E-File 1099 Correction Form Online Easily correct your 1099 forms with TaxBandits at no additional cost if the original forms were filed with us. E-file 1099 Corrections Now See How it Works? Comprehensive Solution For E-filing 1099 Correction Amend or Void 1099 Forms with Ease and for Free Distribute Corrected 1099 Copies to Recipients via Postal or Online Access Retransmit rejected 1099 correction forms at no cost AI-powered Assistance & World-Class Customer Support We support 1099-NEC corrections even if you filed your original form elsewhere. E-File now How TaxBandits Simplifies 1099 Corrections See how these features make TaxBandits the best choice to file 1099-Corrections online. Free 1099 Corrections Easily correct your 1099 forms at no additional cost if the original forms were filed with TaxBandits. Auto-Generate Transmittal Form When you e-file your 1099 correction Form with TaxBandits your Form 1096 will be auto generated for your reference. Postal Mail Choose the postal mail option to send corrected Form 1099 copies to recipients through TaxBandits on your behalf. Online Access You can securely distribute the Corrected Form 1099 to your employees through our secure online portal. What Information Can I Correct in Form 1099? The IRS has outlined two main categories of errors when it comes to Form 1099. Knowing the type of error you made helps you determine the right way to correct it. Type 1 Errors The incorrect payment amount. An incorrect code or checkbox. An incorrect name or address for the payee (but the correct TIN). If you filed a form when one should not have been filed (in this case, your corrected form would show zeros). Type 2 Errors Incorrect Payee and Payer Taxpayer Identification Number. Incorrect Payer or Payee information, or filing the wrong form. Learn More How to E-File Your Form 1099 Corrections? Follow these simple and quick steps to e-file your 1099 Corrections Filed Original 1099 Return with TaxBandits Filed Original 1099 Return Elsewhere Step 1: Choose Form Type/Tax Year Select the form type you want to correct and specify the tax year. Step 2: Select ‘Make Correction’ Choose ‘Make Correction’ under the Action column against the recipient who requires 1099 corrections. Step 3: Enter the Corrected Information You can void your 1099 form or enter the necessary corrections. Note: If you correct the state information, it’s your responsibility to download the form copies as PDFs and send them directly to the respective agency. Step 4: Opt for Form Distribution Options Choose how to distribute the form copies for recipients by postal mail, online access, or both. Step 5: Review and Transmit to the IRS Review the summary of the 1099 form and transmit it to the IRS. Note: Currently, TaxBandits supports only 1099-NEC corrections for original returns filed elsewhere. Currently, TaxBandits supports only 1099-NEC corrections for original returns filed with another service provider. Step 1: Choose Form 1099-NEC and Tax Year Select Form 1099-NEC and the tax year for which you must make corrections from the dashboard. Step 2: Choose the E-file System for Making Corrections Choose the e-file system - Filing Information Returns Electronically (FIRE) or Information Return Intake System (IRIS) used for filing the original 1099-NEC. Use the same method for filing corrections also. Step 3: Enter the Corrected Information Enter the corrected information (recipient details, TIN, address, federal amounts, and state information) on the 1099-NEC form. If you want to cancel the previously submitted return, you can use the void option. Step 4: Choose Form Distribution Method Choose the form distribution method- postal mail, online access, or both for distributing the corrected copies of 1099-NEC to the recipients. Step 5: Review and Transmit Review the form summary and transmit it to the IRS. You’ll be notified once the IRS accepts the corrected form. We'll send the email notifications regarding the status of your forms. You can also track the status directly from your dashboard. Get Started Now Our Customer Reviews Trusted and loved by users like you. 4.9 rating of 52,784 reviews I Igor Mandryka Whether it’s filing new 1099s or making corrections, the process is consistent, efficient, hassle-free, and easy to manage. M Michael Morris I discovered an error in my 1099 forms just before the deadline, and TaxBandits was a lifesaver. A Allen Cohen TaxBandits exceeded my expectations with its straightforward design and easy-to-use tools. L Luis Collazo I had a few questions about how to handle a specific correction, and the TaxBandits support team was so helpful. See how TaxBandits facilitated various businesses to file Form 1099 efficiently! View More Reviews Frequently Asked Questions on Form 1099 Corrections How to Correct Payer Information on 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 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. Get started with TaxBandits and Create a Free Account Today! When is the Deadline to File Form 1099 Corrections? 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 1099 to the IRS. You should also send your recipient a statement that represents the corrected information. If you are correcting any information related to the state or local tax department, you have to file it with the respective agencies, not to the IRS. TaxBandits allows you to file 1099 Correction easily and securely. What are the IRS penalties for late or incorrect 1099 filings ? The IRS imposes penalties for failing to file correct 1099 forms on time. For the 2024 tax year, the penalties are as follows: Filed within 30 days after the due date: $60 per return Filed after 30 days but before August 1: $130 per return Filed on or after August 1 or not filed at all: $330 per return Intentional disregard of filing requirements: Minimum penalty of $660 per form with no maximum limit Click here to learn more about how to correct 1099 in Bulk using TaxBandits. Does TaxBandits support 1099 corrections filed with other providers? Yes, TaxBandits allows you to file corrections for Form 1099-NEC even if the original form was filed elsewhere. However, you can make corrections for other 1099 forms (such as 1099-MISC, 1099-INT, etc.) only if the original forms were filed with TaxBandits. X X X Original 1099-NEC Filed Elsewhere Select the Return for Correction Choose the 1099-NEC form under the ‘Original Return Filed Elsewhere’ tab. Next Support for Multiple Tax Years Choose to file corrections for the current (2024) or previous tax years (2023 & 2022). Back Next Specify the E-File System Used File 1099-NEC corrections using the same system (FIRE or IRIS) you used for the original submission. Back Next Correct or Void with Confidence Easily update federal amounts, recipient details, or state information. You can also void a form entirely when needed. Back Next Seamless FIRE-Based Corrections Enter the recipient name, TIN, address, federal amounts, and state information of the 1099-NEC that needs to be corrected. Back Next Make Corrections to 1099-NEC via IRIS Update recipient details, TIN, address, federal amounts, and state information, along with IRIS record identifiers for accurate corrections. Back Next Distribute Form 1099-NEC to Recipients You can distribute recipient copies by postal mail, through a secure online portal, or both. Back Next Filing Summary of 1099-NEC Review the filing details of 1099-NE that need correction, and make changes if necessary. Once finalized, add the payers to the cart and proceed to checkout. Back Next Transmit to the IRS Pay and transmit your 1099-NEC return to the IRS. Request Demo Start Over Get Started Now