How do I make corrections to my 1099?
440 views |
Last modified 2/28/2022 2:53:10 AM EST
TaxBandits supports 1099 corrections for 1099s filed with us. You can correct the following errors by filing a 1099 correction:
- Payer Name & EIN
- Recipient Name & SSN/EIN
- Federal and State Amount Correction
- 1099s filed that should not have been filed (Void)
You can enter your corrections either manually or in bulk. If you need to correct multiple 1099s, we recommend that you use the bulk upload feature. This applies to all 1099 series forms, including 1099-NEC, 1099-MISC, 1099-DIV, and 1099-INT.
Correct Payer Name & EIN
If you filed the original 1099 with TaxBandits, the form details are already available in your account, simply update the corrected amounts.
If the original 1099 had an Account Number, it must be entered on the corrected form.
For detailed steps on correcting the Payer Name & TIN in 1099, click here.
Correct Recipient Name and SSN
We will pull up the originally reported details when you correct the 1099s filed with TaxBandits. You only need to enter the correct information.
If the original 1099 has an Account Number, enter it while correcting the 1099.
Click here for detailed steps on correcting the recipient’s name and TIN.
Correct Federal and State Amount Details
You only need the correct details to correct 1099s filed with TaxBandits. Make sure to enter the Account Number if the initially reported 1099 has one.
Please note that the states do not support the e-filing of correction form. However, you can complete the order, print the forms and mail copies to the respective state agencies.
For detailed steps on correcting the federal and state amount details in 1099s, click here.
When you submit a void return, all the amount fields will be marked with zeros, and the IRS will disregard your previous return without processing it.
For detailed steps on how to void the 1099s, click here.
Correct by Bulk Upload
We will pull up the previously reported information and you need to provide the correct information in the supported file format. The acceptable file formats are xls and xlsx. The maximum file size should be 20MB. We will process your records securely and notify you when it is ready for review.
For detailed steps on correcting 1099s through bulk upload, click here.
Print Corrected 1099s
After you file 1099 corrections in TaxBandits, the corrected forms will be available in the Distribution Center. You can download & print the 1099 copies. Make sure you distribute the corrected copies to the corresponding recipients.