Setting Up Person/Corporation Code

Access the Address Book Revisions form.

Select Additional 1 tab and complete these fields:

• Person/Corporation Code

  Enter a code that designates the type of taxpayer. For 1099 reporting, for U.S. suppliers and foreign suppliers, the system selects only those records that have a code of P or N. Values for U.S. entities are:

  Blank or C: Corporate entity (the Tax ID prints as 12-3456789)

  P: Individual (the Tax ID prints as 123-45-6789)

  N: Non-corporate entity (the Tax ID prints as 12-3456789)

  Values for non-U.S. entities are:

  1: Individual

  2: Corporate entity

  3: Both an individual and a corporate entity

  4: Non-corporate entity

  5: Customs authority

• Add'l Ind Tax ID (Additional Individual Tax ID)

  Enter an identification number that a tax authority has assigned to an individual, in addition to the primary Tax ID number (TX1).

• Payables Y/N/M

  Select F to indicate that the Company (Payer) is a foreign Company.