WS:04: Correct F1099T to IRS with Type Code of C
(Doc ID 2134963.1)
Last updated on FEBRUARY 01, 2019
Applies to:JD Edwards World Accounts Payable - Version A9.1 and later
Information in this document applies to any platform.
According to IRS pub 1220 it says an incorrect Federal Tax ID requires a two-transaction correction. They want you to send a file first showing the incorrect Federal Tax ID with the amount set to zero and marked as corrected. So for that one you would set the amount to 0 in the 1099 adjustment screen but leave the incorrect federal tax id and then create your F1099T with the G in the Corrected/Test Return field in the Write Media Screen and it will populate that G in position 6 on the B record. You then can save the file or submit it because when you create the second F1099T it will clear the file and recreate it. On the second F1099T the IRS wants you to create the file with the CORRECT Federal Tax Id and the amount populated and the Corrected/Test Return field with a Value of C.
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document