There is no hard deadline to file a 1099 tax form correction.
The IRS generally prefers for 1099 tax forms to be corrected within three years of their initial filing date. This is because there is a three year window to amend your personal tax return and collect a refund from a corrected 1099 tax form. With that said, the IRS does not tend to refuse or block 1099 corrections from being filed, even after three years.
If you aren’t sure if you need to request a correction from your platform, or have questions about the process, you may want to consult your tax advisor
This article is neither legal advice nor tax advice. We recommend that you speak to your tax advisor with any questions or concerns around tax reporting.
