Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-08-2008, 12:42 PM
Junior Member
 
Join Date: Apr 2008
Posts: 1
As a employer, how do I file an amended 1099 to IRS?

Earlier this year, I issued an 1099-Misc to consultant with an incorrect amount. I re-issued another 1099 with the corrected box checked.
How do I inform IRS with regards to this correction?
What kind of form will need to be filled out?

Thanks.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-09-2008, 12:00 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
As a employer, how do I file an amended 1099 to IRS?

All you have to do is to mail Form 1096-Annual Transmittal Letter to the appropriate IRS Address as shown on Form 1096, (the mailing address is based upon your State of business).

When you mail Form 1096, include the amended or corrected 1099-Misc and check mark the Box that indicates "Corrected". This is shown on the upper side of the Form 1099-Misc.

The corrected 1099-Misc is all you have to include with Form 1096 and since it includes the check mark X against the "Corrected" box, this will tell the IRS that you are including an Amended 1099-Misc Form.

There is no check mark required on 1099-Misc Form.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Can I file an amended return for charitable cash deduction? Bill Dennison Itemized Deductions 1 03-10-2008 07:10 PM
Where do you file your 1099-Misc reports in 2007? TaxGuru Miscellaneous 0 02-28-2008 03:02 PM
Will IRS accept an amended tax return that is electronically filed? Allard Filing Requirements 1 12-03-2007 10:07 AM
I Could Not File 1096 For Report Of 1099 Misc YOUNUS Miscellaneous 1 04-03-2007 12:57 PM
What must I do if I didnt get a 1099-Misc from my employer? nilbos Income 1 03-11-2007 12:54 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.