This article is for platforms or marketplaces using Connect Tax Reporting 1099 to correct filed and delivered 1099 tax forms for their accounts.

• What kinds of changes can I make to a 1099?
• I filed forms by accident — can I update or recall them?
• How do I correct a 1099 form?
• Can I correct a form that has already been corrected and re-filed with the IRS?
• How do I correct both payee data and form totals for a recipient?
• Will a zero'd form be created by a correction?
• Can I correct a state filing?
• What if my recipients' 1099 forms have been rejected?

What kinds of changes can I make to a 1099?

There are three types of changes that can be made to a tax form in the Stripe dashboard.

• Update: Changes made to a form that hasn't been filed with the IRS.
• Correction: Changes made to a form filed with and accepted by the IRS.
• Replacement: A newly submitted form that replaces a form previously rejected by the IRS.

I filed forms by accident — can I update or recall them?

Once a 1099 has been filed, the only way to make changes to it through Stripe is by submitting a correction to the form in the Tax Reporting 1099 dashboard.

For forms that haven’t been filed, you can edit them directly in the dashboard or update tax forms via CSV import.

How do I correct a 1099 form?

You can correct a filed 1099 form by either:

• Editing a form for correction directly in the dashboard.
• Exporting the tax forms to a CSV file, making your changes, and then importing the corrected tax forms in the dashboard.

If you need to revise a correction or make additional changes, it can be canceled in the dashboard any time before it’s re-filed with the IRS. Corrections won’t trigger the filing process until you click the File button in the dashboard.

Can I correct a form that has already been corrected and re-filed with the IRS?

There is no limit to the total number of corrections that can be made to a given form.

You can edit and file a new correction in the dashboard. Additional corrections can't be performed until the form has moved out of the filing status; this indicates the last correction has been received by the IRS.

There isn’t additional cost for e-filing corrections, but standard pricing applies if postal mail is chosen as the delivery method to your 1099 recipients. Pricing information can be found within the tax reporting section of https://stripe.com/connect/pricing.

Consult a tax advisor if you have questions on the acceptable timing of your corrections.

How do I correct both payee data and form totals for a recipient?

Each correction filed can change either the payee data or the totals on the tax form. You can't change both payee data and totals at the same time.

If you need to correct both of these for a recipient, you can do so by filing two separate corrections — one for correcting the payee data, and the other for correcting the form totals. You can submit these corrected forms in either order, but the second correction shouldn't be submitted until the first form has been accepted by the IRS.

Will a zero'd form be created by a correction?

When you correct totals, a single form replaces the original and includes the original payee information, new totals, and a checked Corrected checkbox. There will be no zero'd form when you correct totals.

When you correct payee information, two forms replace the original:

• The first form includes the original payee information, zeros for all totals, and a checked Corrected checkbox.
• The second form includes the new payee information, original totals, and an unchecked Corrected checkbox.

Can I correct a state filing?

When you file a correction with the IRS, the state correction is filed at the same time.

What if my recipients' 1099 forms have been rejected?

The IRS allows replacement forms to be filed in cases where they respond with a rejection to the initial filing.

You have 60 days from your initial submission to file replacement forms with the IRS, otherwise penalties may be assessed. The IRS rejection of 1099 forms does not affect the delivery of those forms to your recipients.

This article is neither legal advice nor tax advice. We recommend that you speak to your tax advisor with any questions or concerns around tax reporting.