☛ Note: References to Form 4804 apply to magnetically filed media only. Form 4804 is…

ted electronically through the FIRE System.

D. Make a separate “A” Record for each type of return and each

payer being reported. The information in the “A” Record will be exactly the same as it was in the original submission with one exception; remove the “1” from Field Position 48, and set the Correction File Indicator (Field Position 50) to “1”. E. The Payee “B” Records must contain exactly the same infor mation as submitted previously, except, insert a Corrected Return Indicator Code of “G” in Field Position 6 of the “B” Records, and enter “0” (zeros) in all payment amounts. F. Corrected returns submitted to IRS/MCC using “G” coded “B”

Records may be on the same file as those returns submitted with a “C” code; however, separate “A” Records are required. G. Prepare a separate “C” Record for each type of return and each

payer being reported. H. Continue with Transaction 2 to complete the correction.

Transaction 2 : Report the correct information.

A. Make a separate “A” Record for each type of return and each

payer being reported. Remove the “1” in Field Position 48 and set the Correction File Indicator (Field Position 50), to “1” (one). B. The Payee “B” Records must show the correct information as

well as a Corrected Return Indicator Code of “C” in Field Position 6. C. Corrected returns submitted to IRS/MCC using “C” coded “B”

Records may be on the same file as those returns submitted with “G” codes; however, separate “A” Records are required. D. Prepare a separate “C” Record for each type of return and each

payer being reported. E. The last record on the file will be the End of Transmission “F”

Record. G. Indicate “Correction” on the external media label.