On the form, you specify the 1099 year, your enterprise's Federal tax ID number, name, and address, and the minimum recipient payment amount.
1099 Information
| Field | Description |
|---|
| Processing 1099 Year
|
Enter the processing year for which to generate the 1099. This field usually displays the current accounting year. To specify a prior accounting year, select it from the drop-down list.
|
| Payer's Federal Identification Number
|
Enter your enterprise’s Federal tax identification number. The Federal government gives this number to your company. If you do not know what this number is for your company,
contact the Internal Revenue Service.
|
| Minimum Recipient Payments
|
Enter the minimum amount paid to a
vendor to make it necessary to send the
vendor a 1099.
|
| FATCA Filing Requirement
|
Select this checkbox if the Foreign Account Tax Compliance Act (FATCA)...
|
Payer's Name and Address
These fields display the payer's name, address, and phone number.
| Field | Description |
|---|
| Payer's name
|
This field displays your enterprise's name, from the General tab of the General Company Settings form ().
|
| Address
|
Enter the address and relevant inofrmation to display for your enterprise on the 1099:
-
Company: Enter the company name if you selected a setting for the
Payment Payee option on the
Accounts Payable tab of the System AP Configuration form ().
-
Address lines: Use the two Address lines to enter address information.
-
City/State/ZIP: Enter your city, state, and ZIP code.
-
Telephone No.: Enter the telephone number of the person at your enterprise whom your
vendors can call about their 1099s.
|
