CK99 - COMBxx

Override default
This common code applies only to those clients that participate in the IRS's Combined Federal / State Filing Program. It is used to override the default minimum dollar criteria for state reporting. These dollar amounts are set by each state and reflect an aggregate amount paid to a vendor during the tax year as opposed to an amount for an individual 1099 category. Note that BusinessPlus will display a warning message to alert you if any value read from these common codes differs from the AVOS's defaults. For more information about this program, refer to IRS Publication 1220.
Note: BusinessPlus does not recommend overriding these default values without first consulting a tax specialist regarding the consequences of doing so.
Code Category: CK99
Code Value: COMBxx where "xx" is a 2-digit sequential number from "01" to "12"
Short Description: Not required.
Medium Description: Not required.
Long Description: Combined Federal / State Filing Program data
Associated Numeric Values
1-5: This field represents the minimum dollar criteria for state reporting as defined by each state. If a state doesn't participate in the program then this field is ignored. Note that not all states that participate in the program define this amount. In these cases, the vendor is reported to the state only when a 1099 is produced.
Associated Codes
1-5: Set to "Y" if the state or U.S. territory is a program participant. Non-participants are set to "N" (for states) or "X" (for U.S. territories). (REQ)
Associated Descriptions
1-5: The first two characters of this field represent the state or U.S. territory as defined in IRS Publication 1220, Part A, State Abbreviations. No abbreviations other than those defined in Publication 1220 will be processed by BusinessPlus. The remaining positions of this field are ignored by BusinessPlus and may be used to further define the abbreviation.