If you find an error on your contractor's Form 1099-NEC after filing it, you may need to file an amended form with the IRS.
To amend a Form 1099-NEC outside of Wave:
- Download the original Form 1099-NEC from the Tax Forms page in Wave.
- Visit the IRS website and click Form 1099-NEC PDF. The PDF will open in a new browser tab.
- Follow the instructions in the IRS PDF. Use your downloaded Form 1099-NEC from Wave to fill it in, correcting only the incorrect section.
- Select the Corrected box to show this is an amended form.
To file an amended Form 1099-NEC electronically with the IRS, use their FIRE (Filing Information Returns Electronically) or IRIS (Information Returns Intake System).
To file on paper, review the Instructions for Forms 1099-MISC and 1099-NEC. The IRS requires you to e-file if you have to submit more than 10 Form 1099-NEC. When you file on paper, you are required to submit a Form 1096 outside of Wave. This form is not sent to contractors and is not required if filing electronically.
Once you are done with the filing, provide your contractor with an amended copy and keep a copy for your records.
Ensure your contractor keeps a copy of the original incorrect filing for their records.