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1099 Correction: Incorrect Dollar Amount/Recipient Information
1099 Correction: Incorrect Dollar Amount/Recipient Information

Make a correction to both your recipient information and the dollar amounts reported.

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Written by Adams Tax Forms
Updated over a week ago

Did you find an error in both the recipient's TIN or Name and the amounts reported to the IRS? Choose “Incorrect Dollar Amount / Recipient Information” when you need to do a 2-step correction to fix both the recipient name or TIN and a dollar amount, checkbox, or code.

Do not use this type of correction unless you need to change both types of information on a form. Otherwise select the option: change a dollar amount or change recipient information.

Access Forms from Your Dashboard: Start by navigating to the Forms section from your dashboard.

Select the Form: Find the specific 1099 form you need to correct, such as a 1099-DIV.

Initiate Correction: From the Actions dropdown menu, choose "Correction."

Create Correction: On the next screen, click “Create Correction” to begin the correction process. Please note that filing a correction will involve an additional payment.

Reason for Correction: Select the reason for your correction from the dropdown menu. For instance, if you need to correct the dollar amount or Recipient name on your 1099-DIV, choose that option.

Update Information: Enter the correct recipient information\ in the provided fields. Once done, scroll down and click “Save.”

Review Changes: Review the changes you’ve made. When you’re satisfied, click “Save and Create Correction.” You can always click “Cancel” if you feel you’ve made an error or want to cancel your correction process.

Please read carefully: Click “Continue” when you’re ready.

Update Information: Enter the corrected dollar amounts in the provided fields. Once done, scroll down and click “Complete Correction”

Next Steps: On the “What’s Next” page, you’ll be presented with options such as Print Corrected, Print New, Print New & Corrected, eFile Corrected Form, or Return to Forms. Pay attention to the instructions on this page, especially if you’re filing by paper or electronically. Here, we’re going to eFile our Corrected 1099-DIV.

eFile Corrected Form. Once you’ve clicked “eFile Corrected Form,” Adams Tax Forms Helper will eFile both of your forms, along with your 1096 summary. Good on you! You’ve eFiled a corrected 1099 for incorrect dollar amount / Recipient information!

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