1099 form - Need to know if standard forms are available for 1099
Our requirement is to report withholding tax based on Expense GL Accounts. For Eg
Dr : Travel Expenses : USD 2000
Dr : Allowances : USD 1500
Cr : Vendor USD 3500.
In above example, Travel expense for USD 2000 is subject to withholding tax and Allowance expense for USD 1500 is not subject to withholding tax.
Do we have a standard report to distinguish withholding tax liability based on GL line item?
(Travel expense and Allowance expenses separately in the above example)
Secondly, as you can see in the attached screen shot, the GL Accounts are not appearing in S_P00_07000134 (Generic withholding tax reporting) report. We are planning to segregate the report by expense GL Accounts.
Do you also have a standard form to send 1099 report to each Vendor ?