Get Answers Support Tax Filings & Payments Other Forms Form 1098 What are the penalties associated with Form 1098? Last modified 11/20/2023 2:25:45 AM EST A penalty of $30 per 1098 Form will be charged if you file within 30 days of the deadline. It may be charged up to $250,000 annually and $75,000 for small businesses. Was this helpful? Yes No Need more help? Get in touch with our dedicated support team Contact Us (704) 684-4751 support@taxbandits.com Sign Up for a FREE TaxBandits Account! The Smart CPA Choice Register Now Already have an account? Sign in