You might want to make sure you get those 1099-MISC forms filed. The penalties can get serious.

MinistryCPA blog summarizes Form 1099-MISC Failure to File Penalties. There are per-return penalties that increase over time. Ouch.

Check out the post for more details. Then check that you are ready to file all your 1099-MISCs.

Need more details? Corey Pfaffe, CPA has more info at another of his post’s: Form 1099-MISC Rental Payment Reminders.