Instructions For Forms 1099-Sa And 5498-Sa - 2006 Page 11
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25Filing Corrected Returns on Paper Forms
Identify the correction needed based on Error Type 1 or 2; then follow the steps to make the corrections and file the
form(s). Also see Corrected Returns on Paper Forms on page GEN-6.
Error Type 1
Correction
A.
Form 1098, 1099, 5498, or W-2G
Incorrect money amount(s), code, or
checkbox,
1.
Prepare a new information return.
or
2.
Enter an “X” in the “CORRECTED” box (and date
Incorrect address,
(optional)) at the top of the form.
or
3.
Correct any recipient information such as money
Incorrect payee name,
amounts and address. Report other information as
or
per original return.
A return was filed when one should
B.
Form 1096
not have been filed.
1.
Prepare a new transmittal Form 1096.
These errors require only one return to
2.
Provide all requested information on the form as it
make the correction.
applies to Part A, 1 and 2.
Caution: If you must correct a TIN
3.
File Form 1096 and Copy A of the return with the
and/or a name and address, follow the
appropriate service center.
instructions under Error 2.
4.
Do not include a copy of the original return that was
filed incorrectly.
Error Type 2
Correction
No payee TIN (SSN, EIN, QI-EIN, or
Step 1. Identify incorrect
1.
Prepare a new information return.
ITIN),
return submitted.
2.
Enter an “X” in the “CORRECTED” box (and date
or
(optional)) at the top of the form.
Incorrect payee TIN,
3.
Enter the payer, recipient, and account number
or
information exactly as it appeared on the original
incorrect return; however, enter 0 (zero) for all money
Incorrect name and address
amounts.
or
Original return filed using wrong
Step 2. Report correct
A.
Form 1098, 1099, 5498, or W-2G
type of return (for example, a Form
information.
1099-DIV was filed when a Form
1.
Prepare a new information return.
1099-INT should have been filed).
2.
Do not enter an “X” in the “CORRECTED” box at the
top of the form. Prepare the new return as though it
Two separate returns are required to
is an original.
make the correction properly. Follow
all instructions for both Steps 1 and 2.
3.
Include all the correct information on the form
including the correct TIN, name, and address.
Note: You do not have to file a
corrected return for an incorrect payer
B.
Form 1096
TIN and/or incorrect payer name and
1.
Prepare a new transmittal Form 1096.
address.
2.
Enter the words “Filed To Correct TIN,” “Filed to
Correct Name and Address,” or “Filed to Correct
Return” in the bottom margin of the form.
3.
Provide all requested information on the form as it
applies to the returns prepared in Steps 1 and 2.
4.
File Form 1096 and Copy A of the return with the
appropriate service center.
5.
Do not include a copy of the original return that was
filed incorrectly.
GEN-7
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