BulldogTom Posted January 29, 2008 Report Posted January 29, 2008 We did not update a file for one of our 1099 contractors. They incorporated this year. I issued the 1099 in the owners SS#. They should be exempt as a corporation. What is the best way to correct? I think I should issue the correction in the name of the corp. I know that sending a corp a 1099 is not correct, but I think that is the only way to get the SS# replaced in the IRS computers? Your help is appreciated. Tom Lodi, CA Quote
Chrisbry Posted January 29, 2008 Report Posted January 29, 2008 reissue a 1099-misc in the ss# with a ZERO amount and mark CORRECTED. No need to issue a 1099 to corp. Quote
BulldogTom Posted January 29, 2008 Author Report Posted January 29, 2008 reissue a 1099-misc in the ss# with a ZERO amount and mark CORRECTED. No need to issue a 1099 to corp. Brilliant! I knew I was going about this the wrong way, but I just had a brain cramp. I have never had to correct a 1099 before. Thanks Chris. Tom Lodi, CA Quote
BulldogTom Posted January 31, 2008 Author Report Posted January 31, 2008 More help on this please? I was reading the instructions and got confused. Do I send in a complete set of the 1099's that I originally sent, or just the 1 that I corrected. What should go on the 1096? The total of the 1 corrected 1099, or new total of all of the 1099s, or a negative amount showing the change in the total decrease in 1099's from the taxpayer Sorry if this is basic. I just have never screwed up the 1099's before, so I don't know how to fix them. Tom Lodi, CA Quote
kcjenkins Posted January 31, 2008 Report Posted January 31, 2008 Just the one you corrected, Tom. Quote
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