If I as the independent accountant issue a 1099-Div for a liquidating distribution for a client of mine in their final year and I give them the 1096 and 1099-Div to sign and mail in and they neglect to mail in the form are they liable for any penalties.  Also if I as the preparer prepared and gave to client to sign and mail in is there any penalties assigned to me.  My feeling is that I did my job and it is up to the business owner to mail in to the IRS and all penalties would fall on them.  What is the communities opinion.