1099 Processing

Navigate: ClosedTax > Tax Accounting > 1099 Processing

Description

The 1099 Processing task is used to create:

  • 1099 forms to send to the IRS and to taxpayers.

  • 5151INT forms, part of the 1099 form for interest received on tax refunds.

Steps

  • Create and maintain the 1099 interest on the Process 1099 Interest screen.

Dependencies, Prerequisites, and Setup

Set the 1099 interest on the Set Up 1099 Interest screen via Tax Accounting > Setup > 1099 Interest.