EAP WTHD20: After Making Corrections For a 1099M Supplier Using the Direct Sales Option, the IRS File And Copy B Form Are Incorrect
(Doc ID 2744665.1)
Last updated on JANUARY 18, 2021
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
After making corrections for a 1099M Supplier using the Direct Sales option, the IRS file and Copy B form are incorrect
1. 1099M Supplier has Direct Sales box checked
2. Run 1099 Job and Supplier is included in the IRS file > "A" Record: Type of Return = "A" (positions 26-27) / Amount Code = "1" (position 28)
3. Run Withholding Sent File process
1. Correct Supplier Name
2. Run 1099 Job
3. Amount Code is showing 7 for the BG record...Amount Code should be 1
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document