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General Instructions

* Select "Original" for an original filing.
* Select "First correction" for Error Type 1 or the first step of Error Type 2 (see below).
* Select "Second correction" for the second step of Error Type 2 (see below).

NOTE: Only "First correction" will place an "X" in the CORRECTED box on the Form 1099-R.

1099-R Specific Instructions

Corrected Form 1099-R

If you filed a Form 1099-R with the IRS and later discover that there is an error on it, you must correct it as soon as possible. For example, if you transmit a direct rollover and file a Form 1099-R with the IRS reporting that none of the direct rollover is taxable by entering 0 (zero) in box 2a, and you then discover that part of the direct rollover consists of required minimum distributions under section 401(a)(9), you must file a corrected Form 1099-R. See part I in the 2005 General Instructions for Forms 1099, 1098, 5498, and W-2G.

1099-R General Instructions

I. Corrected Returns on Paper Forms

CAUTION! To file corrections on magnetic media, see Electronic/Magnetic Media Reporting on page GEN-5 and Pub. 1220.

If you filed a return with the IRS and later discover you made an error on it, you must:

Correct it as soon as possible and file Copy A and Form 1096 with your Internal Revenue Service Center (see Where To File on page GEN-8).
Furnish statements to recipients showing the correction.

When making a correction, complete all required information (see Filing Corrected Returns on Paper Forms on page GEN-12).

Filing Corrected Returns on Paper Forms

Identify the correction needed based on Error Type 1 or 2; then follow the steps to make the corrections and file the form(s). Also see Corrected Returns on Paper Forms on page GEN-11.

Error Type 1

Correction

Incorrect money amount(s), code, or
checkbox,
or
Incorrect address,
Incorrect payee name,
or
A return was filed when one should
not have been filed

These errors require only one return to make
the correction.

Caution: If you must correct a TIN
and/or a name and address, follow the
instructions under Error 2.

A. Form 1098, 1099, 5498, or W-2G
1. Prepare a new information return.
2. Enter an "X" in the "CORRECTED" box (and date
(optional)) at the top of the form.
3. Correct any recipient information such as money
amounts and address. Report other information as
per original return.

B. Form 1096
1. Prepare a new transmittal Form 1096.
2. Provide all requested information on the form as it
applies to Part A, 1 and 2.
3. File Form 1096 and Copy A of the return with the
appropriate service center.
Do not include a copy of the original return that was
filed incorrectly.

Error Type 2 Correction
No payee TIN (SSN, EIN, QI-EIN, or
ITIN),
or
Incorrect payee TIN,
or
Incorrect name and address

Original return filed using wrong
type of return (for example, a Form
1099-DIV was filed when a Form
1099-INT should have been filed).

Two separate returns are required to
make the correction properly. Follow
all instructions for both Steps 1 and 2.

Note: You do not have to file a
corrected return for an incorrect payer
TIN and/or incorrect payer name and
address.

Step 1. Identify incorrect
return submitted.

___________________
Step 2. Report correct
information.

1. Prepare a new information return.
2. Enter an "X" in the "CORRECTED" box (and date
(optional) at the top of the form.
3.Enter the payer, recipient, and account number
information exactly as it appeared on the original
incorrect return; however, enter 0 (zero) for all money
amounts.

___________________________________________
A. Form 1098, 1099, 5498, or W-2G
1. Prepare a new information return.
2. Do not enter an "X" in the "CORRECTED" box at the
top of the form. Prepare the new return as though it
is an original.
3. Include all the correct information on the form
including the correct TIN, name, and address.

B. Form 1096
1. Prepare a new transmittal Form 1096.
2. Enter the words "Filed To Correct TIN," "Filed to
Correct Name and Address," or "File to Correct
Return" in the bottom margin of the form.
3. Provide all requested information on the form as it
applies to the returns prepared in Steps 1 and 2.
4. File Form 1096 and Copy A of the return with the
appropriate service center.
5. Do not include a copy of the original return that was
filed incorrectly.

Do not cut or separate forms that are two or three to a page. Submit the entire page even if only one of the forms on the page is completed.
Do not staple the forms to Form 1096.
Do not send corrected returns to the IRS if you are correcting state or local information only. Contact the state or local tax department for help with this type of correction. To correct payer information, see the instructions on page GEN-5.

Form 1096. Use a separate Form 1096 for each type of return you are correcting. For the same type of return, you may use one Form 1096 for both originals and corrections. You do not need to correct a previously filed Form 1096.

CORRECTED checkbox. Enter an "X" in the corrected checkbox only when correcting a form previously filed with the IRS or furnished to the recipient. When the type of error requires two returns to make the correction, see Filing Corrected Returns on Paper Forms on page GEN-12 to determine when to mark the "CORRECTED" checkbox.

Account number. If the account number was provided on the original return, the same account number must be included on both the original and corrected return to properly identify and process the correction. If the account number was not provided on the original return, do not include it on the corrected return. See Account Number Box on Forms on page GEN-15.

Recipient's statement. You may enter a date next to the "CORRECTED" checkbox. This will help the recipient in the case of multiple corrections.

Filing corrected returns on paper forms. The error charts on page GEN-12 give step-by-step instructions for filing corrected returns for the most frequently made errors. They are grouped under Error Type 1 or 2, based on how the correction is made. Correction of errors may require the submission of more than one return. Be sure to read and follow the steps given.

CAUTION! If you fail to file correct information returns or furnish a correct payee statement, you may be subject to a penalty. See Penalties on page GEN-4. Regulations section 301.6724-1 (relating to information return penalties) does not require you to file corrected returns for missing or incorrect TINs if you meet the reasonable cause criteria. You are merely required to include the correct TIN on the next original return you are required to file. However, if you do not meet the reasonable cause criteria, a reduced penalty may be imposed if the corrected returns are filed by August 1.

In addition, even if you meet the reasonable cause criteria, the IRS encourages you to file corrections for incorrect or missing TINs so that the IRS can update the payees' records.

CorrectedIND