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I accidentally sent in 1099's partners in my business how

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Customer: I accidentally sent in...
Customer: I accidentally sent in 1099's for the partners in my business how will this effect them?
JA: Thanks. Can you give me any more details about your issue?
Customer: So we use an online payroll system and I submitted the 1099's through there but they will be getting k-1's and I was not supposed to send the 1099s
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Submitted: 2 years ago.Category: Tax
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Answered in 19 minutes by:
1/15/2016
Tax Professional: emc011075, Tax adviser replied 2 years ago
emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3,336
Experience: IRS licensed Enrolled Agent and tax instructor
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Hi. My name is ***** ***** I will be happy to help you.

You will have to sent a corrected 1099Misc. Here's the instructions how to do it:

http://budgeting.thenest.com/correct-1099-misc-mistake-previous-year-24567.html

You will also have to send a corrected copy to your partners.

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Tax Professional: emc011075, Tax adviser replied 2 years ago

You will basically file a form with 0s in the appropriate boxes. This will instruct IRS to disregard the originally filed 1099Misc.

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Tax Professional: emc011075, Tax adviser replied 2 years ago

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