Missed the January 31 deadline? File belated Information Returns with Tax1099

Deadlines sneak up on the best of us, and if you’ve missed the January 31 deadline for filing your 1099s, W-2s, or other Information Returns, you’re not alone. The good news? You can still submit late filings and minimize penalties—but time is of the essence! Tax1099 offers a simple and secure way to file belated information returns. Whether it’s a forgotten form, system glitch, or last-minute scramble, here’s how to get back on track and stay in the IRS’s good books.

What is Belated Information Return?

Belated Information Returns refer to IRS forms that are filed after their official due date. These include Forms 1099, W-2, and other tax documents that businesses and financial institutions must submit to report payments made to employees, contractors, or other entities. Missing the deadline doesn’t mean you can’t file—it just means you may face penalties, interest, or additional compliance steps.

Filing Requirements After the Deadline

If you miss the January 31 deadline, you should file your information returns as soon as possible to reduce penalties. The process remains the same:

• E-File or Paper File: The IRS still accepts electronic and paper submissions after the deadline.
• Corrections Allowed: If errors were the cause of the delay, you can still file corrected returns.
• IRS & Recipient Copies: Ensure that both the IRS and payees receive their copies to avoid further compliance issues.
• Penalty Notices: The IRS may issue a Notice 972CG (Late Filing Penalty), but you can request abatement if you have reasonable cause.

Note: The penalty for failure to file information returns can be waived for reasonable cause. However, the IRS will grant reasonable cause only if correct returns are filed, even if they are filed late.

Drawbacks of Filing After the Deadline

• IRS Penalties: Ranging from $60 to $330 per form depending on how late you file, and up to $660 per form for intentional disregard.
  • $60 per form if filed up to 30 days late.
  • $130 per form if filed more than 30 days late but before August 2nd.
  • $330 per form if filed after August 1st.
  • $660 per form for intentional disregard or misinformation.
• State-Level Penalties: Some states impose additional fines for late or missing forms.
• Backup Withholding Issues: Failure to report payments may result in IRS-mandated 24% withholding on future payments to vendors or contractors.
• Audit Red Flags: Repeated late filings may increase IRS scrutiny on your business.
• Delayed Tax Filing for Recipients: Contractors or employees may face filing delays or errors if they don’t receive their tax documents on time.

File Belated Information Returns Online with Tax1099

Staying compliant with IRS reporting requirements is crucial for businesses, and Tax1099 makes it easier than ever to file belated Information Returns online. Whether you need to file 1099s, W-2s, 1098s, ACA forms, or other IRS-required forms, Tax1099 provides a secure, efficient, and IRS-authorized e-filing platform.

Step 1: Sign Up or Log In

• Visit Tax1099.com.
• New users: click “Sign Up” to create an account.
• Existing users: log in using your credentials.

Step 2: Select Your Form Type

• Choose the appropriate IRS form (e.g., 1099-NEC, 1099-MISC, W-2, 1098, 1042-S, etc.) and the Tax Year.
• Tax1099 supports federal and state filings, including the Combined Federal/State Filing program.

Step 3: Enter or Upload Payer & Recipient Information

• Manually enter payer and recipient details or upload in bulk via Excel, CSV, or API integration.
• Integrate with QuickBooks, Xero, Bill.com, and other accounting software.

Step 4: Choose Federal & State E-Filing Options

• Select federal e-filing, state filing, or CF/SF program as needed.
• Tax1099 auto-detects applicable state filing obligations.

Step 5: Review & Submit Your Filing

• Double-check details and make corrections as needed.
• Click “Submit” to e-file with the IRS and state agencies.

Download & Distribute Recipient Copies

Once you’ve successfully filed, deliver recipient copies using:

• IRS-compliant e-delivery via secure portal
• USPS mailing service
• Download & print options

Don’t wait! Start eFiling your Information Returns with Tax1099 today!

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