Originally Posted by notacpa123
So the corrected 1099 Copy A and 1096 only have the corrected totals, not the totals that I did not change?
correctthe instructions to Form 1099 very unclear .Correct.The corrected 1099s is all you have to include with Form 1096 and since it includes the check mark X against the Corrected box, this will tell the IRS that you are including an Amended 1099s/1096S Form. I guess yu can contact the IRS for sure
Ex;say you have filed 14 Forms 1099-MISC and Form 1096. It turns out one of your vendors did not received any 2013 payments and shouldn't have received a 1099misc, so then you should have filed only 13 Forms 1099-MISC.you sent the vendor a corrected 1099 with zero in box 7 and the Corrected box checked. You need to file Copy A of the corrected 1099 with the IRS along with an amended 1096.
You need to prepare a corrected Form 1099-Misc for the vendor, check the "corrected" box, and enter Zero for the amount in box 7 and alsPrepare a o prepare new 1096....In box 3 ob 1096, you need to enter 13 1099s. In box 5, you need to enter what the amount should be based on the 13 correct 1099's that were previously filed.then you should attach the corrected zero amount 1099 with the new 1096 and mail to the irs. You shoulddo not mail 14 1099's, you only need to mail the corrected 1099 with the new 1096.
Assume that you filed three 2013 Form 1099-Misc's .V#1 : 2013 Compensation = $1,000 v#2= $5,000.v#3 = $2,500; then 1096 ,Original, - Box 3= 3, I mean v #1, v #2, v#31096 (Original) - Box 5: total amount Reported = $8,500 After you file the 1099's and the 1096 you find out later that v#3 was only paid $1,500...so1099-Misc: Corrected = $1,500; 1096 (New) - Box 3: Total number of Forms = 3;1096 (New) - Box 5: total amount Reported = $7,500.After you file the corrected 2013 Form 1099 and replacement 1096....you soon realize that you goofed again....v#3 actuallly made the $1,500 in 2014, and not 2013....so... 1099-Misc: Corrected = $0;1096 Third one - Box 3: Total number of Forms = 2 as v33’s was for 2014 NOT 2013; 1096 ,Third one, - Box 5 = $6,000