1. 1099 Year-End Processing Guide
  2. 1099 Processing

1099 Processing

The JD Edwards EnterpriseOne Accounts Payable system includes programs to produce information for Internal Revenue Service (IRS) Form 1099. The 1099 form is an income tax reporting form that the U.S. federal government uses. You send 1099 forms to suppliers who are not corporate entities, such as individuals and partnerships, and to whom you have made certain types of payments.

Follow the procedures in this guide to generate information for various 1099 forms from information that is already available in the JD Edwards EnterpriseOne Accounts Payable and General Accounting systems. This table lists and briefly describes the IRS 1099 forms:

Form

Description

1099-DIV (Dividends and Distributions)

Use this form to report investment income, such as dividends, capital gain distributions, and investment expenses.

1099-INT (Interest Income)

Use this form to report investment income, such as interest income and early withdrawal penalties.

1099-MISC (Miscellaneous Information)

Use this form to report miscellaneous information, such as rents, royalties, and medical and health care payments.
1099-G (Certain Government Payments) Use this form to report the unemployment compensation, as well as any state or local income tax refunds received in that year.
1099-NEC (Nonemployee compensation) Use this form to report the nonemployee compensation.

The JD Edwards EnterpriseOne Payroll system generates information for Form 1099-R (Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, and so on). This guide does not describe procedures for Form 1099-R.

To produce the information for the documents that the IRS requires for 1099 processing, the software includes features that enable you to:

  • Manage address and tax information for 1099 suppliers.

  • Produce the 1099 information based on data in the JD Edwards EnterpriseOne Accounts Payable system, the JD Edwards EnterpriseOne General Accounting system, or both.

  • Produce reports to review and verify 1099 data before final processing.

  • Adjust amounts for suppliers if errors are found.

  • Manage partial payments that cross over calendar years and discounts.

  • Print 1099 forms in paper format by company and distribute them to suppliers.

  • Produce 1099 returns for electronic filing.

  • File combined federal and state 1099 returns or federal 1099 returns only.

Note: Information in this guide that restates government regulations is considered accurate, but it should not be relied upon. If you have specific questions, contact the IRS Information Reporting Customer Service Site at (800-829-1040) for individuals and (800-829-4933) for businesses, or review the IRS website.

See https://www.irs.gov.