pnealty for 1096

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  • ardi600
    Senior Member
    • Dec 2011
    • 105
    #1

    pnealty for 1096

    i have a client wh has not filed his 1096 the summary for his 1099s. he has two 1099s that were given to recipients on time. what is the penalty on late filing of 1096? is it 30 dollars per 1099 if it filed by the end of march? or do they waive it since it is only 2 1099s(de minimis)?
    Tags: None
    • Burke
      Senior Member
      • Jan 2008
      • 7068
      #2
      I have sent these in late many times and no penalty assessed. Even when they did NOT give the 1099's to the recipient on time.

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        • rjholmes
          Senior Member
          • Jan 2006
          • 108
          #3
          March 31 deadline

          They could be efiled by March 31 and would not be late.

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