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  1.  Verify 1099 information for vendors. 

  Code Block
  MENU>VENSSN

  • • Make sure to check that all vendors flagged to receive 1099's are ACCURATE (vendor name, address, 1099 type is valid/legal, and social security or tax ID number). Use the following options:
      •  VENSSN/Option 6: 1099-MISC Vendors Only (Regardless of YTD Activity)
      •  VENSSN/Option 4: 1099-MISC Vendors and YTD Activity meeting IRS requirement
  • • In Order to check for Vendors that have not been flagged, use the following option:
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        VENSSN/Option 5: NOT 1099-MISC Vendors and YTD Activity > $599.99

  Tip
  If the vendor uses a different name for 1099 reporting, enter the 1099 reportable name on the 2nd name field on the vendor record. Enter the digits 1099:followed by the IRS 1099 name.

  
  

  Info
  title Optional IRS Verification
  Requires an IRS e-services account IRS Interactive TIN/Name matching program. You may enter up to 25 TIN/Name Combinations and get immediate results IRS Bulk TIN/Name matching program. You enter a file with TIN/Name Combinations and submit to IRS. You will receive a file with results within 24 hours. Run the TINMATCH program to assist with generating a file to submit to the IRS Bulk TIN/Name Matching programprogram Image Added

  
  

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  2. Verify the TIN type is entered and correct on the "SSN/EIN" field on the vendor record in VENSCN.

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    Run the F1099 program saying NO to create the tape submission file and review the F1099 report for TIN Type errors. 

    Code Block
    MENU>F1099

    
    

    Tip
    Errors are listed UNDER the vendor.

    
    

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