Client has a Form 1099-NEC needed to be corrected. After e-filing the Corrected Form 1099-NEC, I found a typo in the business name of the Payer on the Corrected form. It is just a one-letter error.
Let's say the business name is "Best Taste Restaurant', I have mistyped 'Best Tast Restaurant' on the Corrected form.
The EIN is correct though. I have tripled checked on it.
Is this a non-issue and nothing needs to be done since the EIN is correct?
Or would that possibly cause a problem with the IRS to match the Corrected Form 1099-NEC with the originally filed one?