CORRECTED 1099-OID PREPARATION CHECKLIST
Reporting Year:
Account Number:
Payee TIN (Last 4):

ORIGINAL VS CORRECTED REVIEW
[ ] Original return transmission status verified (Filed vs Unfiled)
[ ] Corrected account number matches original exactly
[ ] Box 1 (OID) recalculated based on new lot data
[ ] Box 2 (Other periodic interest) verified
[ ] Box 6 (Acquisition Premium) recalculated
[ ] Box 8 (Treasury OID) verified
[ ] Box 11 (Tax-Exempt OID) verified
[ ] Gross vs. Net reporting convention remains consistent

SYSTEM AND TRANSMISSION
[ ] Correction indicator flagged in reporting system
[ ] IRS electronic filing channel selected (e.g., IRIS)
[ ] Transmission batch accepted by IRS

FURNISHING AND RECORDKEEPING
[ ] "CORRECTED" box checked on payee statement
[ ] Payee TIN truncated on furnished copy
[ ] Statement dispatched to payee
[ ] Revised lot calculation history archived
[ ] Issue resolution notes documented: