How to void a 1099-NEC that was filed?
952 views |Last modified 10/31/2023 4:16:27 AM EST | Added by TaxBandits Team

If you filed a 1099-NEC that should not have been filed, you can void it by filing a 1099 Correction. To do that,

• Click Start New Form >> 1099 Corrections.      
• Select Tax Year and choose 1099 NEC as Form Type.
• Under Recipient & Amount Details Corrections, click Continue.
• Enter the payer and recipient information manually or pull them up from the Address Book.
• Select the VOID checkbox and continue with the flow.
• All the amount fields will automatically be marked as zero, and the IRS will disregard the previously filed 1099-NEC. 

Once transmitted, the corrected copies will be available in the Print Center for download.