It’s hard to believe that it’s already that time of year! It’s not too early to start gathering  up your 1099 tax information to report to the IRS!  As you start to dive back into this once-a-year project, you might be wondering where to start: Are all the payments in? Are the batches posted?  Have I updated Address Book with the right tax identification and mailing address?  Do I have the AAI’s set up correctly?  Did I order the right forms?  Whew!

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We’ve been busy getting ready, too!  First, as always, we have been in contact with the IRS to determine what information has changed this year.  There were just a few little changes that were required for reporting purposes.  Our 2014 updates reflect these changes. For information, link to 2014 1099 Process and IRS Regulation Changes (Doc ID 1936156.1).

 

We have also been creating new knowledge documents for 2014.  To make sure you’d have all the information you need for this year, we did some analysis of our service requests reported during 2013.  There were trends for common questions, so let’s address those:

 

  • Is the download ready? We all remember the government shutdown last year meant that our updates weren’t out as early as in previous years, which might have led to this very common issue.  To check on the availability of your 2014 updates and link to the download information for your release,  link to:
    • JD Edwards World 1099, W-2 and T4 Year-End Updates for 2014 (Doc ID 1929486.1).


Remember! We’re just as anxious as you are to get your download.  When the Update # listed on the above document is shown with a hyperlink within the document, that means it’s ready to download!  Go for it!


  • Where are the install instructions? The install instructions are all available in the download, so when you link to the download, you should find the instructions there.

 

  • What are the JD Edwards World release and IBM operating system requirements to get the update? You can find  answers these documents:

 

    • JD Edwards World Release and IBM Operating System Requirements for 2014 Year-End Updates (Doc ID 1933645.1)
    • Financials and Payroll Legislative Updates for Oracle JD Edwards Releases on Sustaining Support (Doc ID 1613249.1)

 

· If using the GL Method, amounts are missing or incorrect. This was almost 100% of the time an AAI setup issue. Save yourself some frustration and carefully review the question:

    • Why does the system include only a few of the records for the current year in the 1099 Audit File (F045144)? on Doc ID 1050866.1 for complete details on AAI setup as well as a few other reasons this might happen.

  • If using the AP Method, amounts are missing or incorrect. Again, more often than not Category Code 07 has not been updated properly on the associated vouchers.  Review these documents for answers:

 


We hope these tips help you get off to a great start and successful 1099 season.  Make sure to watch our community for any important new announcements or information! https://community.oracle.com/community/support/jdedwards_world/financial_management_-_jdew.