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Transmitter Prerequisites 1099 Processing
Use transmitters to create an association that reports
1099 information. You need to create an association between a transmitter
and one or more companies/federal tax identification numbers. To create
the association, add at least one transmitter control code that associates
to one or more companies/federal tax identification numbers.
When reporting occurs, the reporting for each company/federal
tax identification is consolidated into one XML file. GEMM uses this XML
file to create a single 1099 report, which is submitted under the transmitter
control code.
Transmitter
Company
Use the Companies
TabCompany
menu item
to set up one or more company/payer associations to store the federal
tax identification and payer information. On the 1099
Payer Tab, select the transmitter that is to report the 1099 data
for this company, and the 1099 property group for the properties that
report under this federal tax identification.
Single or Multiple Tax Associations
For a single tax association, set up one transmitter
control code, and then set up a company record that is virtually identical
to the transmitter record. Associate the company to the transmitter and
the 1099 property group.
For multiple tax associations, set up one transmitter
control code, and then set up company records—each
with its own federal tax identification, and then select the same transmitter
control code on each company record.
See
Also
Checking
Your Setup Prerequisites 1099 Processing
1099
Process Prerequisites