Hi there,
1. Is there a penalty for sending the 1099MISC information return late to the IRS?
2. I was notified by CALPERS that we owe tax for a payment that was made and then pulled back the next day. Because it crossed calendar years, CALPERS says they cannot get the money back and we have to file for it. They sent the 1099R March 1. Isn't this too late?
I cannot tie their 1099R to net payments plus tax withheld and there is concern that the 1099R includes that payment pulled back. How can I tie it out and if it needs to be revised, how could I get it revised without delaying filing my parents' return?
