Setting Up 1099 Software Vendor Information in Dynamics AX 2012

by | Jan 3, 2017 | Dynamics AX, Financials, Set Up

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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Upcoming Events

february

19feb12:00 pm12:30 pmHarnessing the Potential of Power Apps with Dynamics 365 Customer Engagement (CRM)

27feb11:00 am12:00 pmConfab With Stoneridge - Livestream - Cool Features in Dynamics 365 Business Central

march

04mar12:00 pm12:30 pmPower BI & Reporting with Dynamics 365 Customer Engagement

04mar2:00 pm3:00 pmHow to Incorporate the Power Platform with Dynamics 365 Finance and Supply Chain Management

12mar11:00 am12:00 pmConfab With Stoneridge - Livestream - Power Apps AI Builder

18mar12:00 pm1:00 pmMoving from CRM On Prem to the Cloud – Is it worth It?

18mar2:00 pm3:00 pmThe Past, Present, and Future of Dynamics 365 with Machine Learning and Artificial Intelligence

26mar11:00 am12:00 pmConfab With Stoneridge - Livestream - Portals

About Stoneridge
Stoneridge Software is a unique Microsoft Gold Partner, with emphasis on partner. With specialties in Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP and Microsoft Dynamics CRM, we focus on attracting the most knowledgeable experts in the field to our team, and prioritize delivering stellar solutions with maximum impact for your business. At Stoneridge, we are deeply committed to your results. Each engagement is met with a dedicated team, ready to provide thorough, tailored, and expert service. Based in Minnesota, we intentionally “step into your shoes,” wherever you are. We focus on what you care about, and develop trusting, long-term relationships with our clients.

Subscribe To Our Blog

Sign up to get periodic updates on the latest posts.

Thank you for subscribing!

X