Creating 1099 tape

Use this procedure to generate the electronic file that is required by the IRS for 1099 yearly income reporting. Optionally, use this process to create laser forms through IDM.
  1. Select Payables > Tax and Income.
  2. On the Reports and Lists pane, click Create US 1099 Output Files.
  3. Select Vendor Group.
  4. Select Reportable Income Group or Reporting Organization.
  5. Specify this information:
    Report Type
    Select a specific 1099 form for the report.
    Currency
    Specify the currency.
    From Payment Date
    Specify the report from date. Invoices with a payment date on or after this date are included.
    To Payment Date
    Specify the report to date. Invoices with a payment date on or after this date are included.
    Tape Type
    Select Original, Test, or Replacement.
    Print Sequence
    Select Vendor Number, Search Name, or Tax ID.
    Name Option
    Select whether to use the Vendor Legal Name or Vendor Name on the records.
    Combined Federal/State
    Select Yes to create a combined federal and state report. This option is only valid for states that participate in the combined program.
  6. In the Vendors section, you can specify up to 10 vendors to limit the report to specific vendors.
  7. In the Non Employee Compensation section, specify the report.
  8. In the Miscellaneous, Interest, Dividend, and Government Payments sections, specify the minimum payment amount that is required to include vendor payments in the report.
  9. In the Merchants section, specify the Program Name and up to ten merchants.
  10. In the File Name section, specify the 1099 File Name.
  11. In the Report Distribution section, select a distribution list and export type for US 1099 Tape Creation Report.
  12. Click Submit.