New 1099 Regs – Online Bill Pay is still reported on a 1099-MISC

I got off the phone with the IRS and have an answer: online bill pay is still 1099-MISC, not 1099-K. This is very good news as it uncomplicates things a bit if you have paid contractors partially with regular checks and partially with online bill pay.. The IRS, in...

QuickBooks 2012 for Mac Helpful for 1099’s

After my crazy last few months, I just installed QuickBooks 2012 for Mac and tested it to see if it’s handling of 1099’s is better than the previous versions, which would not allow the user to check off that a vendor was eligible for a 1099 unless an...

OS Lion & QuickBooks 2009/2010, Was Intuit Being Overly Cautious?

Because of all the business travel I’ve been doing lately, I decided to get a new MacBook Pro, but because of Intuits’ statement that any versions of QuickBooks prior to 2011 would not work on OS Lion, I requested Snow Leopard. Of course once I got all my...

OS Lion & QuickBooks 2009/2010, Was Intuit Being Overly Cautious?

Because of all the business travel I’ve been doing lately, I decided to get a new MacBook Pro, but because of Intuits’ statement that any versions of QuickBooks prior to 2011 would not work on OS Lion, I requested Snow Leopard. Of course once I got all my...