No, you do not need to request a new Form 1099. If the address is incorrect it will not affect your tax return in any way. If you will be receiving any further mailings from this company, I would recommend that you contact them so they can correct it going forward.
How do I correct a wrong address on a 1099?
To correct Type 1 errors, file the correct form with the correct amount, code, checkbox, name or address and check the “CORRECTED” box (generally located at the top of the form). Send the corrected form to the recipient and prepare the red Copy A to send to the IRS with the Form 1096 transmittal if paper filing.
Do I need to file a corrected 1099 for an address change?
No, you will not need to amend the 1099-Misc just to make a recipient address change. The income will still be reported based on the recipient’s tax ID. You should, however, mail a copy of the 1099-Misc to the recipient’s new address if one has been provided to you.
Does IRS share information with state?
The IRS shares taxpayer information with federal, state, and municipal government agencies with the goal of improving overall compliance with tax laws. The IRS is authorized by IRC section 6103(d) to disclose federal tax information to state and local tax authorities for tax administration purposes.
How to file a 1099 for a different state than residence?
Order a state income tax reporting form from the state in question or download the forms online if you received a 1099 from a state and physically worked there. You are liable to that state to pay taxes on wages earned during your time working there.
What happens if you make an error on a 1099 form?
An incorrect name or address or an incorrect originally submitted form (if it was a 1099-MISC form when it should’ve been a 1099-DIV form, for instance) are Type 2 cases. In this instance, you would file the same form with the “corrected” box checked off.
Who is required to file a 1099 tax return?
A Form 1099 is provided by a contracting or hiring party to a independent contractor and the IRS to report the amount of wages paid to the contractor. The IRS requires a Form 1099 for all independent contractors. Determine your tax liability, if any, to the state that the Form 1099 was issued from.
What to do if your state of residence is incorrect?
Contact the human resources department at your place of employment. Explain to the human resources manager in charge of handling W-2 forms that the state of residence on your form is incorrect. Take your incorrect W-2 form to the manager for review.
