Financial Management - PSFT (MOSC)

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IRS 1099 File correction

in Financial Management - PSFT (MOSC) 5 commentsAnswered

Hi Oracle Team,

I have an observation and a question for you.

We have sent the 2021 IRS 1099 FIle to IRS and there is a need to correct the withholding type from 1099N/01 to 1099M/10 for a supplier. Please note there is no amount correction just the withhold type and class.

In our test environment we did the withholding type correction for the supplier, then adjusted the withholding and ran the other processes to generate the corrected IRS FIle. Here is how the IRS file comes.

For this supplier, the IRS file has two B records (a) B2021 which has the withhold amount (b) B2021G having no amount.

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