The specific penalty amount for filing a late 1099-NEC for the year 2023 if the correction is made within 30 days after the required filing date is $15. This is detailed in § 301.6721-1(b) of the Treasury Regulations, which states that the penalty imposed under section 6721(a) for a failure to file timely or for a failure to include correct information shall be $15 in lieu of $50 if the failure is corrected on or before the 30th day after the required filing date.
Sources:
T.D. 9984
§ 6721. Failure to file correct information returns
Publication 1220 (9/2023)
Publication 513
§ 301.6721-1. Failure to file correct information returns.
T.D. 8386
