How do I file 1099 Corrections in TaxBandits?
1.6k views | Last modified 2/13/2024 12:31:28 AM EST | Added by TaxBandits Team

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

If you have reported incorrect information in the original 1099/1098, you can file 1099 Correction forms to correct them. We support corrections only if you have filed the original 1099/1098 with TaxBandits. Please note that you can only correct the 1099/1098 form AFTER the IRS accepts it.

You can correct the following:

  • Payer TIN & Name - You need to send a letter to the IRS with the necessary information along with your signature. We will guide you through the steps.
  • Recipient Details and Amounts Reported earlier - You need to provide the originally reported information along with the correct information. 

Follow these steps to file a 1099/1098 correction:

  • Sign in to TaxBandits account
  • Click Start New >> Form >> Form 1099/1098-Correction.

  • Select File Form 1099/1098 for the required Tax year.

To Correct 1099/1098 Recipient Details, follow the steps below:

  • Click Continue under Correct 1099/1098 Recipient Details. 

  • Select the business name and form type (1099 forms) to file a correction form.
  • Choose the recipient name to correct and click Make Correction.
  • Enter the correct information in the appropriate boxes and click Save & Continue to proceed with the flow and transmit the return. 

To Correct 1099/5498/1098 Payer Details, follow the steps below

  • Click Continue under Correct 1099/5498/1098 Payer Details.

  • Select the business to autofill the payer details from the address book or enter the payer details reported on the original form.
  • Select the checkboxes based on what you would like to correct, enter the correct details, and click Generate to download a copy of the correction letter.

  • Print, sign, and mail the correction letter to the IRS at the below address:

Internal Revenue Service
Information Return Branch
230 Murall Drive, Mail Stop 4360
Kearneysvile, WV 25430.

Once you transmit the forms to the IRS, a copy of the corrected 1099/1098 will be available in the Distribution Center for download.

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