Can I still create a 1099-INT and then e-file twice after the deadline? I have already e-filed my 1099-MISC's but forgot to file a 1099-INT?

[kathyh2]

If you can provide step by step instructions on how I can do this, I would greatly appreciate it.

[VolvoGirl · Accepted solution]

You can only prepare 1099Int & 1099Div online in Quick Employer Forms.  You have to use the Online Self Employed version or the Desktop Home & Business program or  Turbo Tax Business program to have access to the QEF.

 Here is the link...
https://quickemployerforms.intuit.com/signin.htm?url=https%3A%2F%2Fquickemployerforms.intuit.com%2Fw...

If you just need to give out 1 form you can get the blank 1099 Int and the 1096 Transmittal Summary from the IRS,
1099-Int https://www.irs.gov/pub/irs-pdf/f1099int_17.pdf
1096 Transmittal  https://www.irs.gov/pub/irs-pdf/f1096.pdf

In the Window's Home & Business Desktop program to Prepare W2s or 1099s, click the big blue button to Start a New Return or go up to File-New Tax Return.
Then on the next screen it asks What would you like to do?

If you get a screen with 2 choices, Check the second circle that says Prepare W-2s and 1099s for my employees or contractors.  Then that will expand and give you a choice to prepare them online or on your computer.

If you get a screen that says Continue your Tax Return and a box listing your returns then go up to FILE - New Tax Return again and you should get a box to pick the type of return you need to prepare.  Pick US Forms W-2/1099 Reporter

Then you choose the first column to prepare them Online

[kathyh2]

Thank you @VolvoGirl - That worked great!

[jamart2002]

Send Copy B of the 1099 INT form to the recipient by January 31, 2018. File Copy A of form 1099-INT with the IRS by February 28, 2018. If you are required to file 1099 INT forms electronically, the due date is April 2, 2018

[jamart2002]

Filing a second return would create a much bigger problem. You should amend your original return after it is accepted by IRS and add the interest income.Go back into Turbo Tax and you will see at the bottom left of the screen "Need to amend a filed return". Then go to Personal Income, I'll choose what I want to work on, scroll down to Interest and Dividends and you'll see interest on F-1099-INT, then add your F-1099-INT. You will need to print and mail the amendment (with your payment) as it can't be e-filed.   If it's a small amount you could just let IRS catch it and bill you (or you could send IRS the additional amount of taxes you know you will owe before they catch it.

[kathyh2]

Thank you for your response!  I created the 1099's, however have not filed a return, per se.  I created the 1099's through Turbo Tax and they were accepted by the IRS for the company that I work for.  The 1099 isn't for me.  So in other words, I am the Employer and I forgot to send a 1099-INT to the person that we have an outstanding loan with.

So when I go into Turbo Tax, I don't have a tax return to amend.

Do you have any recommendations on how to add a new 1099-INT?

[VolvoGirl]

If you have the

[jamart2002]

Go ahead and file the omitted F-1099 ASAP. E-filing should be okay. If IRS rejects the e-file, then just mail it.

Filing Address:
Internal Revenue Service Center
Austin, TX 73301
or
Filing Address:
Internal Revenue Service Center
Kansas City, MO 64999

[kathyh2]

@jamart2002 That worked perfectly.  Thanks so much for your help!