web
You’re offline. This is a read only version of the page.
close
Skip to main content

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Could box 4 "Fede...
Microsoft Dynamics GP (Archived)

Could box 4 "Federal Income Tax Withheld" in Form 1099 generated by Great Plains be filled in automatically?

(0) ShareShare
ReportReport
Posted on by Barbara Salazar 1,415

We set up a 1099 vendor for litigation settlement and posted invoice. Then, we cut manual checks to different addresses, as instructed by the vendor: several trust funds, and to IRS for federal tax paid on behalf of the vendor.

What is the best way to post these manual checks (to reflect payment of the invoice) and fill in box 4 "Federal income tax withheld"? What do we need to do for amount to automatically show under box 4 "Federal income tax withheld" (If such option exists in Great Plains)?

*This post is locked for comments

I have the same question (0)
  • Verified answer
    L Vail Profile Picture
    L Vail 65,271 on at

    When you posted the manual checks, did you use different vendor IDs for the trust funds, etc? GP will let you change the name on the check and use a different address ID, then you wouldn't have to worry about that amount going on a 1099. I'm confused about what you need to do, 1099s are filed for income to the vendor. Did the vendor tell you to send the checks somewhere else instead of to him?

    I'm going to presume that is the case. If you didn't use the vendor's ID to record the payments, then you need to edit the 1099 details in order for the amounts to appear on the 1099. Don't forget to include the amount paid to the IRS as income too.  As far as the withholding is concerned, GP does not handle this well. If you go to company setup options there is information pertaining to withholding. This is not intended for the USA, but it will get the amount to Box 4. Unfortunately, it doesn't put it in Box  7, so you still have to edit the 1099 details.

    So, in short - to get the amount of all of the payments to the trust funds and IRS to show up in box 7, use the same vendor ID and different Check Names and address IDs. To get the amount to show up in Box 4 AND Box 7 you have to manually update. GP does not provide for withholding on vendor payments and report it properly.

    No matter what, something will need to be edited manually.

    Kind regards,

    Leslie

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Introducing the 2026 Season 1 community Super Users

Congratulations to our 2026 Super Stars!

Congratulations to our 2025 Community Spotlights

Thanks to all of our 2025 Community Spotlight stars!

Congratulations to the February Top 10 Community Leaders

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics GP (Archived)

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans