1099 Summary

The 1099 Summary Report provides you the information necessary to correctly report information to the IRS on fees paid to specific vendors.  The report provides the data in a format where you can adjust the totals properly and then prepare the 1099 forms as a result.

The system will ask you for the year you wish to process.  This will be specific to the Tax year and is usually not the current year.  Then it will provide a detailed summary of all activity for your vendors.