- Setup and Maintenance should be done yearly for 1099 forms, vendor base information, and preparation for 1099 processing.
- Enable the 1099 forms feature in Feature Management to transmit tax data to the IRS in the United States.
- The IRS Forms Guide Wizard guides users through setting up and processing 1099s for the reporting year.
- The Vendor Setup screen allows for inputting vendor data and updating vendor information for 1099 forms.
- The Propagate feature can be used to update vendor ledger entries and purchase documents with 1099 information.
- The Vendor 1099 Information report shows vendors, forms, and amounts for 1099 processing.
- 1099 forms can be sent to vendors via email or manually filled out outside of Business Central.
- Integration via IRIS APIs is available for submitting 1099 forms electronically, and emailing consent is required for electronic delivery.
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