What A/P Needs to Know About Januarys Form 1099 Changes
January, 2002
Accounts payable professionals who dont review the new 1099 forms for reporting calendar year 2001 may run into trouble. These forms are not the same as the previous ones. In an attempt to improve efficiency, the IRS has again made changes to Form 1099-MISC. These changes must be incorporated in all forms filed for calendar year 2001. The American Payroll Association (APA) prepared and distributed this new information as part of its Accounts Payable/Disbursements Preparing for Year End and 2002 seminar.




