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Companies 1099 Tab - Simplified Setup

Make the following menu selections to display this tab:

eFinancials—GL Setup—Companies—1099 tab or
ePO—Setup—Companies —1099 tab

Use this tab to set up or edit data that is used to complete the Payer A record on 1099 electronic or magnetic media files and the fields on a printed 1099 form. Complete this tab only if this company is being set up to submit 1099-related data  for 1099 reportable payments made during the calendar year. Refer to 1099 Overview for more information.

Fields

Transmitter

Click the Lookup Button to display the Select Transmitter Tab and select the transmitter control code for the company.

You can select the same transmitter control code for more than one company. When reporting occurs, records for this company are generated and grouped with any other company records that use the same transmitter control code to produce one XML file. GEMM uses that file to produce a single 1099 report. Refer to Transmitter Overview for more information.

Foreign Address

This option defaults as unchecked. Do not check the box if the company is domestic.

Check the box if the company is foreign.

Name

Enter the name associated with the tax identification number on the General tab.

Address

Enter the street address where the 1099 payer is located. For example:

127 Best Way, Suite 55

Zip / City / State

Enter the zip code, city, and state in which the address for 1099 payer is located.

Country

Enter the country in which the address for the 1099 payer is located.

Phone

Enter the phone number for the 1099 payer, beginning with the area code. For US numbers, enter 10 digits with or without formatting, including dashes or parentheses around the area code. US phone numbers are displayed in the format (xxx) xxx-xxxx. For International phone numbers, first enter a plus sign + and then the system allows entry of 7 to 15 digits, separated by spaces if preferred. No formatting is applied to international phone numbers, which are displayed as entered. Examples

Save

Click to save changes.

See Also

Setup Introduction

Setup Companies - Simplified Setup

Edit Company Tabs - Simplified Setup