Difference between revisions of "IRS Extract"
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(Created page with "=='''Overview of IRS04'''== Category:IRS Reporting System") |
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=='''Overview of IRS04'''== | =='''Overview of IRS04'''== | ||
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| + | The IRS Extract allows your organization to generate the files needed to [[How Do We Submit IRS Files Electronically?|electronically report]] 1099 information to the IRS. | ||
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| + | Traditionally, the payee information should have been loaded into the IRS system when your organization completed year end processing. The following reports allow you to update the IRS system: | ||
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| + | * IL276 - Generate 1099 Statements | ||
| + | * IL272 - Generate 1099R Statements | ||
| + | * IL273 - Generate 5498 Statements | ||
| + | * AP34 - Vendor Listing by 1099 Type | ||
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| + | If these reports were not run at year end, or they were generated but the IRS information was not updated, you can generate them again to load the IRS information. | ||
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| + | Once the information has been loaded into the IRS Reporting system, you can generate the IRS data file. To do so: | ||
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| + | * From the DDI Connect main menu, double-click IRS Reporting System | ||
| + | * Double-click Reports | ||
| + | * Double-click IRS Extract. The parameters screen will launch: | ||
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| + | [[File:IRS Extract 1.png]] | ||
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| + | You have the following fields available to you: | ||
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| + | {| class="wikitable" | ||
| + | |- | ||
| + | ! '''Field''' !! '''Description''' | ||
| + | |- | ||
| + | | '''Tax year''' || Example | ||
| + | |- | ||
| + | | '''Form code''' || Example | ||
| + | |- | ||
| + | | '''Payer''' || Example | ||
| + | |- | ||
| + | | '''Transmitter''' || Example | ||
| + | |- | ||
| + | | '''State''' || Example | ||
| + | |- | ||
| + | | '''Only include records which have state tax withheld''' || Example | ||
| + | |- | ||
| + | | '''AIC include''' || Example | ||
| + | |- | ||
| + | | '''AIC exclude''' || Example | ||
| + | |- | ||
| + | | '''File Mode''' || Example | ||
| + | |- | ||
| + | | '''Test count''' || Example | ||
| + | |- | ||
| + | | '''Extract filename''' || Example | ||
| + | |} | ||
[[Category:IRS Reporting System]] | [[Category:IRS Reporting System]] | ||
Revision as of 12:35, 28 March 2012
Overview of IRS04
The IRS Extract allows your organization to generate the files needed to electronically report 1099 information to the IRS.
Traditionally, the payee information should have been loaded into the IRS system when your organization completed year end processing. The following reports allow you to update the IRS system:
- IL276 - Generate 1099 Statements
- IL272 - Generate 1099R Statements
- IL273 - Generate 5498 Statements
- AP34 - Vendor Listing by 1099 Type
If these reports were not run at year end, or they were generated but the IRS information was not updated, you can generate them again to load the IRS information.
Once the information has been loaded into the IRS Reporting system, you can generate the IRS data file. To do so:
- From the DDI Connect main menu, double-click IRS Reporting System
- Double-click Reports
- Double-click IRS Extract. The parameters screen will launch:
You have the following fields available to you:
| Field | Description |
|---|---|
| Tax year | Example |
| Form code | Example |
| Payer | Example |
| Transmitter | Example |
| State | Example |
| Only include records which have state tax withheld | Example |
| AIC include | Example |
| AIC exclude | Example |
| File Mode | Example |
| Test count | Example |
| Extract filename | Example |
