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External
Since: Feb 01, 2006
Posts: 8
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(Msg. 1) Posted: Sat Feb 02, 2008 5:16 am
Post subject: 1099 & Garnishment
Archived from groups: alt>comp>software>financial>quickbooks (more info?)
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How would you get gross 1099 earnings on the form when a portion is
paid to the independent contractor and a portion to the state?
The solution I came up with is to set up a bank type account I'll call
garnishment. Pay the independent contractor the state's portion from
the garnishment bank account. Pay the remaining balance due the
independent contractor from a regular bank account. Pay the state from
a regular bank account and charge the payment to the garnishment bank
account.
Any one have a better solution?
I searched this group before posting. A few years ago, some of the
usual suspects thought a garnishee had to be an employee. Let's not
revisit that.
Macy |
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External
Since: Dec 16, 2007
Posts: 71
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(Msg. 2) Posted: Sat Feb 02, 2008 10:30 am
Post subject: Re: 1099 & Garnishment [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Macy" <xerb RemoveThis @cox.net> wrote in message
news:usp8q3t9ptli6qlnl7l0uqkl8v5ecigefm@4ax.com...
> How would you get gross 1099 earnings on the form when a portion is
> paid to the independent contractor and a portion to the state?
>
> The solution I came up with is to set up a bank type account I'll call
> garnishment. Pay the independent contractor the state's portion from
> the garnishment bank account. Pay the remaining balance due the
> independent contractor from a regular bank account. Pay the state from
> a regular bank account and charge the payment to the garnishment bank
> account.
>
> Any one have a better solution?
I do.
>
> I searched this group before posting. A few years ago, some of the
> usual suspects thought a garnishee had to be an employee. Let's not
> revisit that.
>
> Macy |
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External
Since: Dec 16, 2007
Posts: 71
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(Msg. 3) Posted: Sat Feb 02, 2008 11:00 am
Post subject: Re: 1099 & Garnishment -Allan Martin Black Belt being offered. [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Allan Martin" <Allan DeleteThis @Badboy.com> wrote in message
news:47a48ca5$0$25038$607ed4bc@cv.net...
>
> "Macy" <xerb DeleteThis @cox.net> wrote in message
> news:usp8q3t9ptli6qlnl7l0uqkl8v5ecigefm@4ax.com...
>> How would you get gross 1099 earnings on the form when a portion is
>> paid to the independent contractor and a portion to the state?
>>
>> The solution I came up with is to set up a bank type account I'll call
>> garnishment. Pay the independent contractor the state's portion from
>> the garnishment bank account. Pay the remaining balance due the
>> independent contractor from a regular bank account. Pay the state from
>> a regular bank account and charge the payment to the garnishment bank
>> account.
>>
>> Any one have a better solution?
>
> I do.
One more thing, your method sucks big time. What in the world were you
thinking. I am always amazed by how much extra work end users make for
themselves.
I am offering the Allan Martin Black Belt to the person or persons who come
up with the same method I have.
>
>
>>
>> I searched this group before posting. A few years ago, some of the
>> usual suspects thought a garnishee had to be an employee. Let's not
>> revisit that.
>>
>> Macy
> >> Stay informed about: 1099 & Garnishment |
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External
Since: Feb 01, 2006
Posts: 8
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(Msg. 4) Posted: Sat Feb 02, 2008 2:44 pm
Post subject: Re: 1099 & Garnishment [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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On Sat, 2 Feb 2008 10:30:37 -0500, "Allan Martin" <Allan.DeleteThis@Badboy.com>
wrote:
>
>"Macy" <xerb.DeleteThis@cox.net> wrote in message
>news:usp8q3t9ptli6qlnl7l0uqkl8v5ecigefm@4ax.com...
>> How would you get gross 1099 earnings on the form when a portion is
>> paid to the independent contractor and a portion to the state?
>>
>> The solution I came up with is to set up a bank type account I'll call
>> garnishment. Pay the independent contractor the state's portion from
>> the garnishment bank account. Pay the remaining balance due the
>> independent contractor from a regular bank account. Pay the state from
>> a regular bank account and charge the payment to the garnishment bank
>> account.
>>
>> Any one have a better solution?
>
>I do.
>
A usual suspect showed up.
>
>>
>> I searched this group before posting. A few years ago, some of the
>> usual suspects thought a garnishee had to be an employee. Let's not
>> revisit that.
>>
>> Macy >> Stay informed about: 1099 & Garnishment |
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External
Since: Feb 25, 2005
Posts: 179
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(Msg. 5) Posted: Sat Feb 02, 2008 7:26 pm
Post subject: Re: 1099 & Garnishment -Allan Martin Black Belt being offered. [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Allan Martin" <Allan.TakeThisOut@Badboy.com> wrote in message
news:47a49393$0$25062$607ed4bc@cv.net...
>
> "Allan Martin" <Allan.TakeThisOut@Badboy.com> wrote in message
> news:47a48ca5$0$25038$607ed4bc@cv.net...
>>
>> "Macy" <xerb.TakeThisOut@cox.net> wrote in message
>> news:usp8q3t9ptli6qlnl7l0uqkl8v5ecigefm@4ax.com...
>>> How would you get gross 1099 earnings on the form when a portion is
>>> paid to the independent contractor and a portion to the state?
>>>
>>> The solution I came up with is to set up a bank type account I'll call
>>> garnishment. Pay the independent contractor the state's portion from
>>> the garnishment bank account. Pay the remaining balance due the
>>> independent contractor from a regular bank account. Pay the state from
>>> a regular bank account and charge the payment to the garnishment bank
>>> account.
>>>
>>> Any one have a better solution?
>>
>> I do.
>
> One more thing, your method sucks big time. What in the world were you
> thinking. I am always amazed by how much extra work end users make for
> themselves.
>
> I am offering the Allan Martin Black Belt to the person or persons who
> come up with the same method I have.
Here's how I would do it....Cut a check for the ICs for the net amount. Then
cut a second check using the ICs vendor name but change the address box to
be the state agency.
I'm not sure it would fly with the state but I am drawing a blank as to how
to cut 2 checks for the same vendor ID with different "to the order of"
entries.
If I was to use 2 vendor names I could fudge the numbers at year end so the
gross amount showed up under the ICs name so that is always an alternative.
>
>
>
>>
>>
>>>
>>> I searched this group before posting. A few years ago, some of the
>>> usual suspects thought a garnishee had to be an employee. Let's not
>>> revisit that.
>>>
>>> Macy
>>
> >> Stay informed about: 1099 & Garnishment |
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External
Since: Dec 16, 2007
Posts: 71
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(Msg. 6) Posted: Sat Feb 02, 2008 7:26 pm
Post subject: Re: 1099 & Garnishment -Allan Martin Black Belt being offered. [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Laura" <invalid.TakeThisOut@sample.invalid> wrote in message
news:4u3pj.191633$MJ6.16092@bgtnsc05-news.ops.worldnet.att.net...
>
> "Allan Martin" <Allan.TakeThisOut@Badboy.com> wrote in message
> news:47a49393$0$25062$607ed4bc@cv.net...
>>
>> "Allan Martin" <Allan.TakeThisOut@Badboy.com> wrote in message
>> news:47a48ca5$0$25038$607ed4bc@cv.net...
>>>
>>> "Macy" <xerb.TakeThisOut@cox.net> wrote in message
>>> news:usp8q3t9ptli6qlnl7l0uqkl8v5ecigefm@4ax.com...
>>>> How would you get gross 1099 earnings on the form when a portion is
>>>> paid to the independent contractor and a portion to the state?
>>>>
>>>> The solution I came up with is to set up a bank type account I'll call
>>>> garnishment. Pay the independent contractor the state's portion from
>>>> the garnishment bank account. Pay the remaining balance due the
>>>> independent contractor from a regular bank account. Pay the state from
>>>> a regular bank account and charge the payment to the garnishment bank
>>>> account.
>>>>
>>>> Any one have a better solution?
>>>
>>> I do.
>>
>> One more thing, your method sucks big time. What in the world were you
>> thinking. I am always amazed by how much extra work end users make for
>> themselves.
>>
>> I am offering the Allan Martin Black Belt to the person or persons who
>> come up with the same method I have.
>
> Here's how I would do it....Cut a check for the ICs for the net amount.
> Then cut a second check using the ICs vendor name but change the address
> box to be the state agency.
>
> I'm not sure it would fly with the state but I am drawing a blank as to
> how to cut 2 checks for the same vendor ID with different "to the order
> of" entries.
>
> If I was to use 2 vendor names I could fudge the numbers at year end so
> the gross amount showed up under the ICs name so that is always an
> alternative.
You left out the part where you would also get up at 5:00 AM each day and
sacrifice a live goat to the Intuit Gods.
This makes me want to roll up a newspaper, wet it, and smack you upside
your heard and "yell bad end user, bad end user".
No black belt for Laura today.
Keep it simple folks, keep it simple.
>
>>
>>
>>
>>>
>>>
>>>>
>>>> I searched this group before posting. A few years ago, some of the
>>>> usual suspects thought a garnishee had to be an employee. Let's not
>>>> revisit that.
>>>>
>>>> Macy
>>>
>>
> >> Stay informed about: 1099 & Garnishment |
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External
Since: Aug 15, 2006
Posts: 10
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(Msg. 7) Posted: Sun Feb 03, 2008 10:00 pm
Post subject: Re: 1099 & Garnishment [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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Macy wrote:
> How would you get gross 1099 earnings on the form when a portion is
> paid to the independent contractor and a portion to the state?
Found the following at the Quickbooks community support web (the one you
get to through QB help):
> Replying to: akirson (Oct 13, 2007 6:38 am) Set up a liability
> account such as "Garnished Wages" (Other Current Liability). When
> you create the check, enter the full amount of $800.00 on the first
> line(i.e. "Contract Labor" $800.00). Then add a 2nd line using the
> "Garnished Wages" account you created and enter -$200.00. the check
> should then reflect an amount of $600.00 paid to the Laborer, and
> $200.00 will be in the liability account to be paid to the court
> trustee. The full $800.00 will be reported on the 1099 which I assume
> you have set up.
There was also a mention to use account mapping for 1099's -- meaning, I
suppose, don't map the garnishment account to the 1099. Worked for me,
when I tested it.
-Mark Bole >> Stay informed about: 1099 & Garnishment |
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External
Since: Feb 01, 2006
Posts: 8
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(Msg. 8) Posted: Mon Feb 04, 2008 6:37 am
Post subject: Re: 1099 & Garnishment [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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That was easy. Thanks Mark
On Mon, 04 Feb 2008 01:50:55 GMT, Mark Bole <makbo.DeleteThis@pacbell.net> wrote:
>Macy wrote:
>> How would you get gross 1099 earnings on the form when a portion is
>> paid to the independent contractor and a portion to the state?
>
>Found the following at the Quickbooks community support web (the one you
>get to through QB help):
>
>> Replying to: akirson (Oct 13, 2007 6:38 am) Set up a liability
>> account such as "Garnished Wages" (Other Current Liability). When
>> you create the check, enter the full amount of $800.00 on the first
>> line(i.e. "Contract Labor" $800.00). Then add a 2nd line using the
>> "Garnished Wages" account you created and enter -$200.00. the check
>> should then reflect an amount of $600.00 paid to the Laborer, and
>> $200.00 will be in the liability account to be paid to the court
>> trustee. The full $800.00 will be reported on the 1099 which I assume
>> you have set up.
>
>There was also a mention to use account mapping for 1099's -- meaning, I
>suppose, don't map the garnishment account to the 1099. Worked for me,
>when I tested it.
>
>-Mark Bole
> >> Stay informed about: 1099 & Garnishment |
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External
Since: Dec 16, 2007
Posts: 71
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(Msg. 9) Posted: Mon Feb 04, 2008 9:17 am
Post subject: Re: 1099 & Garnishment - we have a winner [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Mark Bole" <makbo.DeleteThis@pacbell.net> wrote in message
news:3cupj.2893$0w.716@newssvr27.news.prodigy.net...
> Macy wrote:
>> How would you get gross 1099 earnings on the form when a portion is
>> paid to the independent contractor and a portion to the state?
>
> Found the following at the Quickbooks community support web (the one you
> get to through QB help):
>
>> Replying to: akirson (Oct 13, 2007 6:38 am) Set up a liability
>> account such as "Garnished Wages" (Other Current Liability). When
>> you create the check, enter the full amount of $800.00 on the first
>> line(i.e. "Contract Labor" $800.00). Then add a 2nd line using the
>> "Garnished Wages" account you created and enter -$200.00. the check
>> should then reflect an amount of $600.00 paid to the Laborer, and
>> $200.00 will be in the liability account to be paid to the court
>> trustee. The full $800.00 will be reported on the 1099 which I assume
>> you have set up.
>
> There was also a mention to use account mapping for 1099's -- meaning, I
> suppose, don't map the garnishment account to the 1099. Worked for me,
> when I tested it.
>
> -Mark Bole
Yes, that is what I am talking about. The Allan Martin Black Belt goes the
Mark. Be proud Mark you habve distinguished yourself.
Naturally mapping the liability to a 1099 account makes no sense. QB will
treats the negative offset to the liability account as an instant payment of
the vendor's gross, as it should.
This solution is simple to the point does not involve setting up an extra
bank account (What was she thinking?) or changing addresses and no goats
have to be harmed.
>
> >> Stay informed about: 1099 & Garnishment |
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External
Since: Feb 01, 2006
Posts: 8
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(Msg. 10) Posted: Mon Feb 04, 2008 9:17 am
Post subject: Re: 1099 & Garnishment - we have a winner [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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External
Since: Dec 16, 2007
Posts: 71
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(Msg. 11) Posted: Mon Feb 04, 2008 9:54 am
Post subject: Re: 1099 & Garnishment - we have a winner [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Macy" <xerb.RemoveThis@cox.net> wrote in message
news:7q8eq3ln0asbjf6m22fed494cucjosih9g@4ax.com...
> If you are refering to me Allan, I am a he.
I stand corrected.
>
> Macy
>
> On Mon, 4 Feb 2008 09:17:00 -0500, "Allan Martin" <Allan.RemoveThis@Badboy.com>
> wrote:
>
>>What was she thinking?
> >> Stay informed about: 1099 & Garnishment |
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External
Since: Feb 01, 2006
Posts: 8
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(Msg. 12) Posted: Mon Feb 04, 2008 9:54 am
Post subject: Re: 1099 & Garnishment - we have a winner [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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My new signiture line for this group. Thanks Allan
Macy
On Mon, 4 Feb 2008 09:54:17 -0500, "Allan Martin" <Allan DeleteThis @Badboy.com>
wrote: "I stand corrected."
On Mon, 4 Feb 2008 09:54:17 -0500, "Allan Martin" <Allan DeleteThis @Badboy.com>
wrote:
>
>"Macy" <xerb DeleteThis @cox.net> wrote in message
>news:7q8eq3ln0asbjf6m22fed494cucjosih9g@4ax.com...
>> If you are refering to me Allan, I am a he.
>
>I stand corrected.
>
>>
>> Macy
>>
>> On Mon, 4 Feb 2008 09:17:00 -0500, "Allan Martin" <Allan DeleteThis @Badboy.com>
>> wrote:
>>
>>>What was she thinking?
>> >> Stay informed about: 1099 & Garnishment |
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External
Since: Aug 16, 2006
Posts: 16
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(Msg. 13) Posted: Mon Feb 04, 2008 3:02 pm
Post subject: Re: 1099 & Garnishment -Allan Martin Black Belt being offered. [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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>
> I am offering the Allan Martin Black Belt to the person or persons who
> come up with the same method I have.
I believe you are referring to the Allan Martin Black Heart, not belt. >> Stay informed about: 1099 & Garnishment |
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External
Since: Dec 16, 2007
Posts: 71
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(Msg. 14) Posted: Mon Feb 04, 2008 3:02 pm
Post subject: Re: 1099 & Garnishment -Allan Martin Black Belt being offered. [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Gil Faver" <rowdy'sboss@xxyz.com> wrote in message
news:rnIpj.197080$MJ6.181216@bgtnsc05-news.ops.worldnet.att.net...
> >
>> I am offering the Allan Martin Black Belt to the person or persons who
>> come up with the same method I have.
>
> I believe you are referring to the Allan Martin Black Heart, not belt.
Once I elevated the OP's post to black belt status he got an answer.
>
> >> Stay informed about: 1099 & Garnishment |
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External
Since: Feb 01, 2006
Posts: 8
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(Msg. 15) Posted: Mon Feb 04, 2008 3:02 pm
Post subject: Re: 1099 & Garnishment -Allan Martin Black Belt being offered. [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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Allan, are you saying I would not have received an answer without your
intervention? If so, thank you.
Is there a way to cut out the middle man? If so, please explain.
Macy
On Mon, 4 Feb 2008 09:54:17 -0500, "Allan Martin" <Allan DeleteThis @Badboy.com>
wrote: "I stand corrected."
On Mon, 4 Feb 2008 13:13:16 -0500, "Allan Martin" <Allan DeleteThis @Badboy.com>
wrote:
>
>"Gil Faver" <rowdy'sboss@xxyz.com> wrote in message
>news:rnIpj.197080$MJ6.181216@bgtnsc05-news.ops.worldnet.att.net...
>> >
>>> I am offering the Allan Martin Black Belt to the person or persons who
>>> come up with the same method I have.
>>
>> I believe you are referring to the Allan Martin Black Heart, not belt.
>
>Once I elevated the OP's post to black belt status he got an answer.
>
>
>>
>> >> Stay informed about: 1099 & Garnishment |
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