Open Forum

Topic: 1099-MISC Processing Issues

  • AX 2012 R2
  • Finance

1.  1099-MISC Processing Issues

Posted 4 days ago
We're running AX 2012 R2/CU7 and experienced some issues with preparing 1099-MISCs.

Here's the situation:  We pay our Board of Directors fees through A/P and report them as nonemployee compensation in box 7 of the 1099-MISC.  We're not able to populate the Federal and State tax withholding boxes as well as the State Income box.  I realize the State income box is not necessarily that important; however the tax withholding boxes are a must.  We're not sure if it is a processing issue on our side or a bug in AX.  Any ideas or help will be appreciated!

Thanks.

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Jimmy Stewart
AXUG Virginia Chapter Leader
www.axug.com/richmond

Director, Financial Operations
Shentel
Edinburg, VA
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2.  RE: 1099-MISC Processing Issues

Posted 3 days ago
There is usually a hotfix issued every year to address changes that effect the 1099 reporting.

See the link below
https://blogs.msdn.microsoft.com/axsupport/2017/01/10/dynamics-ax-1099-tax-updates-for-2016/

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Lloyd Dehn
Dynamics AX Lead Developer
Braun Intertec
Bloomington MN
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3.  RE: 1099-MISC Processing Issues

Posted 2 days ago
Hi Jimmy - From the vendor record, there is a button 'Vendor settlement for 1099' (AX2012R3). This button allows you to adjust amounts on an invoice reportable by 1099 or even add a manual 1099 adjustment (which can include federal and state withheld amounts). Take a look and see if this solves your issue. Thanks, Susan

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Susan Alvarez
VP of Consulting Services
ITK Solutions Group
Atlanta GA
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