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Updates to 1099 Vendor Payment Report SuiteApps

in Announcements

For the 2020 tax year, the Internal Revenue Service (IRS) has introduced the 1099-NEC form for reporting all nonemployee compensation. As part of this introduction, the IRS has also changed or moved fields on the 1099-MISC form.

The following SuiteApps for reporting third-party vendor payments have been updated to support these changes:

  • 1099 Vendor Payment Report - Yearli/Greatland - Bundle ID 199464 (unmanaged)
  • 1099 Vendor Payment Report - Track1099 - Bundle ID 250920 (managed)

After you have installed the latest versions of these SuiteApps, two saved searches will be available, one for each form:

  • 1099 Vendor Payment Report - MISC
  • 1099 Vendor Payment Report - NEC

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

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