How do I correct the federal or state amounts in 1099s?
1.6k views | Last modified 5/28/2020 2:56:28 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

You may have reported incorrect amounts in 1099s that were filed. If you had filed with some other service provider, you will need to enter both the incorrect information that was reported earlier and the correct values. If you filed with us, you only need to enter the correct values as we will easily pull up the information that you reported earlier. 

Here's how you correct the amounts reported in 1099. The procedure is the same for 1099-MISC, 1099-DIV, and 1099-INT.

  1. Sign in to TaxBandits, click on 1099 Correction form under Start New Form
  2. Select the Tax year and proceed.          

Filed with other providers 

Choose the FORM

  1. Choose “I filed my return with other service providers”.
  2. Select the type of form.
  3. Click Next under Recipient & Amount details correction.

  4. Enter the Payer details or pull up from the address book and Click Next.
  5. Click on “Yes” to make corrections to the recipient details.

Make Corrections

The flow will allow you to correct the recipient details, federal and state amounts.

  1.  Enter the originally reported recipient details and click Next.

  2. Click on “Yes” to make corrections to the federal amounts.
  3. Enter the originally reported amount and correct amount in the respective fields. 
  4. If the original form has an account number, enter that Account Number. Click Next

  5. In the State details page, click on “Yes” to make corrections to the state amounts.

  6. Enter the originally reported amount and correct amount in the respective fields. 

Continue with the flow to review and transmit the return. Once your form is successfully transmitted, a copy of the 1099 correction can be accessed from the print center

Filed with TaxBandits

Choose the FORM

  1. Choose “I filed my return with TaxBandits”.
  2. Select the type of form.

Choose Recipient

  1. Select the Payer. Choose the recipient entry to correct and click “Select & Continue”.

  2. Review the payer details and click Next

Make Corrections

This is where you correct the federal and state amounts.

  1. Click on “Yes” to make corrections to the amounts.

  2. The originally reported amounts are shown on the left. Enter the correct amounts on the right. Click Next.

  3. In the State details page, click on “Yes” to make corrections to the state amounts.

  4. The originally reported amounts are shown on the left. Enter the correct amounts on the right. Click Next.

Continue with the flow to review and transmit the return.

Print Copy

Once your form is successfully transmitted, a copy of the 1099 correction can be accessed from the print center. For step by step instruction on how to download a copy of the correction form, click here.

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