USA Error in forms 1099 misc and 1096, what penalty?


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Hello,
I did error in forms 1099 misc and 1096 ( 2014 tax year). Put wrong TIN number. How knows what penalty to expect?
 
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kirby

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If you filed those with IRS at the latest filing deadline date of March 2015 then the IRS follows a 3 year statute of limitations. That period expired March 2018. So there can be no penalty coming to you from IRS for what you sent to IRS for the 2014 tax year. See IRS Chief Counsel Memorandum dated April 2013.
 

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