Marie Posted February 10 Report Posted February 10 The deadline is past, but I'm still getting 1099s to file for clients. Should I go ahead and file? Has anyone received a penalty for filing 1099's late? Quote
gfizer Posted February 10 Report Posted February 10 I usually have a few stragglers every year. I always file them and (knock on wood) we've never seen any penalty notices related to the late filings. Quote
Marie Posted February 10 Author Report Posted February 10 OK, I WILL GO AHEAD AND FILE THE LATE ONES Quote
Gail in Virginia Posted February 10 Report Posted February 10 Even if you get a penalty, it is probably less than if you wait until later to file it. And I would have a problem doing the tax return and checking the box that the 1099s were done, or none were due, if I knew that wasn't true. 1 Quote
Max W Posted February 11 Report Posted February 11 Whether electronically filed, or mailed, most 1099's are due Feb. 28. 1099-NEC is an exception, it was due Jan. 31. 2 Quote
Max W Posted February 11 Report Posted February 11 This is a little more detailed. " The deadlines for filing 1099 forms are as follows: 1099-NEC: Jan 31 for paper or e-filing with the IRS. 1099-MISC: Feb 28 if paper filing, Mar 31 if e-filing with the IRS. 1099-K: Same as the 1099-MISC form. Most 1099 forms: Due to the recipient by January 31. If mailing a paper form to the IRS, send it by February 28 (postmarked by that date). " 2 Quote
Randall Posted February 11 Report Posted February 11 A little different question: Does a trust have to give the trustee a 1099 for the fee the trustee receives? I still have to find out if any fee was paid in 2024 or will be paid in 2025. 1 Quote
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