BulldogTom Posted January 29, 2008 Report Share Posted January 29, 2008 We did not update a file for one of our 1099 contractors. They incorporated this year. I issued the 1099 in the owners SS#. They should be exempt as a corporation. What is the best way to correct? I think I should issue the correction in the name of the corp. I know that sending a corp a 1099 is not correct, but I think that is the only way to get the SS# replaced in the IRS computers? Your help is appreciated. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Chrisbry Posted January 29, 2008 Report Share Posted January 29, 2008 reissue a 1099-misc in the ss# with a ZERO amount and mark CORRECTED. No need to issue a 1099 to corp. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted January 29, 2008 Author Report Share Posted January 29, 2008 reissue a 1099-misc in the ss# with a ZERO amount and mark CORRECTED. No need to issue a 1099 to corp. Brilliant! I knew I was going about this the wrong way, but I just had a brain cramp. I have never had to correct a 1099 before. Thanks Chris. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Chrisbry Posted January 29, 2008 Report Share Posted January 29, 2008 Glad I could help. Chris Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted January 31, 2008 Author Report Share Posted January 31, 2008 More help on this please? I was reading the instructions and got confused. Do I send in a complete set of the 1099's that I originally sent, or just the 1 that I corrected. What should go on the 1096? The total of the 1 corrected 1099, or new total of all of the 1099s, or a negative amount showing the change in the total decrease in 1099's from the taxpayer Sorry if this is basic. I just have never screwed up the 1099's before, so I don't know how to fix them. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted January 31, 2008 Report Share Posted January 31, 2008 Just the one you corrected, Tom. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted January 31, 2008 Author Report Share Posted January 31, 2008 Thanks KC Quote Link to comment Share on other sites More sharing options...
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