IRS 1099 Reporting Issue

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Posted on by Community Member

Hello everyone,

I am new at configuring 1099 reporting in NAV but from what I've read and seen, it's a simple setup.

After setting up the IRS codes for the vendors, assigning a Federal Tax ID and enabling the TAX Liable checkbox (I'm still not sure if this is mandatory) I proceeded to create a Purchase Order.

When creating the PO, I verified that the IRS 1099 Code was set by default in the document and also that the IRS 1099 Liable was checked in all lines.

Then I posted the order and paid it.

When running the report (Vendor 1099 Misc) for 2016, it prints nothing.

The PO was posted on 01/19/2016 and paid on the same day. Also the invoice amount is bigger than the minimun amount configure in the IRS Code.

Do you have an idea on what I might be missing?

Thank you.

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keoma 32,729 on at

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best you follow www.youtube.com/watch

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Community Member on at

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Hi Jonathan, thank you.

I came up with that video before posting here and did all as instructed. Didn´t work for me.

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Community Member on at

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Is there a way to make this setup retroactive? Meaning that reports can pick up invoices posted before I did the 1099 setup.

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Rashed 3,765 on at

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On the vendor card you can go to vendor ledger entries and fill in the 1099 codes.

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Community Member on at

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And what about the 1099 amounts?

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Rashed 3,765 on at

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Yes populate both 1099 code and 1099 amount fields.

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TWBlaisdell on at

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Hello,

I just saw your post. The one thing to make sure is that the 1099 Code being used is MISC-07 (one of the more common ones for non-employee comp) or one with the MISC-## for the appropriate type of income. The dash - two digit number tells the system what Form and Box No. to print the amount. If you use just the MISC code from the 1099 Code list as the Code for the transaction, then the system will not present the amount because it doesn't know what Box No. to put the amount. The only other common reason for not having 1099s print is because the Tax ID number was not entered on the Vendor Card and the Company Information Card.

I hope one of these is your issue.

Best Regards,

Tom

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Community Member on at

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Hello everyone,

For some reason my miscellaneaous report only prints information when I use the MISC-00 report or MISC-99

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Community Member on at

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Thank you everyone for your answers. They were all very helpful.

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