Main Pay-to Business Partner for 1099 (tfcmg3106m000)
Use this session to maintain the pay-to business partners for which reporting of payments is required by the internal revenue service.
Field Information
- Pay-to B.Partner
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The pay-to business partner.
- Main BP for 1099 Details
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The business partner who submits the 1099-MISC declaration, every year.
The main business partner can differ from the specific pay-to business partner. For example, if the specific pay-to business partner is a local office of a large corporation, the corporate head quarters is the main business partner for 1099 reporting.