File 1099-MISC (tfcmg3204m000)

Use this session to generate output for filing 1099-MISC Income payment information to the IRS.

Output is available in paper/electronic format.

Field Information

Company

The From and To fields define a range of: financial companies or indicate the financial company for which 1099-MISC Income payment information must be generated.

Pay-to Business Partner

The From and To fields define a range of: business partners or indicate the business partner for which 1099-MISC Income payment information must be generated.

Tax Year

The year for which 1099-MISC Income payment data must be filed with the IRS.

Test Filing

If this check box is selected, the corresponding corrected form indicator appears on the 1099-MISC Income output.

Use the test filing to verify that you can record the data properly.

Note: Test filing is required by the IRS before the first electronic filing for a 1099-MISC Income payer.

Last Filing

If this check box is selected, the corresponding last filing indicator appears on the 1099-MISC Income output.

Use the last filing indicator to notify the IRS that there are no further filings made by this 1099-MISC payer.

Note: Use the last filing indicator if the payer is no longer doing business with 1099-MISC payees.

Correction Run

If this check box is selected, the corresponding corrected form indicator appears on the 1099-MISC Income output.

Corrected forms are used to notify the IRS that the earlier filing is incorrect, and must be replaced with new data.

Note: Corrected forms must be used when adjustments are made to payment data after submission of the annual 1099-MISC forms with the IRS.

Print 1099 Sorted On State

If this check box is selected, the data is printed in the order of the state where the payee is located.

Note: If you select this option you must select Forms as the Reporting Option.

Reporting Option

Select a reporting option to indicate the format for filing the 1099-MISC Income payment information.

Forms: The IRS 1099-misc data is printed on paper forms.
Electronic Media: The IRS 1099-misc data is sent to an ASCII file in the specified path.
Forms & Electronic Media: The IRS 1099-misc data is printed on paper forms and is sent to an ASCII file in the specified file path.

Pathname Sequential Dumps

The pathname for sequential dumps is used when you select Electronic Media in the Reporting Option field.

The pathname is used to save the ASCII file generated from the 1099-MISC Income payments.

Name of Contact

The name of the contact.