How to Handle Corrections with 1099s

What You Need to Know About How to Handle Corrections with 1099s

We all make mistakes – especially when we’re manually entering lots of detailed numbers, as on a 1099.

Until reputable e-filing services like efile4Biz were available, filing a 1099 Correction was a big hassle. First you had to track down a 1099 correction form from the IRS. Then you had to fill it out, redeliver it to the recipient and refile it with the IRS. All that just for one little miscalculation or transposed number.

Now, you can correct 1099 errors (Type 1 / dollar amounts only) on efile4Biz.com, using the same single-step filing process. Just pull up the original form, make the correction, resubmit and we take care of the rest, including:

• Printing and mailing a corrected 1099 to the recipient
• Offering the recipient the option to download the form immediately online for faster delivery (just provide the recipient’s email address)
• E-filing the correction with the IRS on your behalf

efile4Biz supports Corrections for the 1099-NEC, 1099-MISC, 1099-DIV, 1099-INT, 1099-K, 1099-R, 1099-S and 1098.

What if you filed the original elsewhere?

We support 1099 Corrections even if you didn’t file the original form with us. Simply create your account, add the recipient and select “1099 Correction” from our Filing Center. Submit the 1099 Correction and we’ll ensure prompt delivery to the recipient and the IRS.

The IRS now has 2 ways to e-file information returns. In order to process your corrected forms, your original forms had to be filed and accepted at the Filing Information Returns Electronically (FIRE) website. We do not process corrected forms that were originally filed on paper or through the Information Return Intake System (IRIS). Any attempt to correct a form not originally filed through the FIRE system will be not be processed and penalties may apply. If you are unsure, please check with the provider of your original filing. Under no circumstance shall Efile4biz/FormsTax have any responsibility for verification or liability with respect to any penalties. You are solely responsible for verification of the original filing method and any penalties that may arise.

Note: If you submitted a form that should not have been filed, need to correct payer or recipient information, or need to correct any form other than those listed above, contact the IRS directly at (866) 455-7438 or refer to the IRS Guidelines for more information.