Setting Up 1099 Software Vendor Information in Dynamics AX 2012

By Tom Irsfeld | January 3, 2017

Setting up 1099 software vendor information in dynamics ax 2012

There is a multitude of 1099’s processed in January. Here is the basic information you need to know in order to set up 1099 software vendor information in Dynamics AX 2012. One of the fields required by the Internal Revenue Service when filing 1099 information electronically is information regarding who the software vendor is that wrote your 1099 file creation software.

The specific fields required for the 1099 software vendor information include:

  • Whether the 1099 filing software was built in-house or by a software vendor (Unless you aren’t using the filing from Dynamics AX, in which case, you can quit reading this blog post, you would always choose Software vendor.)
  • The 1099 software vendor name
  • Telephone number of the software vendor
  • Name, phone and email of the contact person/team of the software vendor
  • Address of the software vendor

 

This information can be entered when creating legal entities (Organization administration > Setup > Organization > Legal entities), on the Tax 1099 fast tab, using the 1099 Software vendor button. It’s optional, but if you haven’t entered this information ahead of time, when you try to file, Dynamics AX will force you to enter it at that time.

When recently setting this up for a new client, I had some difficulty figuring out what to set these values to, so I reached out to my friends at Microsoft on the Dynamics AX product team for assistance.  Their recommendation for populating these fields was as follows:

Software Vendor

Software Vendor

So this January, or whenever you need to populate this information, now you know what to set these field values to.

Related Posts

Recommended Reading:

Manage U.S. Use Tax on Purchase Orders in Dynamics 365 Finance and Operations

  Managing sales tax requirements on your business purchase can be complicated, but Dynamics 365 Finance and Operations can help […]

Read the Article
5.19.22 Dynamics CRM

How to Write a Great Support Ticket in the Stoneridge Support Portal

Submitting a support ticket through the Stoneridge Support Portal is a quick and effective way to get assistance for any […]

Read the Article

Managing Your Business Through Uncertain Times Using Dynamics 365 Finance and Operations

  Dynamics 365 Finance and Operations (F&O) can help you make informed decisions on how to move your business forward. […]

Read the Article
5.13.22 Power Platform

Using Power BI Object Level Security

  The following article will demonstrate how to use Power BI Object Level Security to disable column data based on […]

Read the Article
5.12.22 Dynamics CRM

How to Use the Stoneridge Support Portal

Stoneridge Software’s support portal is an intuitive and useful function that makes it easy for you to access resources to […]

Read the Article
5.6.22 Dynamics GP

Dynamics GP Transaction Removal: Purchase Orders

  Are you having performance issues with Purchase Orders?  Do you find that there are old Purchase Orders on your […]

Read the Article
5.5.22 Dynamics GP

The Real Story about the Long-Term Future of Dynamics GP Support

I’ve seen a number of people put forward comment that Dynamics GP is going away and you have to get […]

Read the Article

New Features in Dynamics 365 Business Central 2022 Wave 1 Release – Financial Enhancements

The Dynamics 365 Businses Central 2022 Wave 1 Release has a lot of new and exciting features to help your […]

Read the Article
4.29.22 Dynamics GP

Dynamics GP Transaction Removals: Bank Reconciliation

  This is part 2 of a 3 part series on Dynamics GP Transaction Removals. These quick tips will hopefully […]

Read the Article

Start the Conversation

It’s our mission to help clients win. We’d love to talk to you about the right business solutions to help you achieve your goals.

Subscribe To Our Blog

Sign up to get periodic updates on the latest posts.

Thank you for subscribing!

X