1099Fire

The full description of the error is as follows:

‘T’ record appears to have an incorrect tax year in positions 2-5. If your file is the current tax year, then position 6 of the ‘T’ record must be set to a blank and positions 2-5 of your ‘T’, ‘A’, and ‘B’ record(s) must contain the current tax year. If your file is a prior tax year, then position 6 of the ‘T’ record must be set to a ‘P’ and positions 2-5 of your ‘T’, ‘A’, and ‘B’ record(s) must contain the prior tax year. (You cannot mix tax years in a file.)

There are lots of different reasons why this error could arise, but the most common reason is a misunderstanding between current year and prior year. The 2009 tax year begins January 5, 2010. Lets say its January 5, 2010 and you want to submit an information return for the 2009 payment year. On January 5, 2010, 2009 becomes the current payment year and 2008, 2007 and earlier are considered prior payment years. The first line of a file formatted for a prior year would look like:

T2008P

where P represents prior year. If it is the current payment year, there would be a blank space instead of a ‘P’ in the 6^th position of your ‘T‘ record.

Another possible reason for the error is that you are missing data and its usually the TIN or TCC number. Double check to make sure that you have 9-digits for the TIN and 5-characters for the TCC number.

Technical support for the 1099Fire™ software is provided at no extra charge for the tax year that the software was purchased. We have a friendly and courteous staff that can resolve almost any technical support issue that might arise.