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.
Field Information
- Company
- Payer Name Control
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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.)
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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
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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
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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.