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How to pay Withholding 1099 funds to the IRS

AGRIS Customer Documentation

How to pay Withholding 1099 funds to the IRS

 

  1. If name is flagged YES for backup withholding (regardless of whether there is a tax id on name or not) then AGRIS withholds a percentage
    (as setup in PAT > Setup > patronage Refund setup)

    image-20241118-171218.png

    and posts to the backup withholding account (as defined in the PAT > Setup >System Integration).

    image-20241118-171135.png

 

  1. Run the standard patronage transaction report TAX WITHHELD REPORT to find the names and amounts withheld.
    these amounts must be passed onto the IRS.

 

  1. These funds must be passed onto the IRS on Form 945 along with a check/deposit for the funds.  Fill out the appropriate IRS forms.

 

  1. In AGRIS. create a voucher for the dollar amount with GL coding to the backup withholding account as defined in pat > setup > system integration.

   Issue a disbursement to the IRS

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