- Knowledge Base Categories:
- School Accounting System
- Accounts Payable
FAQ: How does the software handle filing 1099-NEC and 1099-MISC forms with the new IRS electronic filing requirement?
With the new Internal Revenue Service requirement for filing 1099-NEC and 1099-MISC forms electronically if the total number of information returns to file equals 10 or more (reminder, to determine the total number of forms, employers must add the number of 1099s and W2s to be filed, along with the other forms stipulated by the IRS; click here to see the full list), the School Accounting System was updated to have a direct connection to the IRS’s application in order to submit the initial file of 1099-NEC and 1099-MISC information, and any corrected files, if applicable. With the application-to-application connection, the process to file 1099s electronically to the IRS is very simple and secure, and does NOT require any pre-authorization or approval process.
Because of the new filing requirement and the simplicity of filing electronically from within the School Accounting System, all users will file the 1099 information returns electronically. Keep in mind, since all users are required to file 1099s electronically to the IRS, do NOT purchase any Copy A preprinted 1099-NEC or 1099-MISC forms. If needed, click here to view a FAQ on whether to purchase forms for 1099s, W2s, 1095s, and 1094s.
For the applicable states in which our customers are located, the option to create a file to submit the 1099 information returns electronically to the state is still available if needed.