Why do I receive Form 1099-G filing penalties?
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Last modified 12/1/2023 4:24:08 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
You may receive Form 1099-G filing penalties for the following reasons:
- Not filing 1099-G by the due date
- Not filing a proper 1099-G paper form that's machine-readable.
- Using the form 1099-G for the wrong year
- Not using the correct copy of Form 1099-G
- Filing with an incorrect or missing TIN
- Filing with the incorrect information
The current penalties for filing a late or incorrect 1099-G form are as follows:
- $60 per form if you file within 30 days of the due date.
- $120 per form if you file more than 30 days after the due date but before August 1.
- $310 per form if you file on or after August 1.
To avoid penalties, it's important to e-file the 1099-G form on time and ensure the information is accurate and complete using an IRS-authorized e-file provider like TaxBandits. We handle filing your forms with the Federal and State and distribute form copies to your recipients on time.