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“Still Struggling with 2020 1099 Changes? Important PeopleSoft 1099 links to assist you”

Madhavi Makkapati
Product Strategy Director

Still struggling with 2020 1099 changes? PeopleSoft hosted a series of advisory webcasts to assist customers with 1099 changes. Don’t panic if you missed any of the advisory webcasts, we have recorded them for you. Here are the links for the webcasts.

Nov 5th, 2020 – Getting Ready for 1099 Changes and Answering Your Questions

(Doc ID 2723775.1)

Covered the Mandatory Withholding Configuration changes, Supplier Withholding updates, and the withholding transaction updates.

Nov 18th, 2020 – PeopleSoft Accounts Payables - PeopleSoft 1099 Update for 2020 Get your Copy B’s out (Doc ID 2718461.1)

Covered the yearly fixes for IRS 1099 changes for year 2020 which included the new Form 1099 NEC and revised 1099 MISC. Also Forms 1099G and 1099 I with 202 Copy B instructions were delivered.

Dec 10th 2020 - PeopleSoft 1099 Change Update and Address Your Questions (Doc ID 2728127.1)

Covered the overview of 1099 related patches and most Frequently asked question service requests, Communities and past webcasts and overview of 1099 Job Process and tables involved.

Advisor Webcast Question and Answers: Community Thread

As per customer’s request we delivered 1099 Changes for year 2020 in two phases.

Phase 1 Delivered in Apr 2020. Refer (Doc ID 2592586.1)

Patch includes:

  • Manual Instructions Upd31114646_setup.doc (Rel9.2)
  • Supplier Report APX2020 to identify suppliers that needs update
  • Queries to Identify Withholding transactions and unpaid vouchers for 2020

Follow up patches

Phase 1 Delivered in Nov 13th 2020. Refer (Doc ID 2715574.1)

Patch includes:

  • Changes to 1099 processes and Run control components
  • BI Publisher reports for supported 1099 forms

Follow up patches

All the above links are available in Master Doc ID
EAP WTHD20: 1099 Reporting IRS Changes for the Year 2020 (PeopleSoft Enterprise Payables)
(Doc ID 2715574.1).

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