You should still file them and send them out. It's better to be late
than not sending them at all. The minimum fines are higher if you
disregard the requirement to file them.
"The penalty against the company varies from $30 to $100
per form ($500,000 maximum per year), depending on how long past the deadline
the company issues the form.
If a company
intentionally disregards the requirement to provide a correct payee statement,
it is subject to a minimum penalty of $250 per statement, with no maximum.
"
Penalties for Not Filing 1099-MISC
