This blog post will inform you about electronic files modification for 1099-MICS and 1099-NEC Withholding Tax Returns. The Internal Revenue Service (IRS) has published the specifications for electronic files for the fiscal year 2021.
These changes were incorporated in the electronic files:
Record A (Issuer)
Record B (Payee)
Record C (End of Issuer)
Record K (State Totals)
With this we provide electronic files for 1099-MISC and 1099-NEC returns that are compliant with the recent IRS specifications.
Should you have any comments, questions or suggestions, please let us know via Comments section below the blog post.
Okumaya devam et...
These changes were incorporated in the electronic files:
Record A (Issuer)
- Amount Codes – the length changed from 16 to 18 characters
- Blanks positions – the length updated from 8 to 6
Record B (Payee)
- Payment Amount fields were updated from 16 to 18 characters
- 16 positions for blanks are added
- Position of Foreign Country Indicator is updated
- Position of First Payee Name is updated
- Second Payee Name is removed
- FATCA filling indicator is removed and replaced with blanks
- Blanks positions updated
Record C (End of Issuer)
- Two positions added for Control Totals
- Blank’s positions length updated from 196 to 160
Record K (State Totals)
- Two positions added for Control Totals
- Blank’s positions length updated from 196 to 160
With this we provide electronic files for 1099-MISC and 1099-NEC returns that are compliant with the recent IRS specifications.
Should you have any comments, questions or suggestions, please let us know via Comments section below the blog post.
Okumaya devam et...