Year-End Processing
Use the screens in the Year-End processing application group to create and manage your 1099s to be used for reporting vendor payments to the United States' Internal Revenue Service
Related Topics:
1099 is the name of the form used to report vendor payments to the United States' Internal Revenue Service.
Costpoint calculates 1099 income when you run the Create 1099 Information screen. This section discusses the steps involved when calculating 1099 income.
Electronic Filing/Magnetic Media Overview
If you print more than 250 1099s, you are required to file 1099 information electronically with the IRS.
Use this screen to configure state tax information for your company's taxable entities.
Use this screen to create the information that is used to print 1099s.
Use this report to review your 1099 information for discrepancies before you print 1099s.
Use this screen to view, edit, and add 1099 income information for pay vendors by taxable entity.
Edit 1099 Correction Information
Use this screen to view, edit, add, delete, and accept correcting information for previously created 1099 records.
Print/Create 1099s and Magnetic Media
Use this screen to print 1099s or to create a magnetic media file of 1099 information.