EAP WTHD24: Foreign Supplier Amount Erroneously Included In IRS File K Record Causes Incorrect State Code For US Supplier (Doc ID 3063833.1)

Last updated on DECEMBER 20, 2024

Applies to:

Symptoms

Foreign Supplier Province Code Erroneously Included In IRS File In K Record with incorrect amount and State Code.

Example:

1. Italy foreign supplier amount is included in the IRS File B record correctly
2. Italy State Code = 54
3. MI State (Michigan) State Code = 26
4. The IRS file is showing the State Code for MI = 54 instead of 26
5. The foreign supplier amount is erroneously included in the IRS File K record

STEPS:

1) Verify State Codes for US and Foreign Supplier 

    Set Up Financials/Supply Chain > Common Definitions > Location > Define State or Province Code

2)   Create a 1099 Foreign Supplier whose province code matches with USA State Code. For Example, Foreign Country -ITA and Province Code - MI

    Suppliers > Supplier Information > Add/Update > Add/Update Supplier

3) Create a 1099 USA Supplier whose State Code is MI

    Suppliers > Supplier Information > Add/Update > Add/Update Supplier

4) Add a Withholding transaction/adjustment for both the suppliers

    Suppliers > 1099/Global Withholding > Maintain > Adjust Withholding

5) Run 1099 Job

    Suppliers > 1099/Global Withholding > 1099 Reports > Withhold 1099 Report Job

6) Review IRS file and you can see the mismatch between B and K records

Changes

 Applied Bug 37025138 - 1099 UPDATE FOR 2024

Cause

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