1099 correction

  • 1099 correction

    Posted by DSC Communities on March 14, 2017 at 11:55 am
    • Kevin McLain

      Member

      March 14, 2017 at 11:55 AM

      I need to issue a new 2016 1099-INT to a individual that requested their 1099-INT be issued to them and not in the business’ name (closed in 2015 but they did not notify us). Am i able to print a corrected 1099 with a “zero” balance in GP 2013, as well as it showing on a 1096?

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      Kevin M
      Hefty Seed Co

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    • Burgen Havens

      Member

      March 14, 2017 at 1:09 PM

      HI, I had this same issue, and yes you can print a new 1099 with a zero balance. 
      You will need to create a new vendor in the cards.
      Once you set up your new 1099 vendor, you can correct/print a new 2016 1099 for them
      Cards>Purchasing>1099 details
      use the look up to find your vendor
      make sure your display is set to month, set your year to 2016
      scroll through the months and correct any amount you need to under the 1099 box 7.
      Once you have created your new vendor, and correct the amounts you can go back and print a new 1099 for that vendor. 
      Hope this helps. 
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      Burgen Havens
      Rancho Santa Fe Fire Protection District
      Rancho Santa Fe CA
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    • Chris Hadden, CPP

      Member

      March 14, 2017 at 4:10 PM

      If you have already filed your 1096 with the IRS, keep in mind the corrected filing requirements. These requirements are discussed in the General Instructions for Certain Information Returns document: https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

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      Chris Hadden, CPP
      Technical Sales Manager
      Greenshades Software
      Jacksonville FL
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    DSC Communities replied 6 years, 6 months ago 1 Member · 0 Replies
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