Do I need anything other than Drake Accounting prior to uploading 1099/1098 files?

• Yes, see Drake Accounting - Prerequisites for e-File Functions for details.

Are there other forms that I need that are associated with electronically filing Forms 1098/1099 for an extension or waiver?

• Yes, Forms 8809 and 8508.

  • Form 8809

    • This is the extension of time to file informational returns. See Extension of Time to File Information Returns for more information.

• 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

Where do I create Forms 1098/1099?

• Forms 1099 can be created from payments through the Payables module or can be filled out in the On the Fly module within Drake Accounting. The only forms under Payables that payments flow to are the Form 1099-MISC and the 1099-NEC.

• Forms 1098 can only be created in the On the Fly module.

Which forms are available under Payables?

• The following Forms 1099 are available under Payables > Federal Forms > Form Type > Form 1099.

  • 1099-NEC

  • 1099-MISC

  • 1096

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

  • 1099-A

  • 1099-B

  • 1099-C

  • 1099-DIV

  • 1099-G

  • 1099-INT

  • 1099-MISC

  • 1099-NEC

  • 1099-OID

  • 1099-PATR

  • 1099-R

  • 1099-S

• The following Forms 1098 are available at On The Fly > Federal Forms > Form Type > Forms 1098 and W-2G.

  • 1096

  • 1098-

  • 1098-MORT

  • 1098-T

  • W-2G

General Notes

• For information about correcting an e-file, see Drake Accounting - Correcting e-Filed Forms 1099 and W-2/W-3.

• You can zoom in and out of a form using the plus or minus buttons next to the Save/Print button.

• See Drake Accounting - Adjusting Printing Alignment on Forms for information about adjusting form alignment.

• See Drake Accounting - 1099-MISC, 1099-NEC - Generate, Process, and e-File for information about filing Forms 1099/1098.