Why do I receive Form 1099-G filing penalties?

Last modified 3/29/2023 4:48:54 AM EST

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 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.

• $130 per form if you file more than 30 days after the due date but before August 1.

• $330 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.