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Old 02-06-2015, 01:21 PM
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1099 MISC Correction

Good Afternoon!! I am using quickbooks to file 1099 MISC forms. One of our contractors said his SS# was incorrect on his 1099. I have not yet e-filed the return with the IRS, so do I actually have to file a corrected return with the IRS or just print him out a new one with the correct SS#? Thank you so much!!



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Old 02-08-2015, 03:17 PM
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Quote:
Originally Posted by kirasgot5 View Post
Good Afternoon!! I am using quickbooks to file 1099 MISC forms. One of our contractors said his SS# was incorrect on his 1099. I have not yet e-filed the return with the IRS, so do I actually have to file a corrected return with the IRS or just print him out a new one with the correct SS#? Thank you so much!!
I would simply not worry about the incorrect SSN on the 1099-Misc. This error is not unusual and occurs quite frequently. Just use your records to prepare the return and don't worry about it. As long as you report at least as much income on the return as the IRS can match up with 1099s, they won't even ask any questions about it. However, the recipient of 1099 may wish to send the company a letter by Certified Mail, Return Receipt Requested just to document his efforts. The company DOES have a legal obligation to correct it but he won't be caught up in the mess.



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