EAP WTHD20: Unable to Generate a Separate 1099 NEC IRS Tax File - Both NEC and MISC Suppliers Are Combined Into One IRS File
(Doc ID 2733056.1)
Last updated on OCTOBER 17, 2022
Applies to:PeopleSoft Enterprise FIN Payables - Version 9 to 9.2 [Release 9]
Information in this document applies to any platform.
When running the 1099 Job, the AP_APY1099 process is not generating a separate NEC IRS Tax file. Both Withholding Types, NEC and MISC, are appearing in a single IRS file. Need to be able to generate two IRS Tax files, one file for 1099-NEC Suppliers to meet the January 31 deadline, and the other for 1099-MISC Suppliers to meet the March 31 deadline.
1. Have 2 1099 Suppliers setup as follows:
a. 1st 1099 Supplier is setup with Withholding Type of 1099N (NEC) and Class 01
b. 2nd 1099 Supplier is setup with Withholding Type of 1099M (MISC) and Class 01
2. Create two different 1099 Vouchers -- one for the 1st 1099 Supplier and the other for the 2nd 1099 Supplier
3. Pay the Vouchers
4. Run Payment Posting
5. Run Post Withholdings
6. Run the 1099 Job
7. Only one IRS Tax file is generated
8. Check the IRX file -- Both the NEC and MISC Suppliers are in the file. There is no way to generate an IRS Tax file for only the NEC Suppliers.
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