Last updated on MAY 04, 2016
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
Applied the 1099 Update for 2015 and went through the 1099 processes. IRS Tax file is sent to the IRS and rejected by the IRS due to an error.
It appears that the Payer 'A' Record is missing the Amount Code of 'B' even though the 'B' Record for the Vendor has Box 13 (Excess golden parachute payment) populated.
IRS Tax file did not have an issue last year.
1 'B' record(s) contains Payment Amount Fields that do no correspond to the Amount Code(s) in the 'A' record(s).
Refer to Publication 1220 or contact your software company or service provider for further information.
1. Create a Withholding Adjustment for 1099 Vendor for Class 13
2. Create a Withholding Adjustment for another 1099 Vendor for Class 01
3. Run Withhold 1099 Report Post
4. Run Withhold 1099 Report
5. Check the IRS Tax file
6. Amount Code B is missing from the Payer "A" Record in Field Position 28-43
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