Posts Taged penalties

Intentional disregard! $250 penalty PER 1099.

There is now a $250 penalty, PER 1099, for not providing a correct 1099 when one should have been issued. This is considered an intentional disregard.  There is no maximum penalty for the year. There are also penalties for filing them late. The tax return has 2 direct questions regarding 1099s that make it easy […]

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