How do I correct a 1096 Form

Jill · #1 (**permalink**) 02-12-2009, 03:47 PM

I've already submitted the 1096 form for the company that I work for and just discovered that I had three subcontractors that weren't checked in Quickbooks to receive the 2008 1099. How do I correct that? I know I need to print the 1099s but they had not been printed previously so they would not be corrected, would they? How would I correct the 1096 that goes with them?

Any help please.

Jill

TaxGuru · #2 (**permalink**) 02-12-2009, 06:21 PM

You should send out a new Form 1096 Misc but, this time include all the previously filed 1099-Misc forms along with the missed 1099-Misc forms (you may want to check mark the box "amended").

Also, you might want to indicate "AMENDED" on the top of Form 1096, just so that the IRS knows that the form has been amended.

This is not a problem and the IRS will not fine you any penalties or assess any interest on this error.

Jill · #3 (**permalink**) 02-13-2009, 10:36 AM

Thanks for your reply, but in reviewing the 1096 form, I am unable to locate a box that references "Amended". Any idea where that box would be?

Jill

TaxGuru · #4 (**permalink**) 02-14-2009, 01:54 AM

Look at the Red copy of the 1099-Misc, it should a box marked "Corrected"! I have usually checked this box for the omitted 1099-Misc's.

You are right, there is no amended verbage on the either the 1096 or 1099 forms, you should write the words "Amended" on the top of Form 1096 in Bold! That should suffice in my opinion!