Common Codes - 1099-MISC
Below is a list of common codes that the 1099-MISC process uses, listed alphabetically per Code Category. Run BK99CR to evaluate the configuration of these common codes.
Note that "XX" may be (1) a two-character code like RT01/xx would be RT01/AF, or (2) a consecutive number like "CK99/RELATEXX" would be defined within NUUPCD as CK99/RELATE01 (or CK99/RELATE02).
Common Code | Description | Required? |
|---|---|---|
System reads the common code and automatically updates various internal processes. | Y | |
Links the various "Relate To" codes into boxes of the 1099-MISC form. The codes within this common code is defined at initial setup. | Y | |
System reads the common code and automatically updates various internal processes. The code also defines information about the organization creating the 1099-MISCs, the filing method, tax year, and minimal dollar threshold, preferred address codes to display within the 1099s, and more. Review this code annually. Also, the code referencing PEID information must be defined within the PE Information (PEUPPE) page. | Y | |
Required for electronic filers to define the data that is included in the transmitter "T" record. Review this code annually. Code references PEID information that must be defined within the PE Information (PEUPPE) page. | Y | |
Applicable to clients that participate in the IRS's Combined Federal/ State Filing Program only. | N | |
Calculate 1099-MISC withholding, also known as backup withholding or BWH. In order to activate Withholding, both the SSN and TIN must be blank for given PEID. The Withholding process will not check the 2nd TIN NOT box on the 1099-MISC forms Copy A or Copy C. Once the IRS sends notice to withhold at a specified rate, check a toggle box titled "2nd TIN Notice" within the Vendor's record within PEUPPE > Vendor tab > 1099 section. | N | |
Control the display of federal and state withholding amounts on the 1099-MISC with this common code. If no vendors were subject to withholding, this common code may be omitted. | N | |
Control the types of warning messages displayed when processing 1099. Without this common code, the system assumes that all warning messages are desired. | N | |
Record a request for Form W-9 from the PEID. Add a record within the PEUPPE page, Associations tab, that the request has been sent. | N | |
Record the receipt of the Form W-9. Add a record within the PEUPPE page, Associations tab, that the W-9 form was received. | N | |
Report Foreign Account activities. The code creates an Associations code for use on the PE Information (PEUPPE) page, Associations tab. Add this code to a PEID to check the FATCA box. For additional information, read the IRS' Foreign Account Tax Compliance Act. | Y | |
Convert the name and address on the 1099-MISC to U.S. Postal service requirements. | Y | |
Define any values to be entered into the Relate To fields on the AP Invoice Entry pages. Relate To codes are used primarily to flag transactions that should or should not be included in the 1099-MISC processing. These common codes are defined at initial setup. | Y | |
Define any values to be entered into the Relate To fields on the AP Invoice Entry pages. Relate To codes are used primarily to flag transactions that should or should not be included in the 1099-MISC processing. These common codes are defined at initial setup. | Y | |
System reads the common code and automatically updates various internal processes. Adjust the vertical alignment of laser printed 1099-MISC forms. The code value "xy" of the common code represents the 1099-MISC form definition used in the 1099-MISC process. Valid options are SPFM99PR (paper) and SPFM99MR (magnetic). | N |