The 2024 1099 Vendor Patch was released on November 19, 2024, for PUM 9.2 customers as part of PUM Image 52. For customers on App Version 9.1, the patch is scheduled to be released on December 13, 2024.

Summary of Changes

  • New State Codes Added
    • Code 44: Rhode Island
  • Corrections to Last Year’s State Codes
    • Code 11: District of Columbia
    • Code 42: Pennsylvania

    (Please refer to the latest revision of IRS publication P1220 for any corrections or updates)

  • Recommendations
    • Review All State Codes: Ensure compliance with IRS publications.
    • Run Analyzer: Identify potential data issues and missing patches related to 1099 filings.
    • Review Withholding Patches: Apply these patches as needed.

IRS Form and Instruction Updates for 1099-MISC, 1099-NEC, 1099-INT, and 1099-G

  • Instructions
    • Unchanged for 1099-MISC, 1099-NEC, 1099-G
    • 1099-INT
      • Routing Transit Number (RTN) Information
      • Box 7
  • Forms Changes
    • Applicable to 1099-MISC, 1099-NEC, 1099-INT, and 1099-G
    • Revision changes in the form type box and bottom left sections of the form.

Special Notes for Different Customer Groups

  • Customers on Older PeopleTools Versions (Non-PUM Architecture)
    • PeopleTools 8.53.10 or later and App Version 9.2 or later is required to utilize PUM architecture.
    • Customers on earlier versions require custom development for 1099 compliance.
  • Customers Without Oracle Maintenance Contracts
    • The 1099 Patch is available for customers with active Oracle Support contracts.
    • Customers without contracts need to:
      • Work with developers or contractors to create in-house 1099 reports.
      • Ensure complete custom development for compliance.

Critical Bug Updates for 2024

  • Bug 37025186 – For Customers with Purchased Service
    • Includes all 1099 fixes posted after the 2023 update.
    • Prerequisite: Patch 35823904 (1099 Update for 2023).
  • Bug 37025220 – For Restricted Access Customers
    • Includes all 1099 fixes posted after the 2023 update.
    • Prerequisite: Patch 35823925 (1099 Update for 2023 – Restricted Access Only)

For Customers on App Version 9.0 or Below

Verify if the 1099 Update is available from Oracle or work with your system integrator or developer contractor.