welcomewiki has just posted in the SAP FICO Forum forum of Wiki Newforum under the title of Using 1099 MISC Reporting.
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In my system the witholding tax code field shows only one option Y (back-Up Witholding) instead of 7 and 42. ALso it gives me message "Extended witholding tax functionality is not active".
Do I miss some settings on the global level, or I just need to update the vendor master records?
We are on 40b. If you do not have any w.tax code, you can create them in Tcode OBC7. But I have seen standard w.tax code on this screen provided by SAP. Pl. note that you may only be able to see the w.tax code on the vendor master if you are in change mode. For some unknown reason, when you are in display mode, SAP tells you that there are no w.tax codes.
The first report in 4.0b gives all the correct 1099 vendor numbers as well as the error list of incorrect vendor numbers.
The second report gives all the 1099 line items by vendor posted during the year.
The third report lets you print the actual form for IRS/vendors and also lets you send the file electronically to IRS.
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