The IRS defines corrections into two distinct categories. 1) Corrections that involve a mistake with a form amount field and/or description, etc and 2) Corrections that involve a mistake with the Recipients Name, Address, or TaxID.

Depending on the correction type that is outlined above, the IRS requires either an Identifying and Correcting transaction to be issued, or just a Correction transaction to be issued. When you click the ‘Mark Corrected' button on the ‘Manage Recipient' screen in  E-File Magic 2.0, for a record that has already been transmitted for processing, E-File Magic will review the adjustments you make and determine the appropriate transactions to issue for you. This simplifies the process of issuing corrections and helps mitigate any potential errors.