On the form, you specify the 1099 year, your firm's Federal tax ID number, name, and address, and the minimum recipient payment amount.
Contents
| 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 firm’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.
|
| PAYER's name
|
This field displays your firm's name, from the General tab in
.
|
| PAYER's address and telephone no.
|
Enter the address to display for your firm on the 1099:
-
Company — Enter the Company name if
Check Payee was selected in Accounting Configuration.
-
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 firm whom your vendors can call about their 1099s.
|
| Minimum RECIPIENT Payments
|
Enter the minimum amount paid to a vendor to make it necessary to send the vendor a 1099.
|
