I forgot to supply 1099-MISC forms and file them. Help!?
Asked by: tmoran
I run a small business. We have two contractors who qualified of a 1099 last year. Just today (March 5) I realized that I forgot to supply them with their 1099-MISC forms and, obviously, also did not submit to the IRS. Can you offer any advice on where to go from here? I know for sure that one of them has not yet submitted her taxes, but not sure about the other. Will I get any penalties by getting my 1099s into the IRS late?