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Old 01-30-2017, 11:14 AM
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Question How to correct one 1099 out of 15 already filed & correct 1096 - tax yr. 2016

Hi, thank you in advance for your help!! No matter how many forums or IRS instructions I read on correcting a 1099 MISC, I have yet to find clear answers for my situation. So...

Tax Year 2016: I need to correct one single 1099 out of a group of fifteen that I already submitted. The contractor was paid $108 more than I submitted (I know, not a big difference, but still needs to be accurate).

1) Do I print a new 1099 with the total amount paid (original amount reported PLUS the additional $108) or just with the amount that I missed ($108). I keep finding conflicting info online.

2) When printing and submitting the new 1096, do I re-submit ALL fifteen 1099s as a group and also submit the total of all fifteen on the new 1096? OR, just the submit one 1099 with the total amount of the 1099 on the 1096? OR, just the one 1099 with only the missed amount on the 1096 ($108)?

3) I am in the state of CT, so will need to submit corrected state forms also.

THANK YOU AGAIN!



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Old 01-31-2017, 02:08 PM
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Tax Year 2016: I need to correct one single 1099 out of a group of fifteen that I already submitted. The contractor was paid $108 more than I submitted (I know, not a big difference, but still needs to be accurate). >then as said you need to correct only the incorrect 1099MISC and need to prepare a new 1096 for the corrected 1099.

1) Do I print a new 1099 with the total amount paid (original amount reported PLUS the additional $108) or just with the amount that I missed ($108). I keep finding conflicting info online.=======>your error is type #1 error, so on your new 1099, enter X in the corrected box at the top of the form And correct any recipient information as money amount(s) and report other info as per original return.you need to report on form 1096 in box 5 the correct amount(original amount reported PLUS the additional $108) I mean the amt that you actually paid to the contractor. and enter x in box 7 of form 1096. In box 6 enter X in 1099MISC 95.

2) When printing and submitting the new 1096, do I re-submit ALL fifteen 1099s as a group and also submit the total of all fifteen on the new 1096? =>>As said only the corrected 1099 and a new form 1096

OR, just the submit one 1099 with the total amount of the 1099 on the 1096? OR, just the one 1099 with only the missed amount on the 1096 ($108)? =>as said above

3) I am in the state of CT, so will need to submit corrected state forms also.===>it depends; in some states UNLEE you submilt 10 I guess OR more than 10 1099s, you do not need to report /submit them to the states. Plz contact dept of revenue of your home state



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Old 01-31-2017, 04:11 PM
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Originally Posted by ispeakforerin View Post



When printing and submitting the new 1096, do I re-submit ALL fifteen 1099s as a group and also submit the total of all fifteen on the new 1096? OR, just the submit one 1099 with the total amount of the 1099 on the 1096? OR, just the one 1099 with only the missed amount on the 1096 ($108)?
correction; just with the amount that I missed ($108). I meant;as said, you need to submit the new 1096 with amounts of the additional and corrected forms. For instance, if you reported federal tax on one W-2 Form as $45 and it was really $47, you will write $2 in the 1096 federal tax box 4, not $47


Last edited by Wnhough : 01-31-2017 at 04:19 PM.


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Old 01-31-2017, 04:15 PM
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Originally Posted by ispeakforerin View Post



When printing and submitting the new 1096, do I re-submit ALL fifteen 1099s as a group and also submit the total of all fifteen on the new 1096? OR, just the submit one 1099 with the total amount of the 1099 on the 1096? OR, just the one 1099 with only the missed amount on the 1096 ($108)?
correction; I meant;as said, you need to submit the new 1096 with amounts of the additional and corrected forms. For instance, if you reported federal tax on one W-2 Form as $45 and it was really $47, you will write $2 in the 1096 federal tax box 4, not $47



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