1099 Backup Withholding

Question

Good Morning. I'm using Sage Businessworks 2018 and recently had a vendor ask me to collect backup withholding from payments. I'm at a loss as to how the withholding should be entered so that it will report on 1099 forms (box 4) at the end of year? Any advice? 
 
 Thank you

Coleen Graber · Answer

I am not familiar with backup withholding from payments on 1099s. Sage BusinessWorks only generates a Misc-1099 and calculates 1099 Totals based on checks paid to the vendor. You set up a vendor for 1099s and define which 1099 box but going into: 
 
 Select AP, Vendors, Maintain Vendors . 
 Select the Other button. 
 Enter the Federal ID# under the 1099 option. 
 Select the Box# where the payments should display. 
 
 Please see Knowledge Base article #56269 "1099 processing FAQ". If you have additional questions on how to set up 1099s in Sage BusinessWorks, then I would recommend working directly with a support analyst by calling 800-447-5700 to address your specific questions and what options there are in Sage BusinessWorks. 
 Thanks, 
 Coleen

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1099 Backup Withholding

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