Hey there! Can you believe it’s already that time of year again? Yep, it’s time to start thinking about 1099s. Just like last year, for the 2024 tax season, any business filing 10 or more information returns needs to e-file directly with the IRS. I know that sounds a bit daunting, especially since the new Dynamics GP 18.7 release doesn’t have a built-in e-filing feature. But don’t worry! I’ve got you covered with tips and options to make sure you can handle these requirements smoothly and stress-free.
Tried-and-True E-Filing Solutions to Keep Your Season Bright!
We know a lot of GP users have been asking for built-in e-filing through the feature request forum. But it looks like Microsoft is focusing on other enhancements for now, leaving e-filing to solutions that have already proven to be trustworthy and affordable. In fact, in a recent survey by Microsoft, these options came out on top as ‘Go-To Solutions’ for e-filing:
If you choose to file directly with the IRS using their web-based e-filing system called IRIS you will want to keep in mind, it only allows 100 returns to be uploaded at a time. For those needing to file more, we recommend going with one of the trusted third-party solution listed above for ease and efficiency.
These solutions have been recommended by fellow users for their reliability, so you can feel confident choosing the one that’s the best fit for you!”
Proactive Steps for GP Users
- Education: Familiarize yourself with the e-filing process. This will reduce apprehensions and help in smoother transitions.
- Select E-filing tool: IRIS or GP Compatible E-file solutions.If you choose to file directly with the IRS, you need to Apply for your IRIS number: Your IRIS Transmitter Control Code (TCC) is required for e-filing. Get yours here.
- Install 1099 SQL View: Microsoft provided a script that can integrate into your GP to view 1099 data in a Smartlist.
For those who may find this step challenging, ICS is here to support you through the process.
Getting Support
Remember, ICS stands beside you as your dedicated partner. If you are facing challenges with your e-filing process, don’t hesitate to open a support case with us. We’re committed to guiding you towards a successful outcome.
1099 Form Printing
For those of you on GP 18.6-18.7, you can keep enjoying the convenience of printing 1099s with lines and boxes right on blank paper—no special forms needed! And here’s some exciting news to look forward to: the Microsoft team is adding even more options, starting with 1099-MISC forms that will also print with lines and boxes on blank paper. Plus, 1099-INT and 1099-DIV forms are on the way, making tax season even easier!
| GP Version | Separate 1099-NEC | GP Prints Year on the Form | Needs Pre-Printed Forms |
| GP 18.7 | Yes | Yes | No, all 1099s can print on blank paper |
| GP 18.6 | Yes | Yes | No, all 1099s can print on blank paper |
| GP 18.5 | Yes | Yes | 1099-NEC can print on blank paper, rest need pre-printed forms |
| GP 18.4 | Yes | No* | Yes |
| GP 18.3 | Yes | No* | Yes |
| GP 18.2 | No** | No* | Yes |
| GP 2018 or before | No** | No* | Yes |
*Since IRS removed the year on the pre-printed forms, these versions will need to have the report modified to include the year
** ICS does have a workaround. If you need to print both, please contact Support for assistance.
