I Could Not File 1096 For Report Of 1099 Misc

YOUNUS · #1 (**permalink**) 04-03-2007, 12:12 PM

I Could Not File 1096 For Report Of 1099 Misc Form . Can I File
1096 Now And Is There Any Penalty What Is The Filing Address
Thank You
Younus

TaxGuru · #2 (**permalink**) 04-03-2007, 12:57 PM

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.