windmill Posted January 31, 2017 Report Posted January 31, 2017 Client came in with 2016 information for the 1099s. He says I'll be back with 2014 and 2015 information. What happens when the IRS gets these? Quote
Catherine Posted February 1, 2017 Report Posted February 1, 2017 After they are processed, your client might get fined. You (or your client) can always ask for those fines to be waived IF there is sufficient cause. Quote
Max W Posted February 1, 2017 Report Posted February 1, 2017 Starting last year the penalty was increased from $100 to $250. And for intentionally disregarding, it went from $250 to $500 for 2016. 1 Quote
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