How to: Print Vendor 1099 Information Reports
In Microsoft Dynamics NAV, you can use the following tax forms to report 1099 transactions:
Vendor 1099 Div – Dividends
Vendor 1099 Int – Interest
Vendor 1099 Misc – Miscellaneous income
The Internal Revenue Service (IRS) requires one or more versions of the 1099 tax form for payments to vendors. Copies of these forms must be sent to vendors annually on or before the last day of January.
The Vendor 1099 Information report allows you to review 1099 transactions paid during a specified period. At the end of the year, you can print 1099s on preprinted forms.
To set up 1099 tax for vendors
In the Search box, enter Purchase Orders, and then choose the related link.
Select a purchase order, and then on the Home tab, in the Manage group, choose Edit.
On the Lines FastTab, select the IRS 1099 Liable check box.
If the field is not visible, you must add it to the window.
On the Invoicing FastTab, fill in the fields as described in the following table.
Field Description IRS 1099 Code
Select the 1099 code for the vendor.
Tax Liable
Select to set the tax liability for the vendor.
On the Home tab, in the Process group, choose Post.
Choose the OK button.
To print vendor 1099 information reports
In the Search box, enter Vendor 1099 Information, and then choose the related link.
On the Vendor FastTab, select the appropriate filters.
Note
To run this batch job, you must select the Date Filter as a filter and enter the date.
Choose the Print button to print the report or choose the Preview button to view it on the screen.
See Also
Reference
Vendor 1099 Information
Vendor 1099 Int
Vendor 1099 Div
Vendor 1099 Misc
Vendor 1099 Magnetic Media
IRS 1099 Form-Box