1099 common payers are setup on the legal entity record. 1099 common payers can be used when one legal entity acts as a reporting entity for one or more other legal entities. Learn more about 1099 setup and management.
Security
Users must have the following permission to set a legal entity as a 1099 common payer.
Administration → Legal Entities → Edit Legal Entities
These permissions can be added to custom user roles or individual users. The Permission Access report can be used to determine which user roles or users already have these permissions assigned. For more information, see User Setup and Security.
Setup a 1099 Common Payer
To setup a common payer for 1099s, follow these steps:
Click steps to expand for additional information and images.
1) Navigate to the Legal Entities page.
2) Open the legal entity record to be set as a common payer.
3) In the 1099 Processing section, select the This Legal Entity is a Common Payer checkbox.
4) Hover over save then select save and close.
5) On the legal entities page, open the legal entity record that will be reported through the common payer.
6) In the Report 1099s through dropdown, select the common payer (the legal entity set as a common payer in step #3).
Only legal entities that have been indicated as common payers on the legal entity record are available for selection in the dropdown.
Organizations can have more than one common payer. Ensure that the correct common payer is selected.
7) Hover over save then select save and close.
8) To mark additional legal entities as reporting through the common payer, repeat steps #5-7.
Setting up a common payer does not automatically apply to all legal entities, and organizations can have more than one common payer.