At the top-left of the 1099-X Plan Year screen, you'll find the Edit Payer Data box. Clicking Edit Payer opens the Payer Data screen, where you can edit or update payer information.
Most fields will be pre-populated from the Edit Plan/ Edit Company screens, except for the Payer TIN.
Note: The Payer TIN is the taxpayer’s identification number used for 1099/5498 distributions. It is generally different from the Employer Identification Number (EIN) used on Form 5500/SF filings.
To update payer information:
- Enter the new data directly into the fields.
- Changes are saved automatically as entered.
- Click Run Edit Checks in the upper left-hand corner of the Payer Data screen to validate the data.
- Fields with invalid data will be highlighted in red and will not be saved.
- Potential errors will be highlighted in yellow.
Note: To update default Company/Payer data, refer to the following article: Edit Company.
