The Tax Deadline has Passed – What Now?

You survived! You sent 1099 forms to your vendors before the January 31st deadline. You completed your e-file before March 31st (or scheduled it at the time you created the vendor copies on Tax1099.com). Now all of the individual filings are done as well. Time to take a breath!

Even now, though, you may have some issues crop up that require your attention. For instance, you may hear from a vendor who has lost his 1099 copy, or who says she never received one. A vendor may finally get around to opening the 1099 they received, and realize it has an incorrect amount or tax identification number (TIN). What should you do in these cases?

Correcting 1099 forms that have been submitted to the IRS is a simple process through Tax1099.com. The correction process varies, depending on what type of error was originally made.

If there was an error involving the vendor name or TIN:

1. Log in to Tax1099.com
2. Navigate to Forms > New Form from the left side of your screen
3. Select the form you originally filed
4. Void the form with the vendor-TIN error:
   1. Select the “corrected” box at the top of the form
   2. Fill in the payer and recipient information, as originally filed
   3. Enter zeros in the amount boxes
   4. Submit and pay for the form.
5. File a form with the accurate information by going to Forms > New Form
6. Select the form you would like to file
7. Enter the accurate information, and submit and pay for the form.

If there was an error involving box amounts:

1. Log in to Tax1099.com
2. Navigate to Forms > New Form from the left side of your screen
3. Select the form you originally filed
4. Select the “corrected” box at the top of the form
5. Enter the accurate information
6. Submit and pay for the corrected form.

When all corrections are complete, choose how to deliver the accurate form to the recipient. Select Tax1099.com to deliver your forms via PDF to portal, PDF to e-mail, or USPS. Vendor PDF forms can also be downloaded, printed, and sent to vendors.

Ensuring your vendors and the IRS have the correct information is an important step. Tax1099.com makes it easy to modify forms when you find the need to do so.