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pnealty for 1096

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    #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)?
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    #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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      #3
      March 31 deadline

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

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