File Form 1099-MISC by February 28 for paper filing or March 31 for electronic filing. Missing this deadline can result in penalties, so it’s essential to complete it on time. Here’s what you should know:
- Per-Form Penalty: The penalty for each unfilled form ranges from $60 to $330 (tax year 2025), depending on how late it’s filed. The longer the delay, the higher the penalty. For instance, if you file within 30 days from the due date, it’s $60 per form 1099-MISC, increasing to $330 per form if filed after August 1. Check the table below for specific penalty amounts:
| Year Due | Up to 30 Days Late | 31 Days Late Through August 1 | After August 1or Not Filed | Intentional Disregard |
|---|---|---|---|---|
| 2025 | $60 | $130 | $330 | $660 |
| 2024 | $60 | $120 | $310 | $630 |
| 2023 | $50 | $110 | $290 | $580 |
| 2022 | $50 | $110 | $280 | $570 |
| 2021 | $50 | $110 | $280 | $560 |
- Maximum Penalty: Yearly maximum penalties are determined by the size of your business.
- Intentional Disregard: If you deliberately ignore the filing requirement, there’s a minimum penalty of $630 per form or 10% of the reported amount, with no maximum limit.
- Failure to Provide Correct Payee Statements: If you don’t provide correct payee statements (Copy B of Form 1099-MISC) to recipients by the due date, and there’s no reasonable cause, you may face a penalty. The penalty amount is the same as the late filing penalty.
Filing on time is crucial for avoiding penalties and ensuring accurate tax reporting. If you need assistance, consider seeking help from TaxZerone for filing Form 1099-MISC.
What are the penalties for not filing Form 1099-MISC on time?
File Form 1099-MISC by February 28 for paper filing or March 31 for electronic filing. Missing this deadline can result in penalties, so it’s essential to complete it on time. Here’s what you should know:
Per-Form Penalty: The penalty for each unfilled form ranges from $60 to $330 (tax year 2024), depending on how late it’s filed. The longer the delay, the higher the penalty. For instance, if you file within 30 days from the due date, it’s $60 per form 1099-MISC, increasing to $330 per form if filed after August 1. Check the table below for specific penalty amounts:
Year
Due
Up to 30
Days
Late
31 Days Late
Through August 1
After August
1or Not Filed
Intentional
Disregard
2025
$60
$130
$330
$660
2024
$60
$120
$310
$630
2023
$50
$110
$290
$580
2022
$50
$110
$280
$570
2021
$50
$110
$280
$560
Maximum Penalty: Yearly maximum penalties are determined by the size of your business.
Intentional Disregard: If you deliberately ignore the filing requirement, there’s a minimum penalty of $630 per form or 10% of the reported amount, with no maximum limit.
Failure to Provide Correct Payee Statements: If you don’t provide correct payee statements (Copy B of Form 1099-MISC) to recipients by the due date, and there’s no reasonable cause, you may face a penalty. The penalty amount is the same as the late filing penalty.
Filing on time is crucial for avoiding penalties and ensuring accurate tax reporting. If you need assistance, consider seeking help from TaxZerone for filing Form 1099-MISC.
Last modified: December 30, 2025
