Revised 10/09/2025
1099 Reporting
Overview
akoyaGO utilizes the standard 1099 functionality built into Microsoft Dynamics 365 Business Central. Microsoft Learn is the official source of documentation and is regularly updated to reflect product enhancements and tax compliance requirements. Linking to this resource ensures you receive the most accurate, current, and reliable information.
- Microsoft Learn: Introduction to the IRS 1099 Tax Forms
- Microsoft Learn: Set up and Use the IRS 1009 form
Quick facts about 1099 processing in Business Central:
- The following 1099 Tax Form types are supported: MISC, NEC, INT and DIV.
- Business Central now supports submitting 1099 Tax Forms electronically, with printable copies to vendors as Copy Substitutions. 1099 Tax Forms can no longer be printed from Business Central.
Components of 1099 Reporting in Business Central
1. IRS Reporting Periods - Each tax year should be represented with its own IRS Reporting Period
2. Forms/Boxes - Within each tax year, the desired IRS 1099 Form types must be listed. Under each IRS 1099 Form, the desired boxes must be assigned (e.g. under form type NEC, boxes NEC-01, NEC-02, NEC-04 are listed)
KA: 1099s in Business Central - Setup
3. Vendor Form Box Setup - Within each tax year, the desired vendors must have a form box associated with their vendor record
KA: 1099 - Coding Vendors and Entries
4. Adjustments - Manual adjustments can be made for vendors if information captured in Business Central is inaccurate/incomplete
KA: 1099 Adjustments in Business Central
5. Documents - 1099 Form Documents represent the forms to be generated for each vendor with 1099 activity during the Reporting Period. This is the basis for submitting 1099 forms to the IRS.
KA: 1099s in Business Central - Reports