CWU: Does CWU create an electronic 1099 correction file that I can transmit?
No. Correcting a 1099 filing requires paper filing.
See the IRS table below for a description of the correction process. Generally,
- a corrected form is paper filed to correct an incorrect money amount, a code or a checkbox.
- a corrected form to zero out the previous filing, and a new replacement form, are filed to correct
- a blank payee IN (SS, EIN, QU-EIN, or ITIN)
- an incorrect payee TIN
- an incorrect payee name
- or where the original return filed was the wrong form.
Take steps to preserve a copy of the original filing. When you create the corrected forms, you will replace some of the original entries on the screen.
- For forms that can be created as either regular or on-the-fly forms, switch the method when you create the corrected forms. This leaves the original screens for the forms intact. If the original e-filing was of regular forms, create the additional forms as on-the-fly forms, and vice-versa.
- For forms that can be created only as on-the-fly forms, or where two additional copies of the form must be filed, make sure you have printed a PDF copy of the original forms.
See General Instructions for Certain Information Returns, for more information. For a video demonstration of correcting a 1099 in CWU, see CWU Correcting 1099s.