The IRS is temporarily easing
the 1099 rules. From now until June 30, 2013, firms that haven’t filed all the
1099s on misclassified workers for the past three years can sign up. The
businesses will owe a slightly higher penalty and will have to pay a modest
fine for failing to timely file 1099 forms on the workers. Announcement2012-46 has all the rules, plus a worksheet to compute the
penalties.
