Setting Up the Person/Corporation Code and the Tax ID Number for a Supplier

Access the Supplier Master Revision form, and select the Tax Information tab.

Person/Corporation

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: Noncorporate 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: Noncorporate entity

• 5: Customs authority

Tax ID

Enter an identification code, which can be an SSN, federal or state corporate tax ID, sales tax number, and so on. The code is required by various tax authorities. The system verifies the number and prints the separators in the correct format, according to the value of TAXC (Person/Corporation Code). If no value exists for TAXC, the system uses the corporate entity.