2022 Form 1099-INT (Interest Income) Corrections

If you made a mistake on your original accepted return, you can always correct & submit it again to the IRS as well the recipients, and the state agencies (if applicable).

Filing the 1099-INT correction Form is very similar to filing your original 1099-INT return.

  • Type 1 error includes reporting the incorrect payments, codes, or when you realized the return should not have been filed for the recipient.
  • Type 2 error includes missing or incorrect payee Taxpayer Identification Number, incorrect name, or the Original return filed using the wrong type of return.

You can correct the 1099-INT errors & transmit it again to the IRS either you have filed your original return through our software or with some other service provider!

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Penalties for late Filing of 2022 1099-INT Form (Interest Income)

If you fail to file Form 1099-INT by the deadline you will have to face penalties. The penalty amount depends on the size of your organization and how many days your return is later. Penalty amounts ranges from $50 to $1,113,000. You can avoid penalties by filing form 1099-INT on time or by just filing an extension Form 8809.

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Download the 1099 Mobile App

E-File 1099-INT Form on the go!

Download our free 1099 mobile app today & conveniently e-file your 1099-INT Forms from your iOS or Android devices!

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