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Following items are included in the Mandatory updates for 2021 1099s new requirements:
1. New Aeros ERP 1099 Standalone Applicationapplication
2. 2021 1099's DIV New Requirementsnew requirements
1. New 1099 Standalone Application
In an effort to make any future 1099s requirements updates more efficiently and quickly without any interruption to Aeros ERP software, we have created the new Aeros ERP 1099 Standalone Applicationapplication.
A new icon will be available on the application server to access 1099's functions only.
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- Box 2e - Section 897 Ordinary Dividends
- Box 2f - Section 897 Capital Gains
Vendor 1099 Forms and Electronic file format have been changed accordingly to the new requirements.
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3. Deployments, Testing Period and Updates
- The 1099 Standalone application was developed this year to prevent a forced update of the ERP application to generate tax documents.
- The standalone can be installed and background scripts deployed for ERP without disrupting the main system.
- If documents or submissions fail user acceptance tests, or the Federal Test Submission the standalone application can be updated on our end and quickly redeployed.
- The updates in the 1099 Standalone application will be available in ERP at a later date, we are trying this standalone strategy this year to be more responsive to change requests to the tax submissions, without triggering full regression tests of ERP.