(USA) 1099 fields (form) [AX 2012]

Updated: March 30, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Accounts payable > Setup > Tax 1099 > 1099 fields.

Use this form to verify and update, according to the latest IRS requirements, the minimum amounts that 1099 boxes must contain before you must file 1099 reports with the IRS.

You must update the default minimum amounts before you prepare a 1099 report for filing. We recommend that you review IRS rule changes for the applicable tax year before you set up and process 1099 statements.
NoteNote

(USA) This form is available only to legal entities whose primary address is in the United States.

The following table provides descriptions for the controls in this form.

ield

Description

1099 box

The code that identifies a 1099 report box on an IRS 1099 statement.

Description

The description of the 1099 box.

Minimum amount

View or update the minimum amount for which you must complete 1099 reporting, according to the most recent IRS requirements. The IRS might require that even if just one amount on a form is greater than the minimum amount, all amounts must be reported, even if they are less than the minimum amount.

Type of Tax 1099 form

The type of IRS 1099 form.

NoteNote

(USA) If your organization is in the public sector, you can update the default minimum amounts for 1099-G or 1099-S form fields, if they are included in this list. Some fields are intentionally omitted. For example, the S-5 field is omitted because it is used for real estate taxes, and an IRS minimum amount does not apply. Also, it is possible to set up 1099-G and 1099-S amounts in this form, but still not be able to track and print 1099-G or 1099-S vendor information. To track information for 1099-G and 1099-S tax forms, you must select the Public Sector 1099G and Public Sector 1099S configuration keys.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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