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Old 02-23-2015, 03:13 PM
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1096 correction

Please tell me whether or not I need to submit the "new" amount for the entire year with a corrected return or do I show only the corrected return amount?



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Old 02-23-2015, 09:09 PM
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Quote:
Originally Posted by Libby50 View Post
Please tell me whether or not I need to submit the "new" amount for the entire year with a corrected return or do I show only the corrected return amount?
you need to prepare a corrected Form 1099-Misc for the payee bychecking the "corrected" box, and enter Zero for the amount in the box.also prepare a new 1096....In box 4, fed tax w/h box enter correct amount,.. In box 5, "Total amount reported with this 1096", enter what the amount should be based on the correct 1099's that were previously filed.Attach the corrected amount 1099 with the new 1096 and mail to the feds....do not mailother 1099's, you only need to mail the corrected 1099 with the new 1096



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