Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   What are the IRS penalties for filing 1099-misc without social security numbers? (https://www.askmehelpdesk.com/showthread.php?t=242238)

  • Jul 27, 2008, 01:00 PM
    Snowbird58
    What are the IRS penalties for filing 1099-misc without social security numbers?
    I have had a couple of individuals work for me for a couple of months each during the current tax year. One left to parts unknown without notice, the other was fired. I have last known addresses on both but no SS #'s. I want to file 1099s but need to know what to expect from the IRS with 1099's that lack the SS numbers. This was my first year with employees in this business so trust me the paperwork will be filled out at hiring time in the future.
  • Jul 28, 2008, 01:20 AM
    MukatA
    You must issue Form 1099-misc if payment to contractor is $600 or more in a year.
    For each 1099-misc without SSN, you will pay $50 penalty.

  • All times are GMT -7. The time now is 08:55 PM.