hi as an employer if files a 1099 and after that figures out that the amount was incorrect.what can he do in that case what is the deadline to file an amended 1099 and how can he do it.
I would suggest that the employer immediately file an amended 1099 and 1096 report to the IRS. As such, I am not aware of any deadline for filing an amended tax return, suffice to say the sooner the employer files this report, the less chances for incurring potential penalties and fines by the IRS.