The Real Cost of Filing 1099s Incorrectly: Penalties, Fees, and Fixes

1099 filing, 1099 penalties, information return penalties, 1099 compliance, backup withholding, CP2100 notice, contractor payments, tax reporting errors, outsourced 1099 processing, IRS electronic filing

Most teams think of 1099s as quick year-end paperwork, right up until a small mistake turns into penalty letters and surprise administrative cleanup. The IRS tightened its rules in recent years, including the shift to mandatory electronic filing once a business hits ten information returns. Even tiny inaccuracies travel far once they enter that system. […]

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