This would be considered an "Error Type 1" by the IRS (a return was filed when one should not have been). Please click here to review the IRS instructions on how to complete this type of correction.
Users would create a corrective record for his/her client; keep the Payer, Recipient, Address, Account Number and Distribution Codes the same, but zero out all of the amounts that were entered.
Click here to view the 1099 User Guide for further assistance with creating corrections in ftwilliam.com.
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Articles in this section
- A Return was Filed when one should not have been (e.g. Another Preparer Submitted the 1099 to the IRS)
- Completing a Correction for a 1099 that was Submitted Using ftwilliam.com's Fulfillment Service
- Correcting an Incorrect Payee Address
- Correcting an Incorrect Payer Name and/or TIN
- Correction Types
- Important Notes to Remember when Completing Corrections