1. If the vendor uses a different name for 1099 reporting than what is normally used for checks, enter the
1099 reportable name on the “2nd Name” field in VENSCN. You must have the “1099:” in front of the
reporting name. For example:
Vendor
Name
2nd Name
Address
2nd Addr.
City
State
Zip Code
:
:
:
:
:
:
:
:
777777
Status: 0 (Active
Austin Powers
1099:Powers Interior Design
40 Groovy Drive
)
CHECK ADDRESS INFORMATION
Mini Me
OH
88888
The F1099 program will automatically remove the “1099:” for reporting and submit with POWERS
INTERIOR DESIGN.
2. In the VENSCN, the F1099 program looks for any vendor flagged for 1099 reporting with a YTD total
equal to or greater than the minimum amount entered by the district. The “override” flag on VENSCN will
let you indicated that a 1099 should be created. Example:
1099 INFORMATION
1099 Type:
ID#: 000000000
Override:
Calendar:
Fiscal :
Report 1099 for vendor regardless of the YTD amount(must be greater than $0).
Enter "Y" to report 1099, leave blank to disable override.
If you choose to use this flag, the vendor will receive a 1099 regardless of whether or not they
meet the minimum reporting amount, as long as their YTD total is > $0.
3. When running the F1099 program, you may also choose to suppress 1099’s for any vendors
without a 1099 Id number.
Example:
1099 INFORMATION
Calendar:
1099 Type: ID#: 000000000 Override:
Fiscal :
4. Attorney Fees - In the USASCN/VENSCN enter the "1099 TYPE" as:
6-Attorney (Gross Proceeds)
Per : http://www.irs.gov/formspubs/page/0,,id%3D105391,00.html
Payments to attorneys - The term attorney includes a law firm or other provider of legal services.
Attorney's fees of $600 or more paid in the course of your trade or business are reportable in box
7 of Form 1099-MISC.