1099-INT amendment

Forum|Forum|2 years ago
February 8, 2024
1 reply
22 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

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

Level 14

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

Prepare a new transmittal Form 1096
Provide all requested information on the form as it applies to Part A, 1 and 2.
File Form 1096 and Copy A of the return with the appropriate service center.
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.

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