How do I make corrections to my 1099?
152 views | Last modified 2/26/2021 5:13:24 AM EST

Applicable To
94X 1099 W-2 ACA W-4

TaxBandits lets you file 1099 corrections for the 1099s filed with us and other service providers. Using TaxBandits, you can correct the following:

  • Payer Name & EIN
  • Recipient Name & SSN/EIN
  • Federal and State Amount Correction
  • 1099s filed that should not have been filed (Void)

At TaxBandits, we support the 1099 corrections for rectifying all the errors above. You can either manually correct or use bulk upload. If the count of the 1099s to be corrected is high, use the bulk upload feature provided by TaxBandits. This applies to all 1099 series, including 1099-NEC, 1099-MISC, 1099-DIV, and 1099-INT.

Correct Payer Name & EIN

For correcting Payer Name and TIN in 1099s, you have to send a letter to the IRS with the corrected information and signature. TaxBandits lets you prepare a letter for the IRS. Enter the details provided in the original return along with corrected values, download the letter and mail it to the IRS.

After correcting the payer details, you don’t have to issue the corrected 1099s to the recipients.

For detailed steps on how to correct the Payer Name & TIN in 1099, click here.

Correct Recipient Name and SSN

When you correct the 1099s filed with TaxBandits, we will pull up the originally reported details. You only need to enter the correct details. For correcting the 1099s filed with other service providers, provide both the originally reported and correct details.

If the originally reported 1099 has an Account Number, enter it while correcting the 1099s.
 
For detailed steps on correcting the recipient’s name and TIN, click here.

Correct Federal and State Amount Details

For correcting 1099s filed with TaxBandits and other service providers, you only need the correct details. Make sure to enter the Account Number if the originally reported 1099 has one. 

For detailed steps on how to correct the federal and state amount details in 1099s, click here.

Void a 1099  

When you submit the void return, all the amount fields will be marked as 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 

Provide us with the previously reported information and the correct information in the supported file format. The acceptable file formats are xls, xlsx, csv, tif, zip, rar, Docx, pdf & xlsm. The maximum file size should be 5MB. We will process your records securely and let you know once it is ready for review.

For detailed steps on how to correct 1099s through bulk upload, click here

Print Corrected 1099s

After you file 1099 corrections in TaxBandits, the corrected forms will be available in the Print Center. You can download & print the 1099 copies. Make sure you distribute the corrected copies to the corresponding recipients. 
 

 

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