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1099 Forms

  • 1.  1099 Forms

    Posted 14 days ago
    Hi All--

    Does anyone have information on courses/ learning sessions related to the change in 1099 forms for 2020?  I know this question isn't directly related to NAV, but since our company uses it to access information related to the 1099's I thought I would ask.

    Thank you!

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    Sara Sharkey
    Accountant
    Compax
    Salt Lake City UT
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: 1099 Forms

    NAVUG ALL STAR
    Posted 14 days ago
    Not sure if this is what you're asking, but there is another thread concerning the new 1099-NEC for to report non-employee compensation.  See this thread for more info:

    https://www.navug.com/communities/community-home/digestviewer/viewthread?GroupId=49&MessageKey=e57fe0b9-4d21-4f99-8f45-c9e83c4b712a&CommunityKey=95503735-5a0b-4af1-8326-9bd7bb3b4d3d&tab=digestviewer&ReturnUrl=%2fcommunities%2fcommunity-home%2fdigestviewer%3fcommunitykey%3d95503735-5a0b-4af1-8326-9bd7bb3b4d3d%26tab%3ddigestviewer

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    David Wiser
    Sr. Solution Consultant
    Tigunia
    2019-2020 Board of Advisors
    BCUG|NAVUG All-Star
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    Academy - Online Interactive Learning from Experts


  • 3.  RE: 1099 Forms

    GOLD CONTRIBUTOR
    Posted 13 days ago
    Edited by Thomas (Tom) Blaisdell 13 days ago

    Hello All,,

    Thank you for the posts and for everyone who has provided guidance.

    Microsoft Dynamics Business Central and NAV Global Development is in the process of creating the new Report.  The new 1099-NEC Report will release in Cumulative Updates for Microsoft Dynamics NAV 2016 through current versions. In addition, the 1099 MISC will include the change for the removal of Box 7 as Non-employee Compensation and restructure under the new 1099-MISC format for 2020 filing.  At this point, we do not have the timing on whether this will be included in the November, December or January Cumulative Update Release. For Microsoft Dynamics NAV 2015 and earlier, the report will need to be pulled from the 2016 and brought back as these versions are no longer under current Development suppport with the five year life cycle, or custom development of the Report will need to occur.

    Thank you,
    Best Regards,
    Tom



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    Thomas (Tom) Blaisdell
    Sr. Support Escalation Engineer
    Microsoft
    Alpharetta GA
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    Academy - Online Interactive Learning from Experts


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