1099 Corrections

If you successfully transmitted a file through the IRS FIRE System that you later realized contained erroneous information, then you need to file a correction for just the records that had erroneous information. You have until August 1 to file a corrections but the IRS FIRE System remains active until late November giving you the opportunity to file corrections 11 months out of the tax year. The filer must furnish a corrected Copy B to the recipient(s) as soon as possible.

We can prepare and efile corrections for any 1097-BTC, 1098, 1099, 3921, 3922, 5498 and W-2G 1042-S forms. Corrections take time to prepare and efile and we do charge for this service.

Prepare and Electronically File Late Originals
If you failed to submit a record to the IRS by the due date, then its not a correction. Instead its a late original. Put together an excel file with just the record(s) that were omitted and upload to our secure server. We can prepare Copy B for you to review and upon your approval, we can then transmit to the IRS. We will forward the IRS acknowledgement receipt in 2-5 days.

$99.95

Prepare and electronically file 1-step corrections.
Here the original return that was filed had incorrect payment amounts or you are trying to void the transaction. Put together an excel file with just the record(s) with the new money amounts and a check in the corrected box (Col B in excel) and upload to our secure server. We can prepare Copy B for you to review and upon your approval, we can transmit to the IRS. We will forward the IRS acknowledgement receipt in 2-5 days.

$129.95

Prepare and electronically file 2-step corrections.
If the original return that was filed had an incorrect TIN (or no TIN) and/or payee name, then you want to efile a 2-step correction. The first step will have the original data with the money amounts set to 0. This step voids those records. The second step has the correct data and the correct money amounts. We can prepare Copy B for you to review and upon your approval, we can transmit to the IRS. We will forward the IRS acknowledgement receipt in 2-5 days.

$169.95

95% of the corrections we efile involve incorrect payment amounts, voiding transactions, incorrect TIN and/or payee names. Other types of corrections we can prepare are below:

Incorrect payment amount codes
Incorrect distribution code
Incorrect payee indicator
Wrong type of return indicator
Incorrect payer name and/or TIN

Replacement data
If you transmitted a file to the IRS and it came back as BAD, then the file was never accepted by the IRS. In this case, you clean up whatever errors the file had and resubmit as a replacement or as a new original. A correction arises when you submitted a file to the IRS and it came back as "GOOD, Released" status and you later you realize some of the data was erroneous.