Running the 1099 MISC Report
The 1099 MISC Report generates all data required to complete the 1099 paper forms manually. You can use the following selection criteria:
Federal Tax ID.
Optionally specify the federal tax ID of the entity in the current domain for which you want to generate the report.
Payment Year
Specify the calendar year in which the payment to be reported were registered. This field is required.
From/To Supplier
Enter a range of suppliers to select for reporting or leave the default All. Only suppliers with Tax Report selected in their definition are included, regardless of the value specified here.
Entity
Optionally enter one or more entities by entity code to select only payments associated with those entities. The entity must be associated with a business relation that has Tax Report set to Yes to be included.
Supplier Type
Select suppliers for reporting by type if you have used the type code to identify reporting groups.
The Header section 1 of the report contains information on the paying entity, such as the federal tax ID, entity name, and address. This data is taken from the headoffice address of the business relation for the entity.
Note: The paying entity is always the entity that initially incurred the liability, not the entity that actually paid (in cases of payment on behalf of).
The Header section 2 of the report contains information on the supplier (recipient of the payment), such as the supplier’s federal tax ID, name, and address. This data is taken from the headoffice address of the business relation of the supplier.
The Detail Data section of the report contains a list of 1099 boxes and the declaration amounts. Each line contains a 1099 box reference and description, an entity reference, and a declaration amount. The declaration amount is calculated as the sum of all payments from the entity to the supplier for all invoices where the purchase type is linked to the 1099 box.
Note: If the calculated amount does not exceed the minimum amount specified in the 1099 box definition, the report displays zero.
The report uses the actual amount paid in cases where a discount is applied to an invoice, and includes prepayments and payments in progress, if applicable.