What are the chances of a small business, that was never late with 1099's, to be penalized with late filing of 1099-NEC? And if penalized, get first time abatement?
Client was late getting me his information (in February, I received the balance of his paperwork). Client only had to file two forms (including one for myself). The other recipient, who he paid to paint his office, he was unable to get tax id, claims recipient never returned his calls.
Thanks
P.S. I hate small businesses. And I wish they would have a different box to use to report payments to accountants and other providers of service verses contract labor (who probably should be employees).