File 1099 Correction Form Online with 1099ly
Want to rectify your 1099 Forms?
With 1099ly, you can easily file your 1099 Corrections online, re-transmit the form to the IRS and avoid heavy penalties.
Correct Your 1099 FormEasy & Stress-Free 1099 Correction
How to File a Corrected 1099 with 1099ly?
- STEP 1
Login to 1099ly and select "New Form" from the Dashboard.
- STEP 2
Choose the TY, Form Type and check the box labeled 'corrected' at the top of the form.
- STEP 3
Enter the corrected information and review it.
- STEP 4
Submit your corrected Form 1099 to the IRS.
- STEP 5
Request Employee Copies (eDelivery/Postal).
Filing 1099 correction is simple and easy with 1099ly
Get Started1099 Corrections
Common 1099 Errors that Require a 1099 Correction
Type 1 Errors
- Wrong payment amount.
- Incorrect code or checkbox.
- Wrong name or address for the payee (but the correct Taxpayer Identification Number).
- Submitting a form when it wasn't necessary (in this case, the corrected form would show all reported amounts to $0.00 which will signal the IRS to void your submission).
Type 2 Errors
- Incorrect Taxpayer Identification Numbers for the payee and payer.
- Incorrect information for the payer.
- Incorrect information for the payee.
- Preparing the wrong form.
Due Date
Deadline to file 1099 Correction Form
According to the IRS, there isn't a set deadline for correcting 1099 forms. However, you should file your 1099 Correction Forms as soon as possible to avoid any penalties for incorrect reporting.
If you're still uncertain, please don't hesitate to contact us, and our customer service team will be happy to assist you.