What are some of the most common problems with electronic files?
• Discrepancy Between IRS/ECC-MTB Totals and Totals in Payer C Records. The C Record is a summary record for a type of return for a given payer. IRS compares the total number of payees and payment amounts in the B records with totals in the C Records. The two totals must agree. Do NOT enter negative amounts except when reporting Forms 1099-B or 1099-Q. Money amounts must be all numeric, right-justified and zero (0) fill unused positions. Do Not Use Blanks. • Missing Correction Indicator in Payee B Record. When a file is submitted as a correction file, there must be a correction indicator, G or C in position 6 of the Payee B record. • Incorrect TIN in Payer A Record. The Payers TIN reported in positions 12-20 of the A record must be a nine-digit number. (Do Not Enter Hyphens.) The TIN and the First Payer Name Line provided in the A record must correspond. • Incorrect Tax Year in the Transmitter T Record, Payer A Record and the Payee B Records. The tax year in the transmitter, payer and
