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How to Correct Form 1099s, 1098s with ez1099 Software

ez1099 software is the simple, fast and affordable tax forms preparing, printing and eFiling solution for businesses and accountants. You can use it to file form W2G, 1097BTC, 1098s (1098, 1098C, 1098E, 1098 T), 1099s (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099H, 1099INT, 1099LTC, 1099MISC, 1099OID, 1099PATR, 1099Q, 1099R, 1099S, 1099SA), 5498s(5498, 5498ESA, 5498SA), 8935, 3921, 3922 and 1096.

1. Follow the latest IRS instructions to correct forms

https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

Identify the correction needed based on Error Type 1 or 2; then follow the steps to make the corrections and file the form(s)

Error Type 1 Correction
Incorrect money amount(s), code, or checkbox


A return was filed when one should not have been filed.

These errors require only one return to make the correction.

Caution: If you must correct a TIN or a payee name, follow the instructions under Error Type 2.
A. Form 1097, 1098, 1099, 3921, 3922, 5498, or W-2G
1. Prepare a new information return.
2. Enter an “X” in the “CORRECTED” box (and date (optional)) at the top of the form.
3. Correct any recipient information such as money amounts. Report other information as per the original return.

B. Form 1096 1. Prepare a new transmittal Form 1096.
2. Provide all requested information on the form as it applies to Part A, 1 and 2.
3. File Form 1096 and Copy A of the return with the appropriate service center.
4. Do not include a copy of the original return that was filed incorrectly.

 
Error Type 2 Correction
No payee TIN (SSN, EIN, QI-EIN, or ITIN),
or
Incorrect payee TIN,
or
Incorrect payee name,
or
Original return filed using wrong type of return (for example, a Form 1099-DIV was filed when a Form 1099-INT should have been filed).

Two separate returns are required to make the correction properly. Follow all instructions for both Steps 1 and 2.
Step 1. Identify incorrect return submitted.

1. Prepare a new information return.
2. Enter an "X" in the "CORRECTED" box (and date (optional)) at the top of the form.
3. Enter the payer, recipient, and account number information exactly as it appeared on the original incorrect return; however, enter 0 (zero) for all money amounts


Step 2. Report correct information.

A. Form 1097, 1098, 1099, 3921, 3922, 5498, or W-2G
1. Prepare a new information return.
2. Do not enter an "X" in the "CORRECTED" box at the top of the form. Prepare the new return as though it is an original.
3. Include all the correct information on the form including the correct TIN and name.

B. Form 1096
1. Prepare a new transmittal Form 1096.
2. Enter one of the following phrases in the bottom margin of the form.
  • Filed To Correct TIN.
  • Filed To Correct Name.
  • Filed To Correct Return.
  • 3. Provide all requested information on the form as it applies to the returns prepared in Steps 1 and 2.
    4. File Form 1096 and Copy A of the return with the appropriate service center.
    5. Do not include a copy of the original return that was filed incorrectly.

    2. Prepare, print and eFile forms

    How to prepare and print 1099 forms



    3. Check the corrected option if you mail the paper form

    3.1 Check the "CORRECTED" box manually on paper form
    ezW2 does not check the "CORRECTED" box. You need to check the box manually.



    3.2 Check the correction option if you efile 1099 forms




    1099s software ez1099 software can prepare, print and efile forms W2G, 1097BTC, 1098s (1098, 1098C, 1098E, 1098F, 1098 T), 1099s (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099H, 1099INT, 1099LTC, 1099MISC, 1099-NEC, 1099OID, 1099PATR, 1099Q, 1099R, 1099S, 1099SA), 5498s(5498, 5498ESA, 5498SA), 8935, 3921, 3922, 1096 forms required by the IRS.

    File tax forms before deadline easily with ez1099 today!

    If you do not have ez1099 software installed, try it free today with no obligation and no cost.

        


    Ralated Links

  • Quick Start Guide
  • W2 and 1099 Reporting deadline
  • How to Transfer Previous ez1099 data to the New Version

  • How to set up company account
  • How to add recipient
  • How to add a tax form

  • How to prepare and file forms
  • How to print 1099s forms on white paper for recipients
  • How to print forms in PDF format
  • How to print multiple forms on the same red-ink sheet?
  • Batch form printing
  • How to eFile forms

  • How to Import 1099 Data
  • How to Share data (for Multiple-user network version)