Are we required to issue our Contractors 1099-MISC if we use the Quickbooks Online Bill.com bill pay feature, and pay them via ACH?
QuickBooks Help Questions › Are we required to issue our Contractors 1099-MISC if we use the Quickbooks Online Bill.com bill pay feature, and pay them via ACH?
My understanding is that bill pay services like (Bill.com) are not Paypal, debit or credit card transactions. It means you need to create 1099-MISC for the Vendors/Contractors in QuickBooks.
Lynn
You can read this article for detailed information regarding 1099 issues from Bill.com.
Bill.com and Tax1099 – FAQ
https://support.bill.com/hc/en-us/articles/207499466-Bill-com-and-Tax1099-FAQ#1099-K
My understanding is that bill pay services like (Bill.com) are not Paypal, debit or credit card transactions. It means you need to create 1099-MISC for the Vendors/Contractors in QuickBooks.