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Late Filing Penalties Tax Year 2018
 
Days Late Current Penalty Current Maximum
 30 days $50 per form $547,000
 60 days $100 per form $1,641,000
After August 1 $270 per form $3,282,500
Intentional Disregard to file $540 per form  No Limit

Source: https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

The IRS can assess a penalty of
  $2,700.00 for late filing of TEN 1099 forms
 $5,400.00 for intentional failure to file TEN 1099 forms, etc.

Penalties for which you are not aware, such at Tin-Name Match failures,
 are always at the highest rate, because the IRS does not notify you for many months.

You can avoid and ABATE Tin-Name penalties by being pro-active. See this link:

http://www.1099Express.com/TinMatch.asp