How to correct the payer Name and/or EIN in 1099s?
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Last modified 2/24/2021 8:36:31 AM EST
You need to send a letter to the IRS with the previously reported and the corrected payer Name and/or TIN. You DO NOT have to reissue any corrected 1099s to your recipients.
To prepare the letter in TaxBandits,
- Click Start New Form >> 1099 Corrections.
- Select Tax Year and 1099 Type (1099-MISC, 1099-NEC, 1099-INT, or 1099-DIV).
- Under the Payer Details Correction, click Continue.
Enter the originally reported and the correct payer details. Download the letter, print, sign, and mail it to the IRS.