AP146 - Correction on the 1099-MISC form where 0.00 is not picked up

Changes are applied for Print and Electronic to generate corrected returns with Print (incform) and Tape Output for all supported 1099 report types.

These are the additional tape type options for Electronic on the 1099 Tape Creation (AP146) form for the type of corrected return:
  • G - One Transaction Corrected G
  • Z - Two Transaction Corrected G
  • C - Two Transaction Corrected C
  • If Tape Type Selection = One Transaction Corrected G, then these are the changes made by AP146 to the output file:
    • Move G to field position 6 of the B record.
    • Report all other information per current functionality.
  • If Tape Type Selection = Two Transaction Corrected G, then these are the changes made by AP146 to the output file:
    • Move G to field position 6 of the B record.
    • Move zero to all amount fields.
    • Report all other information per current functionality.
  • If Tape Type Selection = Two Transaction Corrected, then these are the changes made by AP146 to the output file:
    • Move C to field position 6 of the B record.
    • Report all other information per current functionality.
These are the new Print Type options for Print on 1099 Tape Creation (AP146) form for the type of corrected return:
  • <blank> - default value; for the usual 1099 process
  • G - One Transaction Corrected G
  • Z - Two Transaction Corrected G
  • C - Two Transaction Corrected C

For One Transaction Corrected G, correction in the payment amount that results to zero (0.00) or adjusted reportable income is reported in the AP146 Print (inform) and Tape Output.

The AP146 program populates the corrected return indicator with code C or G in field position 6 of the Payee B Record.

Corrected return process:

To generate one-transaction corrections, perform these steps:
  1. To show the correct payment amount, update the payment records for specific vendors.
  2. On the 1099 Tape Creation (AP146) form, select G in the Tape Type or Print Type field.
  3. Select the vendor with one-transaction corrections.
  4. Click Submit.
  5. After you print the form, select the Corrected check box at the top of the form.
To generate two-transaction corrections, perform these steps:
  1. Identify the vendors that need correction.
  2. On the 1099 Tape Creation (AP146) form, select Z in the Tape Type or Print Type field.
  3. Select the vendor with two-transaction corrections.
  4. Click Submit.
    Note: If you are generating two-transaction correction returns, then you must perform this step before making any corrections to the original data. In this step, a printed form with blank amounts or a tape file with zero amount and corrected return G in field position 6 of the B records is generated.
  5. After you print the form, select the Corrected check box at the top of the form.
  6. Select the vendor with two-transaction corrections.
    Note: You must select the same vendor to which you make the corrected return Z.
  7. Click Submit.
    Note: A printed form with the correct payee information or a tape file with the correct payee information and corrected return C in field position 6 of the B records is generated.
Related Documentation KB 2227911: How to submit a corrected 1099 with AP146, Accounts Payable User Guide - Processing corrected returns
Related JT JT-1024360: Correction on the 1099-MISC form where 0.00 is not picked up