1099 for US

Hi ,
I needed some information on 1099. I understand that oracle provides 1099_R report. Are there any other forms provided by oracle for 1099.

HCM wrote:
Hi ,
I needed some information on 1099. I understand that oracle provides 1099_R report. Are there any other forms provided by oracle for 1099.Did you see the documentation? -- http://www.oracle.com/pls/ebs121/search?word=1099&format=ranked&remark=quick_search
Please also see:
Which Forms are to be Used for Oracle Employee W-2s and 1099-Rs for 2012? [ID 389886.1]
End of Year Processing Using Oracle HRMS (US) [ID 255466.1
North American Year End 2012 / 2013 Year Begin Patch Information and Useful Links [ID 1494934.1]
Thanks,
Hussein

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Urgent:1099 for certain vendors!!!!!!!!!!!

Hi,
User requirement here is , they want to use 1099 for certain vendors like contractors, some employees without the withholding tax code. Could anyone suggest me how to do this in vendor master records.
Thanks

Hiya,
This might help:
http://www.sap-img.com/financial/1099-misc.htm
http://www.copacustomhelp.state.pa.us/infopak/content/fiap_y_dc1_32000315/wi/html/index.htm
Cheers.

Form 1099 for US requirement

Hi All,
Please let me know the configuration requirements for generating form 1099 for US tax reporting. Also, please give steps to execute this form.
Earliest response is highly appreciated.
Many Thanks,
Vinay

Hey Vinay,
Even we have got the same issue with us. Can you please let me know how to resolve that??
Regards
Anjani

Generating 1099 for Vendors (PCard Vendors)

Hi,
We are in the process of generating 1099 for PCard Vendor from Oracle Applications 11.5.10, which will be filed with the IRS. The following are the fields which needs to be populated.
1. TIN No
2. Merchant Name
3. Address
4. City
5. State
6. Zip
7. Amount Paid
I have information for all of the above, but not the Address of the Merchant Name. I was wondering if anybody out there faced the same issue and how did you guys go about getting a solution for this. I plan to generate the file manually and not use the Oracle seeded process.
The Address is a Required field for the IRS.
Did anybody of you use a 3rd party Web Service to get Address? If so which one ? btw the TIN is not a required field for the IRS (and we dont have TIN numbers for our PCard Vendors). I would really appreciate if you could let me know.
thanks
Kiran Ramachandra __._

Kiran,
We have the same question. I pressed the bank for the data in the download but they said they did not have it in the transaction file.
No other ideas - we are doing it manually since we limit pCard use to a select group of Suppliers.
Jean

1099 for a one time vendor

Hello All
How do we handle 1099's for one time vendors? As far as I know this is not supported in SAP and needs to be done manually. Can someone please comment on this.
Thanks

Hi
As you may be aware of the Businesses will need to fill out a Form 1099-MISC for persons, vendors, subcontractors, independent contractors, and others in the following circumstances:
$600 or more per year is paid for
u2022 cash payments to fishermen
u2022 crop insurance proceeds,
u2022 medical and health care payments,
u2022 prizes and awards,
u2022 proceeds paid to attorneys,
u2022 rents,
u2022 services (including parts and materials), and
u2022other types of payments not covered by another information reporting document.
$10 or more per year is paid for
u2022 broker payments in lieu of dividends or tax-exempt interest, and
u2022 royalties
Reporting such payments is required if the recipient of the payment is not a corporation -- for example, when the recipient is an individual, partnership, a limited liability company treated as a partnership or sole proprietorship. Payments made to corporations are required in the case of medical and health care payments and in the case of legal fees paid to attorneys. Other types of payments made to corporations may be reported using Form 1099-MISC, but is not required.
You will need to know whether the payment falls under any of the categories listed above for reportable payments, whether your payments to a particular recipient reaches the $10 or $600 threshold for reporting, and finally you'll need to know the exact amount you paid the recipient for the year.
If your vendor's are falling under this, you should not create them as one time vendor
Thanks and Regards
Siva

FORM 1099 FOR 2007

Please advise how to prepare this form for 2007

Hi,
Good afternoon and greetings,
Please go through the following links
www.irs.gov/pub/irs-pdf/f1099msc.pdf
www.wisegeek.com/what-is-a-1099-form.htm
www.irs.gov/formspubs/lists/0,,id=97817,00.html
www.wikipedia.org/wiki/IRS_Form_990
Please reward points if found useful.
Thanking you,
With kindest regards,
Ramesh Padmanabhan

Form 1099 for 2011

Hello Gurus,
Is there any updated note for 1666672 for the year 2011 filing please let us know.
We are facing problem regarding the allignment of amount field it should be left side.
Appereciate your inputs.
Thanks in advance.
SAM

Hello!
The last released notes are: note 1666672, 1635493 and 1673257 for 2011 US Legal change.
SAP is planning to release the US Legal Changes for reporting for 2012 via a new SAP Note by December 10th 2012.
I recommend you to keep an eye in the service market place close to December 10th.
Best Regards,
Matus Grings

How to track the history of supplier sites used for tax reporting (1099)

Hi,
Oracle financials doesn't allow two supplier sites setup as tax reportable sites (Unless one is inactive). Suppose if the supplier uses site1 for the year 2009 and site 2 for 2010 and now there is site3 setup as tax reportable. All three sites were setup in 2009 and all three sites are active. Supplier chosen different sites for each year as their tax reportable site.
How do we know which site oracle used to send 1099 for 2009 & 2010? How to track the history of supplier sites used for tax reporting (1099) in previous years?
Thanks in advance.
Regards,
Ram

Would the begin_date, end_date and status columns on HZ_PARTY_SITES_USES be any good? Our R12 installations is too new to have accumulated much data yet, but I would look in those columns first.

Port 1099 being used by other processes ,need an alt port for RMI-Registry

I am using port 1099 for RMI and the o/s is windows 2003.
We want that the RMI registry shud automatically be started with the windows startup processes.But we found that some other processes are usoing the same port.
Is there any other port which can be used for the same?
or any method to make other processes release the port forcefully.

If you read the documentation or do a quick google search, you will discover the rmiregistry program can be assigned any port you wish. Simply invoke via:
rmiregistry -h from windows or "man rmiregistry" from mac or unix and you will be greeted with:
Usage: rmiregistry <options> <port>
In a nut shell just specify the port:
i.e.
rmiregistry 5000
etc...
Hope this helps.
-Lemont

Can a 1099 be manually created without reference to an AP Document ?

Our AP department cut a cheque against a vendor id which included the names of two vendors in the description. They added the second name to the existing vendor in order to meet a requirement that the settlement cheque be made out to both parties.
E.G.:> Vendor 100 = John Dow & Jane Smith. The tax-id/SSN for vendor 100 belongs to John Dow.
A seperate vendor code exists for attorney Jane Smith. E.G.> Vendor 200 = Jane Smith. And the tax-id/SSN for vendor 200 belongs to Jane Smith.
We can generate the 1099 for this payment document which references vendor 100 and John Dow's tax-id. Can another 1099 be created against the same payment for vendor 200? And/or is there a manual way to create a 1099 without reference to an AP document?

The solution we used to create a second 1099 was as follows:
1: Post an AP item to the 2nd Vendor for the amount that you want to report - FB60.
-Credit Vendor Account
-Debit Any account to clear with - We used petty cash
2: Use the F-51 to Clear
-Doc type ZV
-Credit: The account you used to clear with
-Debit: Select the open item for the vendor
This will give you a payment document for the vendor for the amount you wish, but nothing paid to the vendor.

Alternate Payee is printing on 1099 Forms, Need head vendor to print

We applied the applicable OSSnotes for 1099 for the year 2010. Everything is working fine as expected, except one issue.
When we execute the report S_P00_07000134, the report alternate payee is being printed on the Account Number field of the actual 1099 form. Our goal is to have the main head vendor printed. Also, strangely, the alternate payee is NOT even set for 1099 process (withholding tax code field) in the vendor master record. That field is NOT even present on the account group for alternate payee in our design.
Interestingly, after printing, when we back out of the report, the screen with title Generic Withholding Tax Reporting shows up, that screen has the Head Vendor listed.
Not sure, where the setting is in SAP that will force only head vendor to show up.
Or we made mistakes in the application of OSSnotes.
Or, we possibly missed another OSS notes ?
Pl comment. Thanks in advance.

Do a search of OSS notes for program RFIDYYWT - there are multiple notes related to alternate payee that are in addition to the 2010 update notes.
Regards,
Shannon

1099 report - excluding material invoices

Hi All
My client wants to exclude all material invoices when reporting 1099 for vendors. How do we do this?
But the configuration in our client is 'Define withholding tax for payment posting'. Hence, I am not able to filter by document types in RFIDYYWT report. If I have to change the settings to 'Define withholding tax for invoice posting', is this the only option?
Any input appreciated.
Thanks
Regards
Morgan

We resolved this by 'Zeroing' out the tax amount in MIRO screen using user exit in the standard BAPI that posts the MIRO for us.

1099 form of US localization

Dear All,
Our client is on SAP881. I just noticed our consultant didn't setup 1099 for their vendors. So all their AP invoice has no 1099 selected. Then for sure if we run 1099 report, nothing show up. Since the invoices of last year are all closed, there is no way for us to update the 1099 form and box AP invoice >> accounting tab >> form 1099 and box 1099 field from the interface.
Is there any other way we can correct them? Or they have to do it manually? They have a lot of vendors and invoices.
Thanks.
Regards,
Yuka

Dear Yuka,
In this case, you may only do it manually. Setup the correct 1099 info for the next year is your best bet.
Thanks,
Gordon

1099 suppliers in AP

what is 1099 suppliers ? Why in AP, few suppliers are segregating to 1099 suppliers?
Thanks
prasad.

Prasad,
1099s are a United State thing, to report payments made to inincorporated suppliers to the US Federal Government. The government then checks that against the supplier's tax return to make sure the supplier has fully reported all his income on his tax return. Normally you will have a minority of suppliers who are not incorporated. This is why you will only have a small number of suppliers that you have to file 1099 forms for. The US Federal Government (IRS) has set up the rules on what suppliers you need to file 1099s for. For more information, talk to the person in accounting who files the 1099 returns with the US Federal government.
John Dickey
Edited by: John Dickey, McCarthy on Feb 26, 2010 2:38 PM

1099 opening balance question

My customer has enter their 1099 opening balances, but they don't appear on the BP balance. There is a check box for 'submitted' on the far right of the opening balances matrix that is grayed out and can't be 'checked'.. Does this need to be checked to have balance 'submitted'. If so, how do they get the checkbox to be 'active' so it can be checked????

Rosi,
To get the opening balances to allow change, reprint the 1099 for the vendor that needs his opening balance changed. Upon printing (not preview), you will be prompted to unsubmit. Click 'yes' and this will open up the 1099 opening balance for that vendor.

1099 for US

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