HOTSPOT -
A client plans to use Dynamics 365 Finance for year-end 1099 reporting in the United States.
You are viewing a vendor master data record on the 1099 FastTab.
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.
Hot Area:
Seems correct
first asnwer is correct but 2nd answer should be Tax 1099 i think! https://learn.microsoft.com/en-us/dynamics365/finance/localizations/noam-usa-set-up-vndrs-1099-rprtg
Why to put localisation question on the exam? I don´t understand MS
Second answer is wrong: it should be 1099 Box. I'm trying to write out why, but ExamTopics won't accept my comment.
this must be check for W-9, cause W-9 not received is set to toggled off
A: Check for W-9 B: 1099 box
Do people agree with the below? Is there a relevant MS page for this?
Agree with kripe86, why to put US localization question ? The first answer seems wrong ! If the invoice posts, check for W9 should be the correct answer
- check for W-9 - Fed Tax ID
C. W-9 has not yet been received - The prompt “W-9 has not yet been received” appears when the vendor invoice posts because: The vendor is configured for 1099 reporting (Report 1099 = Yes). The W-9 received checkbox is unchecked (W-9 received = No), indicating no Form W-9 has been provided. The Check for W-9 parameter is enabled (Check for W-9 = Yes) in Accounts Payable parameters, which triggers a warning during invoice posting for 1099-reportable vendors without a W-9. A. 1099 box - To set up a default federal tax withholding type on an invoice journal, the 1099 box (Option A) should be configured on the vendor record. This field defines the default 1099 form and box (e.g., 1099-NEC Box 1, 1099-MISC Box 7) for the vendor’s transactions, ensuring that invoice journal lines automatically inherit the correct 1099 category.