1099-INT amendment

Forum|Forum|2 years ago
February 8, 2024
1 reply
7 views

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?

TurboTax Deluxe Online

ThomasM125

Level 15

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

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VDavisAuthor

Level 2

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

Prepare a new transmittal Form 1096. Where do I find the new form?
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
Provide all requested information on the form as it applies to the returns prepared in Steps 1 and 2.
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?
Do not include a copy of the original return that was filed incorrectly. Got it