How to void a 1099-NEC already sent to IRS when it should've been on 1099-MISC?

5 If I already sent the vendor both forms originally, should I mark the new 1099-MISC as "CORRECTED" too? Or just send them a new one with a note explaining the situation?

8 You should only mark the 1099-MISC as "CORRECTED" if you had previously filed an incorrect 1099-MISC with the IRS. If this is the first 1099-MISC you're filing for this vendor, don't check the "CORRECTED" box - it would just be a regular filing. When you send the forms to the vendor, include a brief note explaining the situation - that the 1099-NEC was issued in error and should be disregarded, and that the 1099-MISC contains the correct total payment information. This helps them understand what happened and prevents confusion when they're doing their taxes.

17 How exactly does taxr.ai work? Do you just upload your forms and it tells you what's wrong? I'm curious because I've got a similar situation but with 1099-K forms.

3 I'm a bit skeptical... isn't this just something an accountant could tell you? What makes their system better than just calling the IRS directly (besides the hold time obviously)?

12 You upload your tax documents and their AI analyzes them for errors or inconsistencies. It flags potential issues and provides explanations about how to fix them. For your 1099-K situation, it would review the forms and identify any problems that could trigger IRS notices. What makes it different from an accountant is the immediate feedback and specialized knowledge about form corrections. As for comparing to the IRS, while the IRS can eventually answer questions, they typically won't review your actual documents to identify problems - they'll just tell you the general procedure. The system is designed to catch things before they become problems with the IRS.

22 Wait, how does that actually work? Does the IRS know about this service? Sounds too good to be true honestly.

3 That sounds sketchy. How do I know they're not just charging me to call the IRS, which is free anyway? Has anyone actually confirmed this is legit?

14 The service uses automated technology to wait in the IRS phone queue for you. When an agent answers, the system connects you directly to that IRS agent. The IRS doesn't officially endorse it, but there's nothing against the rules - you're still speaking directly with an IRS representative. It's really just a time-saving service. You can absolutely call the IRS yourself for free, but if you've tried recently, you know it can take dozens of attempts and hours on hold. I was skeptical too, but after wasting entire afternoons on hold only to get disconnected, I decided it was worth trying.

8 Definitely fix it now before the deadline if possible! Here's why: If you submit corrected forms before the filing deadline, it's essentially like the error never happened from the IRS perspective. There's no penalty for corrections submitted before the deadline. If you wait until after the deadline, you're technically submitting late corrections, which could potentially trigger penalties (though they're often waived for good-faith corrections). Also, waiting increases the chance that your vendor might file their taxes using the incorrect information, creating headaches for everyone involved.

7 Thanks for the clear explanation! I'll get those corrections submitted this weekend then. Makes total sense to fix it before the deadline to avoid any potential issues.

18 I used QuickBooks for 1099 corrections last year. The process was pretty straightforward - you just void the incorrect form in the system and create the new one. It handles formatting everything correctly with the right boxes checked. One weird thing though - after I submitted through QB, it still showed both forms in the system which freaked me out. But when I called to confirm, they explained that's normal and they keep records of both the voided and corrected forms. The IRS only received the proper corrected version.

9 That's super helpful, thanks! I was worried about the potential for double-reporting if I used QB. Glad to hear it worked out smoothly. I'll go ahead and use their correction feature.

This is really helpful, thanks for laying out the step-by-step process! I'm curious about the callback service you mentioned - was that something like Claimyr that was discussed earlier in the thread? I'm dealing with a similar situation and want to make sure I can confirm everything was processed correctly without spending hours on hold with the IRS.