The 1099 Reporting Information by Department (1099ID) page allows you to define valid Taxpayer ID Number (TIN), TIN Type, and Department combinations and provide tax related information for the 1099 Reporting process. If the taxpayer is used for 1099, then the 1099 Reportable flag should be selected. If a TIN and TIN Type should not be 1099 reportable, then deselect the 1099 Reportable flag when creating a new record.
Depending on your site’s security setup, records can be added to this table manually or through the Vendor/Customer Creation (VCC) or Vendor/Customer Modification (VCM) transactions. Records may also be modified on this table manually or through a Vendor/Customer Modification (VCM) transaction. You can use the Create New Record or Modify Existing Record actions that are available on the Vendor/Customer table to easily create these transactions. You can also create these transactions from the Transaction Catalog. In some cases, a record can be automatically created on this page by information from a Payment event. This occurs when a Miscellaneous Vendor is used on a Payment Request and a TIN/TIN Type is provided on that Payment Request that does not exist on 1099I and 1099ID. When this occurs, the TIN/TIN Type and Payment Address are used to create a new record on 1099I and the TIN/TIN Type, Department, and Payment Address on the Payment Request are used to create a new record on 1099ID.
Please refer to the “1099 Reporting Information (1099I)” topic in this user guide for more information.