Solved: Does the company need to prepare a corrected 1099-MISC to contractor and new transmittal Form 1096 to the IRS if the recipient's address on the 1099-MISC is wrong ?
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lwjang
New Member

Does the company need to prepare a corrected 1099-MISC to contractor and new transmittal Form 1096 to the IRS if the recipient's address on the 1099-MISC is wrong ?

The 1099-MISC was returned to the company because the recipient's address stated was wrong. Recipient moved to another county but did not inform the company of his new address. Company already sent in the 1096 form to the IRS.

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JulieR
New Member

Does the company need to prepare a corrected 1099-MISC to contractor and new transmittal Form 1096 to the IRS if the recipient's address on the 1099-MISC is wrong ?

No, you will not need to amend the 1099-Misc just to make a recipient address change.  The income will still be reported based on the recipient's tax ID.  You should, however, mail a copy of the 1099-Misc to the recipient's new address if one has been provided to you.

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JulieR
New Member

Does the company need to prepare a corrected 1099-MISC to contractor and new transmittal Form 1096 to the IRS if the recipient's address on the 1099-MISC is wrong ?

No, you will not need to amend the 1099-Misc just to make a recipient address change.  The income will still be reported based on the recipient's tax ID.  You should, however, mail a copy of the 1099-Misc to the recipient's new address if one has been provided to you.

View solution in original post

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