1099 supplier

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Post Reply
manpreet
Posts: 12
Joined: Wed Oct 10, 2007 10:41 am
Location: India

1099 supplier

Post by manpreet »

dear friends,

what is 1099 supplier
Top
M Morton
Posts: 12
Joined: Mon Jul 16, 2007 6:16 pm
Location: USA

Post by M Morton »

Its a USA specific item.

When a supplier works as independent contractor. He is liable to pay Tax. He is supposed to make payment to authority.

1099 is a form issued by the employer/customer indicating the income made by the supplier during a period. No Tax is deducted for this supplier.
Top
manpreet
Posts: 12
Joined: Wed Oct 10, 2007 10:41 am
Location: India

Post by manpreet »

dear
your mean lawyer,CA,professionals,employees and other contractors is 1099 supplier

please suggest me
Top
Post Reply

Return to “Financials (GL, AP, AR, FA & CM)”



Who is online

Users browsing this forum: Bing [Bot], Google Adsense [Bot] and 1 guest