Feature Article: 1099 Changes for Tax Year 2022

January 2023    Tags: 1099s, Accounts Payable, Trust Accounting

The IRS changed the layout of Form 1099-MISC and Form 1099-NEC for tax year 2022. Tabs3 Trust Accounting (Trust) and Accounts Payable (AP) have been updated to print using the new form layouts. To ensure compatibility, order your forms from Nelco®. These forms are guaranteed to be 100% compatible with Tabs3 Software. You can order forms by calling 1-800-266-4669 or visiting NelcoSolutions.com/Tabs3.

Additionally, the Tabs3 E-file feature has been updated to support the state of Alabama’s requirement for the State income amount to be filled in. See KB Article R11922, “Form 1099-MISC and Form 1099-NEC Changes for Tax Year 2022” for additional information.

Update to Version 22.2.15 or later for changes to 1099s.

Note: Due to the form changes, you will not be able to print 1099 forms for tax year 2021 or prior after updating. The 1099 Report can still be used to gather information for prior year.