1099-INT amendment

[VDavis]

I need to amend a 1099-int to a company we paid. Once the payee received the form, they told me I had to break the amount into 2 different accounts. The IRS accepted it. I see online there is a 1096. Is that what I use and how?

[ThomasM125]

You need to create a new Form 1099-INT showing the correct amounts and information. You will check the corrected box on the top of the form. Then, use the original form 1096 as a guide to completing a new one. You then mail the two forms to the address listed on the original form 1096. You can use this link and look on section H of the General Instructions for certain information returns to learn more about it: Information on certain information returns

[VDavis]

I'm sorry - I am still lost. I created a new 1099-INT. I checked the corrected box on the form. I used the same payee and added a new form. How do I get the original 1096 form? I followed links. Am I supposed to use the form that is red? I am so full of anxiety over this. I'm not an accountant.

B. Form 1096

1. Prepare a new transmittal Form 1096. Where do I find the new form?

2. Enter one of the following phrases in the bottom margin of the form. What's the bottom margin?

   • Filed To Correct TIN.

   • Filed To Correct Name.

   • Filed To Correct Return. this is the correct one to enter

3. Provide all requested information on the form as it applies to the returns prepared in Steps 1 and 2.

4. File Form 1096 and Copy A of the return with the appropriate IRS Submission Processing Center. I submit this to the IRS and send the other copies to the payee?

5. Do not include a copy of the original return that was filed incorrectly. Got it

[VDavis]

this is the same response I got last time. please help me with this. I am very intimidated by it. i'm not an accountant and don't want to get any of this wrong.

[LindaS5247]

Form 1096 is used to transmit a Form 1099 to the IRS.

Click here for Form 1096 and instructions.

You will prepare the corrected Form 1099-INT, by entering the correct amounts on the Form 1099-INT and marking it as a corrected form. (See Below).

Form 1096

1. Prepare a new transmittal Form 1096
2. Provide all requested information on the form as it applies to Part A, 1 and 2.
3. File Form 1096 and Copy A of the return with the appropriate service center.
4. Do not include a copy of the original return that was filed incorrectly.

Click here for Form 1099-INT and instructions.

The red copy goes to the IRS.

Submit the corrected 1099 form to the recipient and prepare the red Copy A to send to the IRS with the Form 1096 transmittal if paper filing.

If you need help preparing your corrected paper copy, you can contact the IRS at (800) 829-3676.

If you are electronically filing your forms, you do not need to send in a Form 1096, 

Do not mail in the originally filed forms1099-INT with the corrected ones to the IRS.

[VDavis]

does this mean that if I am able to electronically send the 1099-INT that I don't need to do the 1096 as well?

[DianeW777]

No, not if you were able to e-file the 1099-INT to the IRS.  Form 1096 is required when you mail the forms, original or corrected, to the IRS.