If you already mailed your form 1099's to the IRS and now need to make a correction, you will need to file by paper copy - Red Copy A and 1096 then mail to the IRS. If you need further assistance preparing your corrected paper copy, please contact your local tax provider or call the IRS at (800) 829-3676. We are not Tax Professionals.
Note: If you originally E-Filed your 1099's and need to make a dollar amount correction, you can file your correction on the E-File site for the same tax year. Any prior years will need to be filed by paper. If you paper filed your original you will need to file the correction by paper.
To E-File a correction Log into your E-File site by following below steps:
1. Open Software
2. Select Help from top Menu
3. Select About TaxRight for 20XX or About Laser Link for 20XX
4. Click on the E-File Site URL link and Log In using your email and password.
5. On the Dashboard Main page, Select Filed Forms to file a correction once the Form is in "accepted" status. The IRS needs to Accept the form prior to filing a correction.
6. Select the Recipient and next to the Recipient name will be File a Correction option.
7. Proceed to create Correction Form and File Correction as needed.
Information on filing Correction (Filing Corrected Returns on Paper Filed Forms):
Error Type 1:
Incorrect money amount(s), code, or checkbox
or
A return was filed when
one should not have been filed.
These errors require only one return to make the correction.
Caution: If you must correct a TIN and /or a name and address, follow the instruction under Error Type 2.
A. Form 1098, 1099, 5498, or W2G
- Prepare a new information return.
- Enter an "X" I the "CORRECTED" box (and date optional) at the top of the form.
- Correct any recipient information such as money amounts and address. Report other information as per original return.
B. Form 1096
- Prepare a new transmittal Form 1096
- Provide all requested information on the form as it applies to Part A, 1 and 2.
- File Form 1096 and Copy A of the return with the appropriate service center.
- Do not include a copy of the original return that was filed incorrectly.
Error Type 2:
No payee TIN (SSN, EIN, QI-EIN, or ITIN)
or
Incorrect payee TIN
or
Incorrect name and address or
Original return filed using wrong type of return (for example, a Form 1099DIV was filed when
a Form 1099INT should have been filed).
Two separate returns are required to make the correction properly. Follow all instructions for both
Steps 1 and 2.
Note: You do not have to file a corrected return for an incorrect payer TIN and/or incorrect payer name and address.
Step 1. Identify incorrect return submitted -
- Prepare a new information return.
- Enter an “X” in the “CORRECTED” box (and date optional) at the top of the form.
- Enter the payer, recipient, and account number information exactly as it appeared on the original incorrect return; however, enter 0 (zero) for all money amounts.
Step 2. Report correct information -
A. Form 1098, 1099, 5498, or W2G
- Prepare a new information return.
- Do not enter an “X” in the “CORRECTED” box at the top of the form. Prepare the new return as though it is an original.
- Include all the correct information on the form including the correct TIN, name, and address.
B. Form 1096
- Prepare a new transmittal Form 1096
- Enter the words “Filed To Correct TIN,” “Filed to Correct Name and Address,” or “Filed to Correct Return” in the bottom margin of the form.
- Provide all requested information on the form as it applies to the returns prepared in Steps 1 and 2.
- File Form 1096 and Copy A of the return with the appropriate service center.
- Do not include a copy of the original return that was filed incorrectly.
Use Support Article below for further details as needed:
Filing-Corrections-1099-s-Type-1-and-2-Instructions-