Enhanced Form IT-1099-R, Summary of Federal Form 1099-R Statements
The penalty for failure to timely file Forms 1099-SA, 5498-SA, 5498, 1099-Q, 1099-QA, 5498-QA, or 5498-ESA is $50 per return with no maximum, unless the failure is due to reasonable cause. For more information about backup withholding, see Pub. Form W-2, including withholding on distributions to plan participants from nonqualified plans that must be reported…