1099 report revisions for 2021

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Important

This content is archived and is not being updated. For the latest documentation, go to What's new or changed in Dynamics 365 Finance. For the latest release plans, go to Dynamics 365 and Microsoft Power Platform release plans.

Enabled for Public preview General availability
Users by admins, makers, or analysts - Dec 22, 2021

Business value

This enhancement maintains compliance with current regulations that apply to 1099 processing for the 2021 tax year.

Feature details

This feature will add new 1099 fields to the 2021 1099-DIV form, 1099-MISC form, and 1099-NEC form. The processing for Electronic filing for 2021 has also been enhanced. These changes will apply to 1099 statements that are included in tax filings in the United States in 2022, for the 2021 tax year.

See also

Year-end activities FAQ (docs)