ANNUAL INFORMATION RETURNS (FORM 1099) – CORRECTING - 8422.192

The State Controller’s Office, Supplier Management and Reporting Team (SMaRT) supports agencies/departments who participate in the State Reportable Payment Program (SRPP) with Form 1099 processing. Agencies/Departments are responsible for ensuring the accuracy of the information reported and contacting the SMaRT after all adjustments are completed. The SMaRT will only process and furnish a corrected Form 1099 to the payee(s) for the appropriate tax year when the original Form 1099 was issued through the SRPP.

Filing a corrected Form 1099 electronically through SRPP:

• Agencies/Departments will adjust the original Form 1099 amount(s) reported and notify the SMaRT to issue the corrected form to the payee.
• The SMaRT will electronically file (e-file) the corrected Form 1099 with the Internal Revenue Service (IRS) and the Franchise Tax Board (FTB) and furnish a copy to the payee.
• For additional information on filing a corrected Form 1099, e-mail the SMaRT at FISCALSMaRT1099Help@sco.ca.gov.

Agencies/Departments deferred/exempt from using FI$Cal that do not utilize SRPP and the SMaRT as their reporting agent must process the corrected Form 1099 to the IRS and the FTB and furnish a copy to the payee. For information on filing corrected returns, refer to the IRS website and the FTB website.

For information on the annual reporting of Form 1099, see SAM Section 8422.191.