My Oracle Support Banner

AP: How is Oracle Payables Handling the IRS Mandated Changes for the 2020 Tax Year and Form 1099-NEC? (Doc ID 2626968.1)

Last updated on MARCH 26, 2020

Applies to:

Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

The Internal Revenue Service (IRS) has published the changes for the 2020 tax year.  The changes will result in Box 7 being removed from the 1099-MISC form, and that information will be recorded on a new form, called the 1099-NEC.  What does Oracle Payables plan do to about these changes, and when will this occur?


 

Solution

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
Goal
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.