Posted 1/21/2013 22:41 (#2839941 - in reply to #2838041) Subject: Re: Ok its the time of year that I become scum of the earth!!!!!!!!!!!!!
Centralia, MO
The real penalty if you get caught not filing 1099's besides the $100 per return is that you will have those expenses disallowed on an audit if the audit really wants to get you. Imagine not being allowed to deduct your cropland rent payments or a custom harvester you paid $25K to. I've seen it happen.