1099NEC correction

[TI1973]

I issued a 1099NEC with the wrong amount to an independent contractor. It was e-filed with TurboTax Home and Business. My tax return has not yet been filed. How can I correct the mistake? What is the easiest way?

[ThomasM125]

You cannot use Quick Employer Forms to file a correction on your form 1099-NEC electronically. You have to complete a form 1099-NEC manually and also a form 1096 to send a copy of the form 1099-NEC to the IRS. On the corrected form 1099-NEC enter the correct information and amount and check the Corrected Box on the top of the form. Give a copy to the contractor and send a copy to the social security administration along with the transmittal form 1096. You can use the form 1096 and 1099-NEC that you originally prepared as a guide to complete the corrected forms. You can find the forms online and type them in by using these links:   Form 1099-NEC   Form 1096