FARM WAGES & 942

[Marie]

is it too late to file a 943 for farm wages for 2020?  amount due is below $2500

[DANRVAN]

Never too late to file but penalties and interest will apply.

 

[Marie]

HAVE ANY IDEA WHAT THAT AMOUNTS TO? 

[Gail in Virginia]

1 hour ago, Marie said:

HAVE ANY IDEA WHAT THAT AMOUNTS TO? 

Will those penalties become less if you wait?  I would file asap, and when the penalty letter comes I would write a letter asking for forgiveness and explaining why it was not done when it should have been.  Were the W2s done on time?  That might give you a shot at getting penalties forgiven, especially if this is their first offense.