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Old 04-12-2007, 11:04 AM
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1099 MISC and 1096 Late to IRS

I know there is a penalty for sending late the 1099-MISC and 1096 forms to IRS. What I don't know is the procedure; where and how I will pay this penalty. Do I have to send it with the forms or there is a different place. Do I have to file a form?
Thank You for your help,

KRISS



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Old 04-12-2007, 07:52 PM
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Dear Kriss,

I would recommend that you file the returns that is, the 1096 and 1099's Misc and dont worry about the penalties. There is no need to pay the penalties for late filing, and usually the IRS will assess this penalty on you. They will also provide you with an address to mail the payment.

So, in summary, I would not worry a great deal about this and just mail the returns as soon as possible. I have yet to see the IRS assess late filing penalties for delinquent 1096/1099-Misc filers. This does not mean that they will not assess you in your case, though, it seems unlikely to me that they would.

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