Payables and Cash Management - EBS (MOSC)

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1099 US Tax Reporting Patches for 2014 have just been released!!

edited Jan 30, 2015 4:23AM in Payables and Cash Management - EBS (MOSC) 5 comments

Firstly - HAPPY THANKSGIVING!!!

Secondly - The 1099 Patches for 2014 reporting have been released.

Year 2014 IRS Mandated Changes:

The following updates were made to reflect the United States (US) 1099 tax reporting changes required by the US Internal Revenue Service (IRS) for the tax year 2014:

1. The payment year was updated from 2013 to 2014 on US 1099 forms.
2. The state of Iowa was removed from the Combined Filing Program.


What do you need to do?

1. Apply the following patch specific to your release:

11i: Apply Patch 19802504 - 1099 REPORTING CHANGES FOR YEAR 2014

12.0.x: Apply Patch 19802493:R12.AP.A - 1099 REPORTING CHANGES FOR YEAR 2014

12.1.x: Apply Patch 19802493

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