2019 Int 1099 To Be Reissued

  |     |   11 posts since 2016

Dear Member,

We have discovered an error while processing our 1099-INT forms for 2019. We have corrected the calculations and will be issuing new 1099-INT forms that will include the corrected amount. Please note that all 1099-INT forms sent to IRS for reporting, are not due until March. Therefore, the IRS will receive the most up to date 1099-INT form. We apologize for any inconvenience.

For further questions or concerns, please contact Member Services at 1-800-262-5325.

Thank you,


  |     |   376 posts since 2017
Last year after filing taxes i had corrections sent to house. Had to refile taxes again. How are these mistakes happening. Now i wait till the latest possible to file
  |     |   6 posts since 2020
Unless you are expecting a very large refund it's a good practice not to file until as late as possible since corrected 1099s are not uncommon. If you have a tax professional do your taxes they will charge you a fee if they have to refile. The tax system is abysmal. Citizens should not have to go through this nightmare every tax season just for the the privilege of paying taxes. It's an outrage that any citizen should have to hire someone to figure out what they owe. The system could be changed to avoid all of the angst by using something like a flat tax or any number of other simplifications that have been proposed. But there is a gigantic lobby that makes their living off of the current convoluted system that is opposed to it. And the majority of them are the very people who legislate the tax laws.

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