1099 Reconciliation Report

A 1099 reconciliation report is a report used by businesses to ensure the accuracy and completeness of the payments made to independent contractors or vendors throughout the tax year before issuing Form 1099. This report helps verify that all payments made to vendors requiring a 1099 are properly documented and that the amounts align with the company's accounting records. It's particularly useful during tax season to catch any discrepancies and reduce errors in reporting.

You can use a 1099 reconciliation report to:

Verification. Verify vendor payments made to vendors meet the IRS reporting threshold and are accurately recorded.
Compliance. Ensures all vendors who qualify for a 1099, such as those receiving $600 or more in non-employee compensation, are accounted for.
Error prevention. Helps identify any potential errors, such as duplicate payments or incorrect amounts, before filing.
Data validation. Verifies that vendor information (for example, Tax Payer Identification Number, or TIN) is correct, ensuring smoothing IRS submissions.

In this section:

How do I print a 1099 reconciliation report? (2025.02)

I only want to view 1099s for merchant vendors. How do I do that?