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Form 1099 Correction

If you found any errors after filing your 1099 return with the IRS, correct the information as soon as possible and submit the corrected form and Form 1096 to the IRS. You should also send your recipient a statement that represents the corrected information. If you are correcting any information related to state or local tax department, you have to file it with the respective agencies, not to the IRS.

Failing to file the correct information return, or not providing the recipient with the correct copy might result in the penalty. It takes only a few minutes to file your corrected form with TaxBandits. Start Filing Now!

What Can I Correct On My 1099?

The IRS classifies correctable errors into two types (Type 1 or Type 2).

Type 1 errors include reporting the incorrect payment amount, codes, or realizing the return should not have been filed for the recipient.

Type 2 errors include a missing or incorrect payee Taxpayer Identification Number, incorrect name, or the original return filed using the wrong type of return.

You are required to file the 1096 form along with the corrected return, unless you are filing the correction electronically. It takes only few minutes to correct & file your 1099 forms with TaxBandits.

How to Correct Payer Information on an Accepted 1099 Form

In order to report the incorrect payer information on submitted 1099 return, you must send a letter to the IRS with the following information.

  • Name and address of payer
  • Type of error (include the incorrect payer name/TIN that was reported)
  • Tax year
  • Correct payer TIN
  • TCC
  • Type of return
  • Number of payees
  • Filing method, paper or electronic
  • If federal income tax was withheld

With TaxBandits, you can download the letter with the updated payer information for free. Just choose “payer information” under 1099 correction and make the corrections that you want to report. Then all you need to do is download the letter, print, sign, and mail it to the IRS.

The information must be sent to the following address:

Correcting State Information on Your 1099

The state errors that can be corrected on Form 1099 are: State tax withheld, State/Payer’s state number, State income. If the state participates in the CF/SF program, there is the option of filing corrections through the IRS. However, this can be done ONLY when both federal and state reporting have been affected OR when only federal reporting is affected. Errors which apply only to a state filing requirement should be sent directly to the state, even if the state participates in the CF/SF program.

To know the mailing address of the state to which you need to file 1099 corrections, click here.

How to File 1099 Corrections Online?

Filing your correction forms will take mere minutes with TaxBandits. You can file your correction form with TaxBandits even if you have filed your original return with some other provider, and we auto-generate your 1096.

  • Create an account
  • Select “1099 Corrections”
  • Choose the form type and types of correction
  • Enter payer and payee information
  • Enter previously reported and corrected information
  • Review summary, pay & transmit to the IRS!

With TaxBandits, you will be able to correct your 1099-MISC, INT, DIV Forms.

TaxBandits also ensures that your recipients are provided with the updated copies of their 1099 return via our print & postal mail feature.

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Upcoming Deadline: Forms 5498, 5498-SA, 5498-ESA are due on May 31st, 2019.