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R12: AP: Oracle Payables' Plans For 1099 Reporting in the Current Tax Year (Doc ID 209913.1)

Last updated on FEBRUARY 04, 2025

Applies to:

Oracle Payables - Version 11.5.10.2 and later
Information in this document applies to any platform.

Purpose

This document discusses the changes for the Form 1099-MISC and the Form 1099-NEC according to the new specifications for tax year 2024 published by the US Internal Revenue Service (IRS) and its impact on the users of Oracle Payables.  It is constantly updated as new IRS changes / specifications are published and these are implemented and released (via Patches) by Oracle Development.

Details

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