R12: AP: Federal Amount Limit Parameter Not Considered In 1099 Forms For Suppliers Having Income Tax Type as MISC7(NEC)
(Doc ID 2960635.1)
Last updated on OCTOBER 07, 2024
Applies to:
Oracle Payables - Version 12.1.3 to 12.2.12 [Release 12.1 to 12.2]Information in this document applies to any platform.
Goal
Why federal amount limit parameter not considered in 1099 forms for a particular period/supplier having income tax type as MISC7(NEC)?
E.g. An invoice for $400 exists for a supplier, submitting 1099 Forms with the limit as $600. Still it reports the supplier.
As per standard design,this supplier should not be reported.
Latest patches of 1099 has been applied
Solution
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In this Document
| Goal |
| Solution |
| References |