| Late 1099-Misc filing penalties
The IRS may assess potential penalties equal to $50 per month per 1099-Misc that is filed late.
But, if you were to attach an explanation regarding your unique circumstances along with the 1099-Misc, I am almost certain that the IRS will abate or waive any possible penalties. But, it is important that you file the 1099-Misc as soon as possible.
Good Luck! | 
