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Filing Corrections for Current and Past year 1099-MISC

With the arrival of the new 1099-NEC form for 2020 reporting, the requirements for filing a correction have changed. Below will give you a simple step by step process to identify the type of error and how to quickly correct it.

Step 1 — Identify the type of error made, this will determine the steps to take.

Type 1 — If you entered an incorrect dollar amount, address, payee name or the form should not have been filed.

Type 2 — If you entered an incorrect TAX ID, or if both the Name and Address were wrong, follow these steps. Overall, what you are doing is cancelling out the files that were in error, then resubmitting a fresh file to the IRS.


Filing Corrections for Current and Past year 1099-NEC

Step 1 — Identify the type of error made, this will determine the steps to take.

Type 1 — If you entered an incorrect dollar amount, address, payee name or the form should not have been filed.

Type 2 — If you entered an incorrect TAX ID, or if both the Name and Address were wrong, follow these steps. Overall, what you are doing is cancelling out the files that were in error, then resubmitting a fresh file to the IRS.


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