On the form, you specify the 1099 year, your enterprise's Federal tax ID number, name, and address, and the minimum recipient payment amount.
Header Section
| Field | Description |
|---|
| Active Company
|
If you have multiple companies set up in
Vantagepoint, the name of the active company displays in the upper-left corner of the form.
|
1099 Information Section
| 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.
|
Payer's Name and Address Section
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 information 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 Payments tab of the Accounts Payable form (.
-
Address lines: Use the two Address lines to enter address information.
-
City/State/ZIP: Enter your city, state, and ZIP code.
-
Phone: Enter the telephone number of the person at your enterprise whom your vendors can call about their 1099s.
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