topic I have an S Corporation. The only person that receives a 1099 misc from me is my husband. I realized today that the Feb. 28 deadline was changed to Jan. 31, so I am late. in Business & farm

I have an S Corporation. The only person that receives a 1099 misc from me is my husband. I realized today that the Feb. 28 deadline was changed to Jan. 31, so I am late.

jeanne2121 — Thu, 06 Jun 2019 09:48:32 GMT

At this time, I have not filed the 1096 information return with the IRS. I am currently less than 30 days late. What should I do now? Will I be penalized?

You should file immediately the form 1099-MISC together w...

MinhT — Thu, 06 Jun 2019 09:48:34 GMT

You should file immediately the form 1099-MISC together with form 1096.

The penalty is $50 per return for filing up to 30 days late. It is increased to $100 per return from 31 days late up to August1.

Please read this IRS document for more information:

https://www.irs.gov/government-entities/federal-state-local-governments/increase-in-information-retu...

Thank You! I am not happy about the penalty, but at least...

jeanne2121 — Thu, 06 Jun 2019 09:48:35 GMT

Thank You! I am not happy about the penalty, but at least it is something I can resolve. I assume the IRS will notify me of the penalty once they receive the late 1096.

Yes, you are correct.

MinhT — Thu, 06 Jun 2019 09:48:37 GMT

Yes, you are correct.

Thanks again!

jeanne2121 — Thu, 06 Jun 2019 09:48:38 GMT

Thanks again!