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Configuration in SAP
Step1. Financial Accounting->Financial Accounting Global Settings->Withholding Tax-->Withholding Tax
Step1.JPG
Step2. Maintain countries
Countries are maintained as per the postal addresses of the vendors as maintained in vendor master. The country codes as maintained for WT purpose are not always the same with those maintained for general purpose.
Ex: United Kingdom --'GB' is maintained into SAP for general purpose 'UK' is maintained for WT purpose.
Step 2.doc
Step3. Maintain type of Recepients
The types of recipients are published in IRS notification for 1099 Misc. Those are configured here in SAP.
Step 3.doc
Step4. Maintain tax codes
Withholding tax codes are maintained to understand the system the rates of tax to be applied.
Step 4.doc
Refer to this link: http://wiki.sdn.sap.com/wiki/display/ERPFI/1099+MI SC+Reporting-US+Withholding+tax
| | | ---------------Original Message---------------
From: likhit fico
Sent: Friday, November 11, 2011 12:00 PM
Subject: Form 1099 MISC e-Filing to IRS
Hi all,
What are the configuration steps required in SAP for a US Client in
order to do1099 MISC e-filing into IRS website from SAP.
Please explain the steps in detail.
Thanks in advance.
Likhit |
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