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 OCTOBER 17, 2022
Applies to:
PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
After making corrections for a 1099M Supplier using the Direct Sales option, the IRS file and Copy B form are incorrect
STEPS
Original File
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
Correction File
1. Correct Supplier Name
2. Run 1099 Job
3. Amount Code is showing 7 for the BG record...Amount Code should be 1
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |