What Happens If I Don’t File My 1099-MISC?

Failing to file your business’s 1099-MISC forms can lead to incurring penalties from the Internal Revenue Service. The severity of the penalty depends on the lateness of a Form 1099-MISC. A penalty will also be higher if you intentionally disregard the March 1 paper deadline or March 31 electronic deadline.

Charges for late information returns range from $50 to $280 per form for the 2022 tax year.

Up to 30 days late – You must pay a $50 penalty.

Thirty-one days late through Aug. 1 – You must pay a $110 penalty.

After Aug. 1 or not filed – You must pay a $280 penalty.

Businesses that intentionally overlook 1099-MISC filing requirements face a minimum penalty of $570 per form for the 2022 tax year. Your business may alternatively face a penalty of 10% of the income that you reported on your form. There is no maximum penalty fee.

Our W-2/1099 Forms Filer software cannot prevent missed deadlines, but it can make your tax season reporting more timely and organized. Download our free demo software to get started.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.