1099 Late Filing Penalty Calculator (2027 IRS Amounts)

Enter how many forms are late and when you filed them. The calculator applies the IRS amounts to the IRS copy and the recipient copy separately, because each one carries its own penalty.

Tax year Form Number of forms Business size

Filed with the IRS on Not filed yet Recipient copies Recipient copies sent on

Intentional disregard (knowingly not filing)

How the IRS charges 1099 penalties

There are two penalties, and a late form usually triggers both:

Section 6721 covers the return you file with the IRS.
Section 6722 covers the copy you give the recipient.

Each is charged per form, and the amount depends on how late the correct form is. A form with a wrong TIN or a wrong amount counts as incorrect, which is penalized like a late one.

Penalty amounts for returns due in 2027 (tax year 2026)

When the correct form is filed	Per form	Annual maximum, small business	Annual maximum, large business
Up to 30 days late	$60	$244,500	$698,500
31 days late through August 1	$130	$698,500	$2,095,500
After August 1, or not filed	$340	$1,397,000	$4,191,500
Intentional disregard	At least $690	No maximum	No maximum

A small business has average annual gross receipts of $5 million or less over the 3 most recent tax years.

Penalty amounts for returns due in 2026 (tax year 2025)

When the correct form is filed	Per form	Annual maximum, small business	Annual maximum, large business
Up to 30 days late	$60	$239,000	$683,000
31 days late through August 1	$130	$683,000	$2,049,000
After August 1, or not filed	$340	$1,366,000	$4,098,500
Intentional disregard	At least $680	No maximum	No maximum

If you never filed your tax year 2025 forms, August 1, 2026 has passed. Each missing form now costs $340 for the IRS copy and $340 for the recipient copy, so file as soon as you can.

Due dates the calculator uses

1099-NEC: February 1, 2027 for the IRS and recipients. There is no automatic extension.
1099-MISC: recipient copies by February 1, 2027, or February 16 if box 8 or 10 is filled. IRS copies by March 1 on paper or March 31 when e-filed.
Tax year 2025: February 2, 2026 for 1099-NEC, and March 31, 2026 for e-filed 1099-MISC.

See all 1099 deadlines for 2027.

Ways to pay less or nothing

Reasonable cause. No penalty applies if the failure came from events beyond your control and you acted responsibly before and after. If you get Notice 972CG, answer within 45 days.
De minimis corrections. If you filed on time and correct the errors by August 1, no penalty applies to the greater of 10 forms or 0.5% of the forms you had to file.
Small dollar errors. An amount that is off by $100 or less, or withholding off by $25 or less, needs no correction, unless the recipient asks for a corrected form.
Inconsequential errors. Minor slips that do not stop the IRS from matching the form are not penalized. Errors in a TIN, a surname or an amount are never inconsequential.

Avoid the penalty in the first place

In the IRIS era, many 1099 penalties come from rejected uploads that nobody fixed in time. Check your file with the free IRIS CSV checker before the deadline, and use the pre-upload checklist. If a submission is rejected, file a replacement within 60 days.

Frequently asked questions

How much is the penalty for a late 1099-NEC in 2027?

$60 per form if it is filed up to 30 days late, $130 through August 1, and $340 after that or if never filed. The same amounts apply again for late recipient copies.

Is the penalty per form or per filing?

Per form. Ten 1099-NECs filed 40 days late cost $130 each for the IRS copies, $1,300 in total, plus the same again if the recipient copies were also late.

Does the penalty apply if nobody owes tax?

Yes. Information return penalties apply whether or not anyone owes tax.

Can I get the penalty removed?

Possibly. The IRS can waive it for reasonable cause, such as a disaster or serious illness. Answer Notice 972CG or the penalty notice with a written explanation.

Does the IRS charge interest on these penalties?

Yes. Interest runs until the penalty is paid in full. The calculator does not include it.

Sources

Last reviewed November 1, 2026.

1099 late filing penalty calculator