1099 Setup

The following steps are required to set up 1099 forms (e.g., 1099-INT, 1099-DIV, 1099-NEC, 1099-MISC, etc.):

  1. Form Codes: Use the 1099 Form Type Maintenance screen to define codes for all the types of 1099 forms to be used.

  2. Accumulator Codes: Use the 1099 Transaction Accumulators screen to create unique codes for each box within a 1099 form. These codes can then be applied to both the 1099 form and the vendor.

  3. Box Codes and Minimums: Use the 1099 Box Minimums screen to define the minimum amounts required for each box number on each 1099 form, prior to reporting.

  4. Box/Accumulator Relations: Use the 1099 Box/Accumulator Relations screen to match the user-defined accumulator codes with the actual box numbers on the specified 1099 form.

  5. Payer Info: Use the 1099 Payers Maintenance screen to allow multiple CMiC company codes to be defined with a single taxpayer identification number (TIN). The final 1099 box amounts for vendors are accumulated by TIN number and not by company code.

  6. Media Types: Use the 1099 Media File Maintenance screen for the definition of different types of media.

For more information about how to set up and process Form 1099-NEC, and also how to complete the updates required in CMiC to existing 1099-MISC setup, please refer to Setup for 1099-NEC and Updates to 1099-MISC.

For more information about 1099 name printing order in Jasper Reports and XML output, please refer to 1099 Name Printing Order in Jasper Report and XML Output.