Originally Posted by Wnhough
You who receive incorrect 1099-R form are required to report the errors and file amended tax return, if necessary. Businesses and pension plan administrators that file incorrect returns must amend their forms and send them to recipients and to the IRS; you subsequently realize that you erroneously filed your return, must correct your errors as soon as you discover them. To correct a previously filed 1099-R form, you must file a new or corrected Form 1099-R. If you filed an electronic return, you have to file an amended return . you are required to amend your previously filed tax return or request a new Form 1099-R from payers. To file an extension, you must file an automatic request to extend time using Form 4868. The IRS recommends that you report incorrect information on your original 1099-R form to your payer and ask for corrected form. Payers are required to provide their original 1099-R form to recipients by Jan. 31. The IRS will assist taxpayers who have not received their original or amended returns by Feb. 14 by contacting payer and requesting new or amended form. In the interim, the IRS can send payees substitute forms if they have not received their original forms or allow them to use IRS Form 4852 to file their taxes without their amended tax forms.aslongas you have already filed your tax return based on incorrectly filed 1099-R form can file IRS Form 1040X within three years from the dateyouoriginally filed your tax returns or from two years of your income tax payments, whichever occurs later. Recipients of amended form must submit their amended 1099-Rs form when filing amended tax returns.