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Use this form to verify and update–according to the latest IRS requirements–the minimum amounts that 1099 boxes must contain for you to be obligated to file 1099 reports with the IRS.
You must update the default minimum amounts before you prepare a 1099 report for filing.
Note
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We recommend that you review IRS rule changes for the applicable tax year before you set up and process 1099 statements. |
Navigating
the form
The following tables provide descriptions for the controls in this form.
Tabs
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Tabs |
Description |
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Set up and modify fields for the 1099 reporting. |
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View the fields and boxes that are set up for 1099 reporting. |
Fields
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Field |
Description |
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The code that identifies a 1099 report box on an IRS 1099 statement. |
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The description of the 1099 box. |
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Update the minimum amount required for 1099 reporting according to latest IRS requirements. The IRS may require that if one amount on a form is greater than the minimum amount, all amounts must be reported, even if they are less than the minimum amount. |
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The type of IRS 1099 form. |
