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1099 form - Need to know if standard forms are available for 1099

Nov 01, 2017 at 09:00 PM

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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.

screen.jpeg

Do you also have a standard form to send 1099 report to each Vendor ?

screen.jpeg (283.3 kB)
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1 Answer

Tammy Powlas
Nov 01, 2017 at 09:10 PM
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Ofer - withholding codes are usually by vendor and designated on the vendor master record; SAP has standard forms for 1099 but they are not available yet for 2017 https://launchpad.support.sap.com/#/notes/2527381

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