How to correct the federal and state amounts in 1099-NEC?
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Last modified 2/5/2021 8:26:28 AM EST
Applicable To
94X
1099
W-2
ACA
W-4
TaxBandits allows you to correct the 1099s filed with both TaxBandits and service providers. You only need to have the correct federal and state amount to file a correction to 1099-NEC.
To start,
- Sign in to TaxBandits.
- Go to Home >> Start New Form >> 1099 Corrections.
- Select the Tax Year and select 1099 NEC using the dropdown menu.
- Click Continue under Recipient & Amount Details Correction.
- Select how you filed your original 1099-NEC.
Filed with TaxBandits
- Select the Payer using the dropdown menu.
- Select the recipient for whom you want to file corrections and click the Select & Continue button corresponding to it.
- TaxBandits will pull up the details associated with this recipient.
- Edit the federal and state amount fields you want to correct.
- Follow the subsequent steps and transmit your return to the IRS.
Filed with other service providers
- Enter the payer and recipient details you reported in the original 1099-NEC.
- If the original return has an Account Number, enter that same number here.
- Enter the correct Federal and State Amounts in the provided fields.
- Follow the subsequent steps and transmit your return to the IRS.
After transmitting, you can download the 1099-NEC corrected copies from the TaxBandits Print Center. To know more about printing forms, click here.