e-file.  The IRS just compares the total amount reported on Schedule C to the total on the Forms 1099-NEC the IRS knows about.

If the EIN is sent as a part of the efile the IRS can easily check the EINs

[Lee B]

The third party efiler that I use for all of my 1099s verifies the EINs and SSNs of all of the the payors and payees with the IRS before actually efiling the 1099s.

Then they send me an email if any of the EINs or SSNs are unverified.

[Lion EA]

But they don't do that for personal income tax returns you e-file, do they? I don't put payor EINs on Schedules C, B, D, F, etc., just totals or a list, as appropriate.