Resolution:
The functionality to print 1099 forms on Blank Stock/Plain Paper was added in Costpoint Version 8.1.26 and 8.2.6.
Steps to print 1099 (MISC and/or NEC) forms on Blank Stock/Plain Paper:
- Need to have created 1099 Information in Accounts Payable > Year- End Processing > Create 1099 Information.
- Go to Accounts Payable > Year-End Processing > Print/Create 1099s and Magnetic Media.
- Enter in the Calendar year, choose the Taxable Entity, and the 1099 Type (either 1099-MISC or 1099-NEC).
- Under the 1099 Paper section choose 'Blank Stock / Plain Paper'.
NOTE: Copy A cannot be printed from Costpoint on Blank Stock / Plain Paper. This copy will still need to be printed on a pre-printed form due to the red ink and to meet IRS filing requirements.
- On the Blank Stock / Plain Paper section of screen choose which copy to print, and choose a File Location. 1099s being printed on blank stock/plain paper must have an alternate file location selected in order to print.
- To print the 1099s, choose the drop down arrow aside of the gears and choose the 'Create 1099 Forms'.
NOTE: There is no print preview available for 1099s being printed to Blank Stock / Plain Paper.
- Once the process completes the normal message appears at the bottom of the screen, indicating the total number of 1099s printed and the total taxable amount.
- Go to Process>File>Download.
- Enter the Alternate File Location in the File Location field.
- Click the lightning bolt to execute.
- Select the file created.
- Click Download File.
Knowledge Base Reference Number: KBA #114897