If you file 1099 or W-2 forms, you may make or discover errors. Thankfully, with a little awareness and action, you can correct them quickly.
What are the most common types of errors and how do you fix them? Let’s take a closer look.
The errors fall under two categories, which in turn affect the corrections process:
These errors require only one form to make the corrections.
If the original incorrect form was paper filed, you do not need to paper file the correction. Note: If you have more than 250 1099 or W-2 forms to correct, you must e-file. If you prefer to file a paper correction, use these steps:
Once you have your forms prepared, you will need to print and mail copies to your recipients and file paper copies with the IRS (1099) or SSA (W-2).
Note: You don’t need to include the original incorrect form. If the original form with a Type 1 error was e-filed, you must e-file a correction. Efile4Biz.com can process Type 1 dollar amount corrections for 1099 and W-2 forms, no matter whether you originally e-filed with us or on another website!
When e-filing a Type 1 correction with efile4Biz.com, you can simply:
Once you have submitted your corrected form, we will print and mail a corrected form to the recipient, and e-file the correction with the IRS/SSA.
The process is a little more detailed with Type 2 errors, requiring two forms. When paper filing, you must:
The second stage is to report the correct information, as follows:
For more information on Type 1 and Type 2 errors, visit IRS.GOV.
For more information on additional forms that we offer corrections for, see https://www.efile4biz.com/1099-corrections.