Premier Payroll users can simultaneously process 1099 payments via Netsuite's Accounts Payable (AP) and Payroll Service Modules.
Ceridian files 1099s and 1096s that are processed through NetSuite payroll. The payroll user can file 1099 and 1096 for the amounts they have on their AP system. This poses no issues when Internal Revenue Service (IRS) combines the filings because the IRS accepts multiple filings from employers and individuals.
NOTE: Payroll users are recommended to compare their 1096 with their physically filings. The amounts should exclude transactions processed through payroll.
For more information on multiple filings for 1099-MISC, please see
http://www.irs.gov/instructions/i1099gi/ar02.html
Disclaimer: This article is written with the undertaking that tax rules and laws are constantly changing and is intended for informational purposes only. The topic is updated up to the Publish Date found at the top portion of this page (below the Subject Title). For the most current information, please contact your accountant/tax consultant, call the tax agency or visit the government official website.
This article does not constitute tax, legal, or accounting advice and neither NetSuite, nor its agents, employees, or representatives are in the business of offering such advice. If you have any questions concerning your situation, please consult your tax, legal, and accounting advisors.
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