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Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29573
Experience:  Taxes, Immigration, Labor Relations
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i failed to issue several 1099 for 2008, can i still issue

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i failed to issue several 1099 for 2008, can i still issue them and file them ?

LEV :

Hi and welcome to Just Answer!
Yes - you may issue 1099 forms late.
Please be aware that recipients are required to report their income regardless if the form 1099 was issued or not.
The IRS generally charges a penalty for late filing. If the Form 1099 submitted within 30 days from the due date - the penalty is $30 per form. If submitted before Aug 1 of following year - $60 per form. After that - the penalty is $100.

Customer:

ok, but how to do that ? i cannot find that type of red ink form anymore

LEV :

You may request forms from the IRS - call 1-800-829-3676 to place your order.

LEV :

Also - most print centers will be able to print old forms on demand.
For instance - visit a local store:
www.officemax.com/ or www.officedepot.com/

Customer:

ah, ok thanks

Lev and other Tax Specialists are ready to help you
Customer: replied 4 years ago.


Do i include the penalty when i file the belated 1099 or wait for the notice from the Irs ?

No need to include penalties - you will get a notice from the IRS and will need to pay it promptly to avoid interest charges.

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