Failure to furnish information return: daily penalty applies, subject to a statutory maximum cap on aggregate liability. Failure to furnish an information return within the period specified in the notice permits the proper officer to impose a daily penalty for each day the ... Summary
Failure to furnish information return: daily penalty applies, subject to a statutory maximum cap on aggregate liability.
Failure to furnish an information return within the period specified in the notice permits the proper officer to impose a daily penalty for each day the omission continues, subject to a statutory maximum aggregate cap.
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