Setting up Forms 1099

Follow the steps described in this section to set up the Forms 1099 functionality after installing the Tax Reporting package.

You must be assigned a System Administrator profile and the Tax Reporting - Generate Reports for Single Company permission set to perform the steps. Access the related help page and complete the tasks described.

Forms 1099 Setup Tasks
Step Task Further Information
1 Assign the Accounting permission set to the relevant users to edit the Income Tax Type and Federally Reportable fields on the Account object, and create, edit, and pay the payable invoices and payable credit notes retrieved in the preparation process of the Forms 1099-MISC and 1099-NEC. Permission Sets and Other Technical Documentation
2 Ensure that the profiles assigned to the relevant users have permissions to edit and read records of the Account Extension object in Foundations enabled. See the Salesforce Help.
3 Assign the Tax Reporting - Generate Reports for Single Company permission set to the relevant users to access the Tax Reporting Task Launcher and perform the tasks. Permission Sets and Other Technical Documentation
4 Assign the required permissions to the relevant users to access the Files tab. See the Salesforce Help.
5 Share the 1099 Reports folder with the relevant users.
6 [Optional] If the legal name that you want to appear on the CSV files generated in the 1099-MISC and 1099-NEC preparation processes differs from your account name, then add the Account Legal Name field to the Account Extension page layout.
7 [Optional] Create an account extension record for each account that you want to define a legal name for and enter the legal name in the Account Legal Name field. Creating an Account Extension
8 For the 1099 Income Tax Type Picklist Update Feature Console feature, revert steps 1-4 and perform them again along with step 5. Enabling 1099 Income Tax Type Picklist Update
9

On each 1099 reportable account record select:

  • The Federally Reportable 1099 checkbox
  • An appropriate category in the Income Tax Type field
 Custom Account Fields