I issued a 1099-misc in error and it was filed electronically to the IRS. How do I correct this mistake and retract it?

Forum|Forum|7 years ago
June 6, 2019
6 replies
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Best answer by Mock

If you are an Independent Contractor that issued a 1099-MISC in error and need to void or file a corrected 1099-MISC the IRS states, "The IRS operates a centralized call site to answer questions about reporting on Form 1099 and other information returns. If you have questions related to reporting on information returns, call 1-866-455-7438", Monday - Friday 7:30 am - 4:30 pm Central Time in order to void or correct this information.

If you only have to correct it you can file a Copy A and Form 1096 with IRS. To learn more about correcting returns, you can refer to this article (Look at Appendix H): https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

Here's a link to the IRS website with more information about Independent Contractors: https://www.irs.gov/businesses/small-businesses-self-employed/reporting-payments-to-independent-cont...

Mock

Level 9

Are you a contractor?

eddie5Author

Level 2

Not sure, I am a very small real estate broker and issued 1099-s to 3 agents independent contractors but one of the agents I issued a $4000 1099-misc in error through Quickbooks and it was submitted electronically to the IRS now i need to retract or correct that electronic submitted 1099-misc

Mock

Level 9

Okay, please see answer below.