windmill Posted January 31, 2017 Report Share Posted January 31, 2017 Client came in with 2016 information for the 1099s. He says I'll be back with 2014 and 2015 information. What happens when the IRS gets these? Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 1, 2017 Report Share Posted February 1, 2017 After they are processed, your client might get fined. You (or your client) can always ask for those fines to be waived IF there is sufficient cause. Quote Link to comment Share on other sites More sharing options...
Max W Posted February 1, 2017 Report Share Posted February 1, 2017 Starting last year the penalty was increased from $100 to $250. And for intentionally disregarding, it went from $250 to $500 for 2016. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.