Friday, May 11, 2018

How Do I Correct 1099 Returns Reported Under An Incorrect Payer (Not Recipient) EIN?

Write a letter to IRS containing the following information:
  • Name and address of the payer 
  • Type of error (include the incorrect EIN that was reported) 
  • Tax year 
  • Payer's correct EIN 
  • Transmitter Control Code (TCC), if applicable 
  • Type of return that was filed 
  • Number of payees (recipients)
  • Filing method (paper, electronic) 
  • Was Federal income tax withheld? 
Send the letter to

Internal Revenue Service
Information Returns Branch
230 Murall Drive, Mail Stop 4360
Kearneysville, WV 25430

IRS will contact you with further instructions.

Copyright (c) 2018, Account Ability Software, All Rights Reserved

Labels: 1098, 1098-C, 1098-E, 1098-T, 1099-A, 1099-B, 1099-C, 1099-CAP, 1099-DIV, 1099-G, 1099-MISC, 1099-OID, 1099-PATR, 1099-Q, 1099-R, 1099-S, 1099-SA, W-2G

Thursday, May 10, 2018

How To Add Additional 1099 Recipients

Problem: You printed and e-filed all of your 1099 returns only to realize that you inadvertently forgot a few.
How To: Add the additional 1099 returns without duplicating those previously filed.
Strategy: Mark all of the existing 1099 returns as already printed and already e-filed; Add the additional 1099 returns; Print and e-file as usual.
Solution: Easy

Step-By-Step Solution:

First step: Mark all 1099 returns as printed.
  • Open the 1099 forms containing the original returns.
  • From the Tools menu, select Set Print Indicators...
  • When the Range dialog opens, click Begin and proceed.
  • When done, all of the Printed check boxes will be checked.
Second step:  Mark all 1099 returns as e-filed
  • From the Tools menu, select Clear Efile Indicators...
  • When the Range dialog opens, click Begin and proceed.
  • When done, all of the Efile check boxes will be unchecked.
Now, enter the additional 1099 returns as usual. Only the additional 1099 returns will be printed and e-filed.

Remarks: The above solution also applies to forms 1098, 3921, 3922, 5498, W-2G, W-2 and W-2C.

Copyright (c) 2018, Account Ability Software, All Rights Reserved