1. Using Payables Invoice to Pay
  2. US 1099 Report

US 1099 Report

Report on the total 1099-MISC and 1099-NEC payments for a particular United States (US) 1099 supplier. Generate US 1099 forms on preformatted forms from the Internal Revenue Service for each tax reporting entity in your organization.

Tip: Voided checks aren't included in US 1099 payment totals, regardless of when the payment was voided.

In accordance with Internal Revenue Service rules, a 1099 form isn't generated unless you paid a supplier at least 600 USD for a calendar year. However, a US 1099 form is generated for a supplier if you do any of the following:

1099-MISC 1099-NEC

At least 10 USD payment in royalties to a US 1099 supplier (Box 2)

At least 600 USD payment for:

  • Nonemployee compensation (Box 1)

At least 600 USD payment for:

  • Rents (Box 1)

  • Other income (Box 3)

  • Medical and health care payments (Box 6)

  • Crop insurance proceeds (Box 9)

  • Fish purchased for resale (Box 11)

Any amount paid for:

  • Fishing boat proceeds (Box 5)

  • Substitute payments in lieu of dividends or interest (Box 8)

  • Gross proceeds to an attorney for legal services (Box 10)

  • Section 409A deferrals (Box 12)

  • Excess golden parachute payments (Box 14)

  • Nonqualified deferred compensation (Box 15)

The report includes payments for invoice distributions that have one of the following values in the Income Tax Type field in the 1099 form:

1099-MISC 1099-NEC
MISC types 1 through 18 (except for MISC9) MISC7

The report stops and reports an error if any of the following exceptions occur:

  • Nonstandard tax identification number (TIN)

  • Null Address Element

  • Null Foreign Address

  • Null State

  • Null TIN

Note: The report stops and records negative miscellaneous totals in the log file.

You can run this report from the Manage Scheduled Processes page.

Before running the report:

  • Account for the invoices.

  • Submit the US 1099 Invoice Exceptions and the US 1099 Supplier Exceptions reports. Review the reports and make any necessary corrections.

  • Insert and align the US 1099 forms in your printer.

Parameters

Business Unit

Specify a business unit.

From Accounting Date, To Accounting Date

Specify an inclusive accounting date range.

Tax Reporting Entity

Specify the name of a tax reporting entity.

Payer Phone

Enter the phone for the person in your organization who the payee should call for questions about the US 1099 form.

Supplier Name

Enter a supplier name or leave blank to report all suppliers.

Balancing Segment Source

Specify the account to use to determine the balancing segment associated with the invoice.

  • Invoices. Uses the charge account on the invoice distribution.

  • Payments. Uses the bank cash account from the invoice payment.

Federal Reporting Limit

The minimum amount to report US 1099 miscellaneous payments and nonemployee compensation to your suppliers.

Order By

Select whether to order the report alphabetically by state code or by the reporting name of the supplier.