Penalties for failing to file Form 1099-MISC on time

Updated on January 04, 2020 - 10:30 AM by Admin, ExpressEfile

Form 1099-MISC has different deadlines for filing and sending recipient copies. So, payers are likely to miss filing or sending the copies on time. The IRS imposes penalties for both missing to file and furnishing recipient copies before the deadline.

Read on to learn about the penalty rates of Form 1099-MISC
and more.