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Subject:  1099 in October Date:  10/12/2013  3:08 PM
Author:  skidragon Number:  119289 of 130720

I just received a corrected 1099 for 2012! 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? Aren't companies and brokers supposed to report this information in a timely manner? 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? Thanks.

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