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EAP WTHD20: Will IRS Form 1098-F Fines, Penalties and Other Amounts be Addressed in PeopleSoft? (Doc ID 2794727.1)

Last updated on FEBRUARY 21, 2023

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.2 and later
Information in this document applies to any platform.


IRS has a new requirement - Local Government Reporting of Fines and Penalties, FORM 1098-F Reporting under Internal Revenue Code Section 6050X.

Please see information from IRS website - about Form 1098-F, fines penalties, and other amounts.

A government or governmental entity and certain nongovernmental entities must file this form required by section 6050X, to report certain fines, penalties, and other amounts paid.

Will IRS form 1098-F, Fines, Penalties and Other amounts be addressed in PeopleSoft?



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