Other questions

I’m glad to hear the previous assistance was helpful, Monica. I understand the importance of having accurate information on forms, especially something as critical as the 1099-NEC for your contractor. It’s crucial to get these corrections made promptly, and I'm here to help you navigate this process.

To begin with, please know that the 1099 corrections will be available in mid-February 2025.

If you'd like to correct your contractor's name, please follow the steps below:

1. Navigate to the 1099 filings tab.
   • For QuickBooks Online and QuickBooks Online Payroll: Click on Taxes, then select 1099 filings.
   • For QuickBooks Contractor Payments: Simply go to the 1099 filings section.
2. Click on Correct next to the form you wish to update.  
   • Note: Your business information must match exactly with what was originally submitted to the IRS. If there have been any changes since your filing, revert them back.
3. The accounts and boxes you previously selected will appear; these show the payments or expenses made to your contractors along with the corresponding 1099 box. To remove an account, click Remove next to that row. If you need to add or change an account, click Select Accounts.
   • If you mistakenly filed for a contractor, remove all the accounts listed and move on to Step 5.
4. If you need to change the 1099 box, click the dropdown ▼ next to the account and choose either the 1099-NEC or 1099-MISC box that corresponds to the type of payments made to your contractors.
5. Click Next.  
   • If you've made any changes to your accounts or 1099 boxes, you'll receive a message indicating that other 1099 forms may also be impacted. Review your other contractors' 1099 forms and make any necessary corrections. Click Got it to proceed.
6. Confirm that the Corrected total is what you expected.  
   • Note: If the contractor payment total falls below the 1099 threshold and they no longer require a 1099, the Corrected total will show as $0.00.
7. Review your contractors' personal information and email addresses. Click Edit ✎ to make any adjustments, then select Next.
   
8. Click Preview to check each corrected 1099, and select the E-file corrected form option twice.
   • Note: We will not email or mail copies of corrected 1099 forms to contractors; you will need to provide these copies yourself.
9. Repeat these steps for each 1099 form you wish to correct.

Once done, you can now file your e-file the correction with the IRS:

1. E-file the original form again:
   • The corrected checkbox is selected on the form. 
   • The form will include the original contractor info and TIN.
   • All boxes will be zero dollars ($0).
2. E-file a new form with the correct info.

For further information on how to make corrections to 1099-NEC or 1099-MISC forms after you e-filed them, please refer to this article: Correct or change 1099s in QuickBooks.

Once you've filed the corrected 1099, you might want to check out this article to learn how to print it: Print your 1099 and 1096 forms.

Making sure your tax documents are accurate is essential, and I’m here to assist you every step of the way, Monica. If you have any more questions or need further assistance with this process, please don’t hesitate to ask.