1099 Processing Option Setup (P04510STUP)

Processing Option	Processing Options Requiring Further Description
CALENDAR YEAR:
1. Enter calendar year for 1099's. (e.g. Enter 24 for 2024.) All DREAM Writer selections throughout the 1099 process must be set up to select payment year equal to this same year, where applicable.
DATA SPECIFICS
2. Enter the Phone Type to be used to retrieve the Payer's phone number which appears on Preview and Write Media reports and forms. If left blank, the main phone number will be used.
ALTERNATE/RELATED ADDRESS COMBINING:
3. Enter the value that indicates which address to be used for combining under one Payer mailing name and address. If left blank or the indicated address is not found, the original address number name and location will be used.
ALTERNATE/RELATED ADDRESS COMBINING Cont
4. Enter '1' to assign Company Combining Address (CCMB) Tax ID as the workfile Federal Tax ID (EIN). If left blank, Company Address Tax ID will be used.	If you cannot assign the same EIN to the company address book records that you want to combine, you can still perform the combining function by setting this processing option to 1. By using this setting, the system assigns the company's combining address tax ID (CCMB) as the tax ID (EIN) to the corresponding combining records in the 1099 workfiles.
5. Enter '1' to assign Supplier Combining Address (SCMB) Tax ID as the workfile Tax ID (TAX). If left blank, the Supplier Tax ID will be used.	If you cannot assign the same TIN to the supplier address book records that you want to combine, you can still perform the combining function by setting this processing option to 1. By using this setting, the system assigns the supplier's combining address tax ID (SCMB) as the tax ID (TIN) to the corresponding combining records in the 1099 workfiles.
6. Enter '1' to use Supplier Combining Address (SCMB) A/B Info to update workfile AT1-5 and Cat Codes. If left blank, Supplier A/B Info will be used.
1099 - MISC MINIMUM AMOUNTS:
7. Enter the minimum amount for the following boxes: Rents Royalties Other Income Medical and health care payments Nonqualified deferred compensation Substitute Payments Direct Sales Crop Insurance Proceeds Gross Proceeds paid to Attorney
1099 - MISC AGGREGATE MINIMUM AMOUNT
8. Enter the minimum amount to use to compare to the aggregate total of all Miscellaneous 1099 reportable amounts. If an aggregate minimum amount is entered then individual minimums are ignored.	For example, if you specify 600 in this processing option, the system compares 600 against the total amount for all boxes on the 1099-MISC form. If the amount exceeds 600, then the system generates a return. The system ignores the minimum amounts specified for individual boxes when you specify an amount in this processing option.
INTEREST MINIMUM AMOUNTS:
9. Enter the minimum amount for the following boxes: Interest income not included in Box 3. Interest on U.S. Savings Bonds and Treas. obligations. (Box 3) Tax-exempt interest (Box 8) Specified private activity bond interest (Box 9) Market Discount - $10 minimum (Box 10)
DIV MINIMUM AMOUNTS:
10. Enter the minimum amount for the following boxes: (Updated for 1099) Gross Dividends and Capital Gain Dist Cash Liquid Distributions (Box 9) NonCash Liquid Distributions (Box 10) ** For Capital Gain Dist. the minimum amount will be compared to the total of boxes 2a thru 2d.
NEC MINIMUM AMOUNTS:
11. Enter the minimum amount for the following boxes: Nonemployee Compensation