EAP WTHD20: "K" Record Missing In the IRS Correction File When Basis Amt is Zeroed Out
(Doc ID 2744681.1)
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
"K" Record is missing in the IRS Correction file when the Basis Amt is zeroed out.
STEPS
Original File
1. Adjust Withholding > entries present for a Withholding Supplier participating in the Combined Federal/State Filing Program
2. Run 1099 Job
3. The IRS file contains the "K" Record for Combined Federal/State Filing Program and 1099 Copy B form is correct
4. Withholding Sent File Process
Correction File
1. Adjust Withholding > add Legacy row > zero out amount for Supplier from #1 by entering a negative value
2. 1099 Job
3. IRS file missing the "K" Record for Combined Federal/State Filing Program
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |