Skip to main content
March 25, 2025
Solved

Brokerage made a mistake on 1099. I contacted them and they are making the fix. I don't think the corrected 1099 form will be available by 4/15. What should I do?

  • March 25, 2025
  • 1 reply
  • 0 views
No text available
    Best answer by fanfare

    Before April 15th, whatever you expect to owe should be paid with your request for more time to file.

    Best way: Go to the IRS Direct Pay  page and select EXTENSION.

    You will get immediate confirmation.

     

    @liuxuli 

    1 reply

    fanfare
    Employee
    March 25, 2025

    You can request an extension of time to file. Perhaps you have heard of it.

    See IRS website for how to request an extension of time

     

    @liuxuli 

    liuxuliAuthor
    March 26, 2025

    Thanks! I was aware of that, but I have dues to IRS, and I assume there will be punishment in such a case? I could not find any information about that.

    fanfare
    fanfareAnswer
    Employee
    March 26, 2025

    Before April 15th, whatever you expect to owe should be paid with your request for more time to file.

    Best way: Go to the IRS Direct Pay  page and select EXTENSION.

    You will get immediate confirmation.

     

    @liuxuli