I corrected an amount reported in my 1099 for a payer. Would I be able to correct it again?

Yes. You can do a correction for the second time. The IRS requires you to write a letter detailing the incorrect payer name and/or TIN previously reported, along with the correct information. TaxBandits allows you to generate this letter, which you can print and mail to the IRS.

For step-by-step instructions on how to correct the federal or state amounts in 1099s, click here.