Overview

Since v27 of Dynamics 365 Business Central, Microsoft has introduced a new way of creating and processing 1099s for your vendors.

There are basically 3 screens that you have to go to:

1. IRS Reporting Periods – Define and Update the vendor data
2. IRS 1099 Form Documents – Creates the documents for filing
3. IRS 1099 FIRE – Exports the filing for magnetic media

Here’s a video I made that breaks down how to generate 1099s into its essence without too much nonsense.

Printing of Forms

In the new way of processing 1099s, it does not look like Microsoft will NOT be supporting the preprinted 1009 forms anymore.

Instead, it will only support the exporting of magnetic media data and connecting to IRS directly using IRIS (Information Returns Intake System).