2022 Year End Accounts Payable (ACP) Webinar [1099-NEC, 1099-INT, 1099-MISC]

We are posting three Year End Webinar Sessions. One for Payroll, One for Accounts Payable and one for Patronage. The recording was completed in 2021, but is still relevant and accurate this year.

During this webinar, we cover:

How to conduct 1099-Misc Reporting
How to handle 1099-INT Reporting
How to correct reported numbers

2022 items to note:

250 Limit - if filing more than 250 returns, then the information must be filed electronically, along with printing out forms for vendors. This 250-threshold requirement applies separately to each form.
1099’s forms are filed with the IRS through the FIRE System at //fire.irs.gov/.
This site is currently down for updates Nov 25th thru Jan 5th.
If filing 1099’s electronically, you must have a Transmitter Control Code & FIRE system login.
So that you buy the right forms for you printer, the number of returns per 8.5-inch x 11-inch page is as follows:

ACP	1099-NEC	3 FORMS TO A PAGE	22 LINES PER FORM (2.83-INCHES TALL)
ACP	1099-MISC	2 FORMS TO A PAGE	33 LINES PER FORM (5.5-INCHES TALL)
ACP	1099-INT	2 FORMS TO A PAGE	33 LINES PER FORM (5.5-INCHES TALL)

Deadlines for 1099 forms for 2022
There are three types of 1099 forms that can be printed from AGRIS and each type of form may have a different deadline.

Form	1099 Due Date to Recipients	Filing to IRS By Mail	E-Filing to IRS

Form	1099 Due Date to Recipients	Filing to IRS By Mail	E-Filing to IRS
1099 NEC	January 31, 2023	January 31, 2023	January 31, 2023
1099-MISC (No Data in Boxes 8 or 10)	January 31, 2023	February 28, 2023	March 31, 2023
1099-MISC (With Data in Boxes 8 or 10)	February 15, 2023	February 28, 2023	March 31, 2023
1099-INT	January 31, 2023	February 28, 2023	March 31, 2023

AGRIS V22.3.0 Created December 2022
If you are on at least 21.3, then you do not need to upgrade to the latest AGRIS version just to report 1099-NEC, 1099-INV, or 1099-MISC. With a slight adjustment of adding a year to print, the forms are the same.
Minimum report amounts and What Prints

Form Type	Minimum Reporting Requirement	What Prints on this Form ACP > setup > voucher setup > assign 1099-form

Form Type	Minimum Reporting Requirement	What Prints on this Form ACP > setup > voucher setup > assign 1099-form
1099-NEC	$600	Freight Vouchers
1099-MISC	$600	Rent Vouchers - Attorney Vouchers - Medical Vouchers
1099-INT	$10	Interest Credits earned from prepay/payments on hold Deferred Grain interest Vouchers (keyed into a different dataset as Interest Vouchers)

Recording of the Webinar can be found HERE: