Function documentation1099/1096 Report: USA Locate this document in the navigation structure

 

  • 1099 forms are used for sending the details of outgoing payments paid to vendors within given calendar year, to the tax authorities. There are three different legal forms to be used when generating the 1099 report in SAP Business One:

    • Miscellaneous

    • Interest

    • Dividend

  • 1096 form is an annual summary of all payments grouped by type of form (Miscellaneous, Interest, and Dividend)

This report enables you to retrieve the information required for both 1099 and 1096 reports, and print it on the pre printed official forms.