AP 1099 Patches For Tax Year 2020
(Doc ID 2626968.1)
Last updated on JANUARY 08, 2020
Applies to:Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.
Are there any 1099 Patches for Tax Year 2020 ?
The IRS changes for tax year 2020 (changes to the 1099-MISC form as a result of the addition of the new 1099-NEC form) have been made published.
BOX 7 has been removed from the 1099-MISC form and so is no longer an option for 2020 information reporting, but it is still included as an option in the Tax Details section of the Oracle Supplier Master. And 1099-NEC is not accounted for in the current Oracle EBS 12.1.3 environment.
Are there any 1099 Patches for Tax Year 2020 that will accommodate these impending IRS changes at this time.
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