eddie5
New Member

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

 
ModestaL
New Member

After you file

Are you a contractor?
eddie5
New Member

After you file

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
ModestaL
New Member

After you file

Okay, please see answer below.
eddie5
New Member

After you file

Thank you everyone
ModestaL
New Member

After you file

You're very welcome.
ModestaL
New Member

After you file

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...


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