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Old 04-03-2007, 12:57 PM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
Location: New Jersey, USA
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Dear Younus,

Thanks for your question. Actually, there is a late filing penalty for each 1099-Misc that is filed late, but, in over 20 years of tax practice, I have yet to see a late penalty levied to any of my clients. This penalty is $50 per month for each 1099-Misc filed late, when I last checked.

There are 2 addresses that you could mail these 1096's and 1099-misc. Kindly provide me with your state and I can advise where to mail these.

I recommend that you still file these reports to avoid penalties in the future.
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