What is Quick Employer Forms?

by TurboTax•100• Updated 3 months ago

Quick Employer Forms helps small business owners create, manage, and file forms related to their employees and independent contractors. The forms include:

W-2
1099-NEC
1099-MISC
1099-INT
1099-DIV

If you operated a business (including a Schedule C/sole proprietorship, an LLC, corporation, S corp, or partnership) and you had employees or independent contractors, you need to send a W-2 to employees and a Form 1099 to independent contractors before the end of January.

Quick Employer Forms makes it easier to create and file these forms with the IRS and Social Security Administration (SSA).

For more info, see Quick Employer Forms questions.

I e-filed my forms. How will I know they were accepted by the IRS or SSA?

After e-filing your W-2 or 1099, monitor their status in the Forms tab of the corresponding business.

The form status will change from "E-File Processing" to either "E-File Accepted" or "E-File Rejected" once the form is processed. The status change can take 2 to 4 weeks.

You'll also receive an email when the status changes.

Why do I have to pay to access my prior-year Quick Employer Forms?

You can access your current-year forms for free in Quick Employer Forms through October 31. We encourage you to download and save a PDF of your completed forms.

You can regain access to prior-year Quick Employer Forms by purchasing the current tax year of TurboTax Business or Home and Business, TurboTax Online Self Employed, or TurboTax Live.

How do I file corrected Form 1099-NECs if the IRS has already accepted Form 1099-MISC?

Download and prepare one Form 1096 for the tax form 1099-NEC. You do not need to correct previously filed Form 1096 for the incorrect tax Form 1099-MISC.
Download and prepare corrected Form 1099-MISC for each recipient filed and accepted by the IRS.
1. Enter an X in the CORRECTED checkbox at the top of the form.
2. Correct the recipient information. Enter $0 in the box that the original Form 1099-MISC reported the nonemployee compensation.
Download and prepare Form 1099-NEC for each recipient filed and accepted (incorrect tax Form 1099-MISC for nonemployee compensation) by the IRS.
- Do not enter an X in the CORRECTED checkbox at the top of the form.
- Enter the recipient information. Enter the dollar amount in box 1 of the Form 1099-NEC to report the nonemployee compensation.
Send the corrected 1099-MISC and 1099-NEC forms to the recipients.
Mail the 1096 and 1099 copy A's to the address listed on the 1096 form.