Payer's 1099 Details (tccom7137s000)Use this session to maintain Payer's 1099 Details of the company that reports the 1099-MISC income payments made. This information is required by the IRS for electronic filing of 1099 MISC Income.
Company A working environment in which you can carry out logistic or financial transactions. All the transaction data is stored in the company's database. Depending on the type of data that the company controls, the company is:
In a multisite structure, some of the database tables can be unique for the company and the company can share other database tables with other companies. Payer Name Control A four character code assigned to the company by the IRS. It is used for electronic filing of1099-MISC income. Default value The first four characters of the company's name. Foreign (non-U.S.) If the company' address is located in a country outside the United States, select this check box. This information is required for the electronic filing of 1099 information. Transmitter Control A five character code assigned to the company by the IRS. This code is required for electronic filing of 1099-MISC Income information. Address Code The 1099-payer's address. This is the company's address. If you run the File 1099-MISC (tfcmg3204m000) session, LN includes some of the address details in the 1099-MISC printed report or 1099-MISC electronic file.
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