How to File a Corrected 1099
If you send an incorrect 1099 to either the taxpayer or a taxing authority, you need to issue a corrected one to the state government, the federal government and the 1099 payee. The IRS General Instructions for Informational Returns provide specific directions for amending informational returns. For certain types of errors, you must fill out a new 1099 and resubmit it. For other errors, you only need to correct the payee, payer and account information.
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Error Type 1
How you deal with an incorrect return depends on the type of mistake you made. These mistakes are considered Error Type 1:
- You listed an incorrect amount of money. wrote in the wrong code. missed a checkbox or marked the wrong checkbox on the original 1099-MISC.
- You filed a return when you should not have filed one.
If your mistake matches up with Error Type 1, you must:
- Prepare a new Form 1099 with the accurate information for the payee. Fill in all fields, not just the ones you need to correct.
the Form 1096.
Error Type 2
Error Type 2's require a different process for correction than Error Type 1. Error Type 2's happen when:
- You failed to list the payee tax ID number or the number was incorrect.
For Error Type 2, you must:
- Prepare a new 1099 on the correct form and put an "X" in the Corrected box.