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Correcting 1099s
March 29, 2023
Q. If we have to make correction on two out of 100 Form 1099s, can we resend all 100 Form 1099s to the IRS? The reason for the question is the system we are using will not allow us to create a file for only the corrected forms.
A.
(Answered by IOFM's third-party tax experts)
No. You must not submit a file that repeats accurate 1099s previously filed. The IRS system would take them in as reports of additional income and any or all those payees could have their income tax returns questioned by…
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