1099 and 1098 Business Tasks

Select from the list of the common business tasks for detailed information:

• Verifying TIN and Name with IRS

• Modify Taxpayer Information (including TIN) before Creating Forms

• Change Vendor's TIN During the Calendar Year

• Modify Taxpayer Information / Change the Dollar Amount after Forms have been Generated

• Define Reportability for Corporate Income

• Type 1 Corrections Using the 1099R, 1099ER, 1098ER, and 1042R Update Page

• Type 1 Corrections Using the M1099 transaction

• Making a TIN Change on Reported Income Page for Nonconsolidated 1099 Tax Records

• Making a TIN Change using the M1099 Transaction for Nonconsolidated 1099 Tax Records

• Making a Name/Address Change on Reported Income Page for Nonconsolidated 1099 Tax Records

• Making a Name/Address Change using the M1099 Transaction for Nonconsolidated 1099 Tax Records

• Making a Type 2 Correction on Consolidated 1099 Tax Records (users of Advantage Tax Reporting)

• Making a TIN Change on External Reported Income Page for 1098 Tax Records

• Making a Name/Address Change on External Reported Income Page for 1098 Tax Records

• TIN Change for 1042-S record

• Name or Address Change for 1042-S record