Content in the post includes:

• Webinar Replay
• Sage X3 Form 1099 Changes for Tax Year 2021
• Slides Available for Download
• Resources to Help You Close Out the Year

Watch the Webinar Replay 

Sage X3 Form 1099 Changes for Tax Year 2021

As 2021 draws to a close, there is one more area of change that may be lower profile, but still critically important: Form 1099 filling and reporting.

The changes to the 2021 1099 forms are indicated below:

• 1099 MISC - New Box 11
• 1099 DIV - New Boxes 2e and 2f
• 1099 NEC - New Box 2
• NEC form - height reduced to 3 per page

A 1099 cumulative patch is available and will update the X3 environment with any latest tax reporting changes.

The cumulative patch will contain the following:

• Previously delivered 1099 fixes that are not dependent on your current patch level
• 1099 tax filing form and box changes for 2017
• 1099 tax filing form and box changes for 2018
• 1099 tax filing form and box changes for 2019
• 1099 tax filing form and box changes for 2020
• 1099 tax filing form and box changes for 2021

Patch Compatibility:

• Patches are available for v11 and v12 only
  • For v21, 2019 R5 (v12p20) or higher is required

The 2021 1099 / 1096 changes are included in the following versions:

• Version 11 Patch 21
• Version 12 2022 R1

Let RKL Help you Navigate Form 1099 Changes

Form 1099 filing mistakes and noncompliance can be costly and time-consuming. Avoid these headaches with support from RKL. Our tax professionals are here to answer any questions you may have about the new filing and reporting requirements. Contact your RKL advisor or reach out through the form below to get started.

For additional details of the 1099 updates please visit the IRS.gov website.

 Download the Slides

Resources to help you close out the year

• RKL Support - Support@rklesolutions.com
• Year-End Excel Reports