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15062: Forms 1099 - Frequently Asked Questions (DAS)


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Drake Accounting®: Choose from the following FAQs about Forms 1099.

 

Click on one of the following links to scroll to that question

  1. Do I need anything other than Drake Accounting® to upload 1099-MISC files?
  2. What do I receive from the IRS once I’m approved to electronically file the 1099-MISC?
  3. Can I transmit a 1099-MISC while I am waiting for the TCC?
  4. Can I submit Form 4419 without a signature?
  5. Are there other forms that I need that are associated with electronically filing the 1099-MISC?
  6. Where do I create the 1099?
  7. Which forms are available under Payables?
  8. Which forms are available through On the Fly?

  1. Do I need anything other than Drake Accounting® to upload 1099-MISC files?

    • Yes. File Form 4419 at least 45 days before the due date of the return to apply for a Transmitter Control Code (TCC).
  2. What do I receive from the IRS once I’m approved to electronically file the 1099-MISC?

    • The IRS sends you a TCC (Transmitter Control Code). If you don’t receive a reply within 45 days, call the IRS’s Martinsburg Computing Center toll free at (866) 455-7438 between 8:30 am and 4:30 pm ET.
  3. Can I transmit a 1099-MISC while I am waiting for the TCC?

    • No. You cannot transmit until after you have received the TCC from the IRS.
  4. Can I submit Form 4419 without a signature?

    • No. The IRS does not issue the TCC without a valid signature.
  5. Are there other forms that I need that are associated with electronically filing the 1099-MISC?

    • Yes, Forms 8809 and 8508.
      • Form 8809
        • This is the extension of time to file informational returns.
        • This form must be filed by the due date of the 1099-MISC.
      • Form 8508 - This requests a waiver from filing informational returns electronically.
        • It must be filed at least 45 days prior to the due date of the returns for which you are requesting a waiver.
        • If you do not file and do not have an approved waiver on record, a penalty of $50 per return can be levied.
  6. Where do I create the 1099?

    • Forms 1099 can be created from payroll through the Payables module or can be filled out in the On the Fly module within Drake Accounting®.
  7. Which forms are available under Payables?

    • The following Forms 1099 are available under Payables > 1099-MISC > Form Type > Form 1099.
      • 1099-NEC 
      • 1099-MISC
      • 1096
  8. Which forms are available through On the Fly?

    • The following Forms 1099 are available under On The Fly > Federal Forms > Form Type > Form 1099.
      • 1096
      • 1098-C
      • 1098-MORT
      • 1098-T
      • 1099-A
      • 1099-B
      • 1099-C
      • 1099-DIV
      • 1099-INT
      • 1099-MISC
      • 1099-NEC
      • 1099-OID 
      • 1099-PATR
      • 1099-R
      • 1099-S

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