Post Filing 1099 Correction Processing
One of the major advantages of the TSC1099 system is the ability to handle post-filing 1099 corrections. This has always been a problem for many organizations. Once the initial 1099 e-filing is done, any corrections to existing 1099’s or new forms must be transmitted to the IRS. The requirements for the correction filing can be complex and if done incorrectly can result in IRS penalties being assessed.
Make the change and you’re done…
To make changes to a 1099 that has been issued or to add a 1099, just logon to the TSC1099 web system. Powerful search functions allow you to quickly locate and change a specific 1099 record. You can then print and mail a revised copy to the recipient or simply send it as a PDF attachment via e-mail. The corrected 1099 is then transmitted to the IRS e-file system automatically. It’s that easy.