Originally Posted by Kara
I issued eight 1099s to contractors. One was incorrect. When I file the "corrected" 1099 with the IRS, do I just include in form 1096 the amount of the "corrected" 1099 or do I include all of the 1099s issued?
If you have not sent the form to the IRS or the recipient, you do not need to file a corrected form. Instead, mark the box labeled "Void" on the 1099. The IRS will ignore that form. If the original 1099 contained an account number, be sure to include it on the corrected form so that the IRS can match the two 1099 forms. Do not separate 1099 forms if the page contains more than one form. If the correction involves an error applicable to state or local taxes only, do not send the IRS a corrected form. Instead, contact the appropriate agency to determine how to correct information that has been submitted to it. You must furnish recipients with corrected forms. Do not include copies of your original 1099 or 1096 forms when sending corrections to the IRS; you need to fill out the 1099 in the exact same manner as when you originally filed. However, write $0 in the box where you previously placed a cash amount.Write "Corrected" on the top of each copy of the 1099.Prepare a 1096 form;Your 1096 form should have the type of 1099 you are providing and the total amount reported on the 1099s you are sending to the IRS. If you have one 1099-MISC for $0, then you would mark "1" in box three, "$0" in box three and four and check off 1099-MISC;
note;in case, even if you filed your original 1099 forms electronically, you may be able to file corrections on paper forms. Employers who do not have a waiver from the IRS must file electronically if submitting more than 250 forms. The IRS counts originals and corrections separately. To illustrate, if you filed 500 original 1099 forms electronically and need to correct 50 of those forms, you can file paper forms. However, if you need to correct 300 of the original forms, you must file the corrections electronically. You will need to enter the same information for an electronic correction as on a paper form.