The Kiplinger Tax Letter reports the following today - So if you prepare 1099s for clients - beware -
Watch out for an error in the instructions for Forms 1099, 1098 and W-2G,
and similar information returns. The correct due date for businesses to give a copy of the form to taxpayers is Feb. 17, 2009, not March 2 as the instructions state. IRS can slap penalties on late issuers. The earlier date was OK’d by Congress in Oct.
Watch out for an error in the instructions for Forms 1099, 1098 and W-2G,
and similar information returns. The correct due date for businesses to give a copy of the form to taxpayers is Feb. 17, 2009, not March 2 as the instructions state. IRS can slap penalties on late issuers. The earlier date was OK’d by Congress in Oct.