Great new ruling from the IRS — if you send out a 1099 or W-2 that turns out to be incorrect, but the amount is $100 or less ($25 or less for tax withholding), then you don’t have to amend it.

“Section 202 of the Protecting Americans from Tax Hikes Act of 2015 (P.L. 114-113) amended sections 6721 and 6722 to provide that an error on an information return or payee statement does not need to be corrected to avoid a penalty if the error relates to an incorrect dollar amount and differs from the correct amount by no more than $100 ($25 with respect to an amount of tax withheld).”