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Level 1
posted Mar 24, 2025 8:46:35 PM

Brokerage made a mistake on 1099. I contacted them and they are making the fix. I don't think the corrected 1099 form will be available by 4/15. What should I do?

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1 Best answer
Level 15
Mar 26, 2025 4:32:25 AM

Before April 15th, whatever you expect to owe should be paid with your request for more time to file.

Best way: Go to the IRS Direct Pay  page and select EXTENSION.

You will get immediate confirmation.

 

@liuxuli 

3 Replies
Level 15
Mar 24, 2025 9:31:44 PM

You can request an extension of time to file. Perhaps you have heard of it.

See IRS website for how to request an extension of time

 

@liuxuli 

Level 1
Mar 25, 2025 10:45:16 PM

Thanks! I was aware of that, but I have dues to IRS, and I assume there will be punishment in such a case? I could not find any information about that.

Level 15
Mar 26, 2025 4:32:25 AM

Before April 15th, whatever you expect to owe should be paid with your request for more time to file.

Best way: Go to the IRS Direct Pay  page and select EXTENSION.

You will get immediate confirmation.

 

@liuxuli