| # Reasons for 1099 Box Numbers (tfcmg1116m000) Use this session to assign the payment-reason codes to 1099 box numbers. Note If the specified reason code is used for a purchase invoice or standing order, the amount paid is included in the 1099-MISC Income information generated by the File 1099-MISC (tfcmg3204m000) session. Related topics 1099-MISC reporting Year for 1099 The 1099-MISC Income reporting year for which payment-reason codes are defined. 1099 Box Number Enter the 1099-MISC Income box-number for which payments-reason codes are defined. Note Box numbers are assigned by the IRS to categorize the various types of 1099-MISC Income to be reported. The box numbers specified by the IRS for 1997 are:
Box 1 | Rents
Box 2 | Royalties
Box 3 | Other income
Box 4 | Federal income tax withheld
Box 5 | Fishing boats proceeds
Box 6 | Medical and health care payments
Box 7 | Non-employee compensations
Box 8 | Substitute payments in lieu of dividends or interest
Box 9* | Direct sales of 5,000 or more of consumer products
Box 10 | Crop insurance proceeds
Box 11 | State income tax withheld
Box 12 | State payer's state number
These box numbers are subject to change by the IRS at any time. * Boxes 9 and 12 are filled in for 1099-MISC Income filing based on information maintained in the Pay-to Business Partner 1099 Details (tccom4126s000) session. These boxes must be excluded from this session. Reason for Payment Payment-reason codes associated with the specified year and the 1099-MISC box number. |