EAP WTHD16: 1099 Update for 2016 -- 1099 Report / New IRS File Generate Options (Doc ID 2201598.1)

Last updated on JANUARY 05, 2017

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

Per IRS Publication 1220 for Tax Year 2016, Form 1099-MISC has a new filing date.

Public Law 114-113, Division Q, section 201, requires Form 1099-MISC to be filed on or before January 31, 2017, when you are reporting nonemployee compensation payments in box 7. Otherwise, file by February 28, 2017, if you file on paper, or by March 31, 2017, if you file electronically. The due dates for furnishing payee statements remain the same.

Solution

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