1098 External Reported Income (1098ER)
The 1098 External Reported Income page (1098ER) records the taxpayer income from external agencies per Calendar Year, 1099 Reporting Payer, Form Type, TIN, and TIN Type. The page is initially updated with records when the Upload 1098 External Reported Income chain job is executed for a calendar year. From that point on, any updates or corrections to 1098 information are done on this page via the following ways:
Page-level Actions/LinksPage-level Actions/Links
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The Add New 1098 External Reported Income link allows a new record to be inserted to 1098ER. This link transitions you to the Update 1098 External Reported Income page.
Row-level Actions/LinksRow-level Actions/Links
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The Edit 1098 External Reported Income link allows the record to be changed if the Processing Indicator is Updated or New. This links transitions you to the Update 1098 External Reported Income page.
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The Apply Corrections link allows a record to be updated after the record has been inserted to the table. This link is enabled when the record needs to be updated initially after the Offline 1098 Process inserted it and Processing Indicator is Forms, Magnetic Media, or Corrected and Current Record is set to Yes.
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The Form <Form Type> Reporting link transitions to the corresponding Form Reporting page and filters the results based on the Calendar Year, Form Type, Reporting Payer, TIN, and TIN Type from the selected record.
Each record has a Generation Date, Processing Indicator, and an IRS Reported indicator. This provides a log of the processing history and identifies records that have been reported to the IRS.
When adding/modifying records on this page, if the 1099_CITY_ST_ZIP_VALIDATION parameter on the APPCTRL is Yes, and the Country associated with the State is US or USA, then the address is validated against the City State ZIP (CSZ) table. If a matching record is not found for the City/State/ZIP combination, then an error is received.
If fields are changed/updated that are not IRS pertinent fields, they alone will not be picked up during Corrections processing. Some examples of those fields include Comments. If other corrections (name or amount change) are made during Corrections processing, the non-pertinent fields will be passed at that time.
