Originally Posted by ispeakforerin
Can you please provide details on correcting one 1099 (dollar amount) out of a group of fifteen that were already submitted? Do I resubmit all fifteen and give totals for all fifteen on the corrected 096? Thank you!
no you do not submit all 15 and give ttoals for all 15 1099s on form1096 however,
Your error is error type #1, then you enter X in the corrected box on a new 1099MISC and then prepare a new 1096 and report the total in box 5 and enter X in box 7 of Form1096.
also enter X in box 6 for 1099MISC 95 since you correct a 1099MISC.
also make an entry in either box 1 or 2 on form 1096; not both.
in box 5 you neeed to enter the total of the amount(s) from the boxes of 1,2,3,5,6,7,8,10,13, adn 15; if you have corrected number oonly in box 7 on form 1099MISc then enter the corrected number in box 5 on form 1096.