Hi,

I made a mistake because I sent to the IRS only 5 1099's misc with the 1096 form when I actually had have sent 8 1099's.

Wat do I have to do now? there is going to be any problem?

Thanks, I really appreciate any help.

I don't think this would be a big problem, as long as your submit an amended 1096 that includes the '8' 1099-Misc that should have been originally submitted.

I would suggest that you mail a 1096 Transmittal Letter and write above "AMENDED" and include the corrected total that you should have been included. In addition, you should submit all the originally reported 1099-Misc along with the 3 1099-Misc that were omitted and indicate corrected on these 1099-Misc forms, (there is a checkbox for "corrected" on the 1099-Misc). In this manner, the IRS would know that you have included the missing 1099-Misc forms.

If you do nothing, the IRS can potentially assess penalties for not submitting the correct 1099-Misc Forms at $50 per month for each of the 1099-Misc not timely filed! Thus, it would be better to file an amended 1096 Annual Transmittal.

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