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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.


"K" Record is missing in the IRS Correction file when the Basis Amt is zeroed out.


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





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