Hi Folks,
There is a requirement to generate 1099 for the security deposits interest issued to the utility customers. We are implementing both standard ERP and IS-U solution in the same instance. As the vendor invoices related to Material Management doesn't support regular with-holding tax, finance team has configured Extended with-holding tax. I could not find any configuration related to extended with-holding tax in FI-CA. Does FICA support extended witholding tax or just the classic with-holding tax?
Please advise.
Thanks,
Santosh