1096 Form
Submit the 1096 Form report to print an annual summary of total 1099 payments for a particular 1099 MISC type, for all 1099 suppliers. The United States Internal Revenue Service requires that you send them one 1096 form for each type of 1099 payment you use. Payables prints the report on preformatted forms from the Internal Revenue Service.
Payables summarizes all payments of 1099 MISC reportable invoice distributions you made to 1099 suppliers, and prints a 1096 Form. You can submit the 1096 Form for each of your tax reporting entities.
Prerequisite
Insert and align the 1096 forms in your printer.
Report Submission
You submit this report from the Submit Request window. See: Submitting Standard Reports, Programs, and Listings.
Selected Report Parameters
Tax Reporting Entity. The name of the reporting entity for which you want to submit the 1096 Form report.
Payer Name Source. The source from which Payables obtains the payer name for the report.
- Address. Address line 1 for the address entered in the Location window.
- Location. Location Name entered in the Location window.
- Tax Entity. Entity Name entered in the Reporting Entity window.
Selected Form Headings
FILER'S name, street address, city, state, and ZIP code. The name and address of your tax reporting entity. You can define the name and location of your tax reporting entity in the Location form. You then assign the location to your tax reporting entity in the Reporting Entity window. Payables prints the name according to the Payer Name Source parameter you choose.
1 Employer identification number. The tax identification number of the tax reporting entity. You enter this tax identification number when you define your tax reporting entities.
2 Social security number. Not used.
3 Total number of documents. The total number of 1099 MISC forms that you created for 1099 suppliers.
4 Federal income tax withheld. In a future release of Payables, you will be able to report on the amount of federal income tax withheld for a 1099 supplier.
5 Total amount reported with this Form 1096. Total amount of 1099 MISC payments.
Check only one box below. Payables prints an X in the 1099-MISC box since Payables reports only for 1099 MISC types.
See Also
Site Locations
1099 Reporting Overview
Reporting Entities
Common Report Parameters
Common Report Headings
