How to void a 1099-NEC?
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Last modified 2/5/2021 8:26:06 AM EST
Applicable To
94X
1099
W-2
ACA
W-4
If you have filed 1099 that shouldn't have been filed, then void that return using the 1099 correction form. You can void a return that was filed with us or with other service providers.
To void a 1099-NEC return,
- Sign in to TaxBandits.
- Go to Home >> Start New Form >> 1099 Corrections.
- Select the Tax Year and Form Type as 1099-NEC.
- Under Recipient & Amount Details Correction, click Continue.
- Select how you filed the original 1099-NEC.
Filed with TaxBandits
Note: You can correct only the 1099-NECs accepted by the IRS.
- Select the Payer using the dropdown menu.
- Select the recipient entry to correct and click Select & Continue.
- Payer details and recipient details, including Name, TIN, & amount details are displayed.
- Select the VOID checkbox and confirm it.
- Amount fields become zero automatically.
- Continue with the flow and transmit it to the IRS.
After you successfully transmit the return, the corrected 1099-NEC will be available in the TaxBandits Print Center. To know more about printing the form copies, click here.
Filed with other service providers
- Enter the Payer and Recipient Details.
- Enter the Account Number if your original 1099-NEC has one.
- Select the VOID checkbox and confirm it.
- All the amounts will be marked as zeroes.
- Continue with the flow and transmit it to the IRS.
Once transmitted, the corrected 1099-NEC copies will be available in the TaxBandits Print Center. For instructions to download the corrected copies, click here.