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Subject:  Re: 1099 in October Date:  10/12/2013  4:37 PM
Author:  TMFPMarti Number:  119290 of 123001

I just received a corrected 1099 for 2012!

Congratulations! That's the latest one I've heard of.

It changed approximately $43 of Covanta Holding (CVA) distributions from return of capital to qualified dividend. This means I owe about $6 more in taxes. Is there any limitation on how late a corrected 1099 can be issued?

Evidently not. There's bound to be a date beyond which the IRS doesn't care, but I have no idea what date that is.

Aren't companies and brokers supposed to report this information in a timely manner?

Yes. There's even a penalty imposed on them if they don't. I also hear there are unicorn races this weekend.

Since it is obviously well past the April 15 deadline; what are the rules on when I need to file an amended return and how do I avoid penalties?

There's no specified time period after you