EAP 1099 Report Has Inactive TIN For One Of The Vendor
(Doc ID 2490545.1)
Last updated on NOVEMBER 19, 2019
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
On : 9.2 version, 1099 Processing
After filing 2017 1099 report with IRS, the company was notified by the IRS that one of the vendors had an incorrect/inactive TIN. The company requested updated information for the vendor and discovered that the vendor had new name/TIN.
A new vendor with correct TIN was created to reflect the new information. However, prior to the corrections approximately $10,000 in payments had already been applied to the vendor with the incorrect TIN.
What is the recommended solution for removing the original vendor with the incorrect TIN from the report?
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