jimmymac
Reputable Poster
We are on E1 9.0, tools release 9.1.4.7.
My question is surrounding how to produce and file with the IRS a corrected 1099 return. Using the JDE AP method for 1099s, we ran the processed to build the AP workfile in January and printed the 1099s to be mailed to the recipient. Before 3/31, we performed the process to create the file to go to the IRS. This involved going into Write media and choosing the Electronic file and Original and the file was produced an sent to the IRS.
Since 3/31, AP has made a few revisions to correct amounts or Tax ID numbers and re sent the 1099 to the recipient.
We now need to also send a corrected file to the IRS. If we go into Write media and choose Electronic file and Corrected, we get a file that we do not quite understand. The resulting file now contains all entries regardless of whether they meet the threshold amounts, and all of the B records in the file are flagged with a G( correction) in position 6.
Does this sound correct? It seems odd that we would be sending a file to the IRS with every record flagged with a G, when only a small number actually reflect corrections. Or is this just the way that IRS does it. It doesn't know what corrections you might have made, so it wants the whole file, regardless of threshold amounts and all of them are flagged as corrections.
Are we missing something here or is it just as simple as that. Input with anyone with experience filing a corrected 1099 return would be helpful. Thanks.
My question is surrounding how to produce and file with the IRS a corrected 1099 return. Using the JDE AP method for 1099s, we ran the processed to build the AP workfile in January and printed the 1099s to be mailed to the recipient. Before 3/31, we performed the process to create the file to go to the IRS. This involved going into Write media and choosing the Electronic file and Original and the file was produced an sent to the IRS.
Since 3/31, AP has made a few revisions to correct amounts or Tax ID numbers and re sent the 1099 to the recipient.
We now need to also send a corrected file to the IRS. If we go into Write media and choose Electronic file and Corrected, we get a file that we do not quite understand. The resulting file now contains all entries regardless of whether they meet the threshold amounts, and all of the B records in the file are flagged with a G( correction) in position 6.
Does this sound correct? It seems odd that we would be sending a file to the IRS with every record flagged with a G, when only a small number actually reflect corrections. Or is this just the way that IRS does it. It doesn't know what corrections you might have made, so it wants the whole file, regardless of threshold amounts and all of them are flagged as corrections.
Are we missing something here or is it just as simple as that. Input with anyone with experience filing a corrected 1099 return would be helpful. Thanks.