Automate IRS 1099 form submission
Important
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| Enabled for | Public preview | General availability |
|---|---|---|
| Users, automatically | - | 
Apr 1, 2024 |
Business value
The 1099 form is a set of documents mandated by the Internal Revenue Service (IRS). The upcoming update streamlines the process with automated delivery of 1099 forms through an integration with the IRS. This automation also applies to automated delivery to vendors.
Feature details
Business Central's updated support for 1099 forms streamlines the process by automatically generating new 1099 documents when calculations are performed. Documents with the IRS 1099 calculation will have headers and lines, and each document also maintains an archive. You can make the relevant adjustments and modify the status of the document, such as Open, Released, Printed, Sent, Reported, Approved, or Rejected. Some statuses can be changed manually, while others are set based on specific actions, including Printed or Sent. Business Central also adds a new setup table with boxes and other detail configurations for specific periods. Each organization has the flexibility to update new values without overwriting setup information from previous years.
After a document is created and the manual adjustments are complete, you can initiate the automatic delivery of form substitutes by email, if vendors are configured to receive 1099 forms through email channels. If email isn't feasible, you can manually print substitutes (no usage of original forms by IRS) and send them. It's important to know that 1099 copies will be based on templates that you can change the structure of even before Microsoft provides the update. Microsoft won't change reports on a yearly basis, but will update templates with new information, making full support much better and easier. Because 1099 forms will use documents and Business Central keeps them archived, you can set up a Retention Policy to remove outdated documents.
You'll be able to submit the forms through the integration with the IRIS system that tracks status updates from the IRS. If the form is successfully received, the document status changes to Approved. If the form isn't successfully received or there are issues, it gets the status Rejected and is updated with the rejection information from the IRIS system. (Reporting through IRS APIs will be delivered in a minor release for 2024 release wave 1).
This updated capability is provided as an extension that replaces the existing capability. It adds a more user-friendly experience by improving the workflow efficiency and delivering additional value to users.
Tell us what you think
Help us improve Dynamics 365 Business Central by discussing ideas, providing suggestions, and giving feedback. Use the forum at https://aka.ms/bcideas.
Thank you for your ideas
Thank you for submitting these ideas:
- 1099's on blank paper
- 1099 update as an extension instead of incorporating in version upgrades
- 1099 Print to Blank paper
- 1099 Forms - print without using IRS preprinted forms
- Adjust 1099 Annual Cumulative Amounts by Vendor
- Add ability to have DBA name and legal name so IRS 1099 vendor reports are legal.
- 1099 Improvements
We listened to your ideas, along with comments and votes, to help us decide what to add to our product roadmap.