Last updated on NOVEMBER 21, 2016
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
IRSTAX File has incorrect Amount Code when using Include / Exclude option when running the 1099 Report for 1099-MISC Suppliers. For 1099-MISC Suppliers, when amounts are reported for Class 13, the A-record
Amount Code in IRS tax file should be generated as "B". Currently, the system generates it as 13.
Processing the 1099 Report using the ALL option, the Amount Code is populated correctly for 1099-MISC Suppliers. There are no issues for 1099-INT or 1099-G.
1. Supplier is setup to use Withholding Class 13
2. Add Voucher for the Withholding Supplier
3. Pay Supplier
4. Run Payment Posting
5. Run Post Withholding
6. Run 1099 Report Post
6. Run 1099 Report using Include/Exclude Option
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