Penalty for failure to furnish information return: daily fine may be directed after notice, subject to a statutory cap. Failure to furnish an information return after the period specified in the notice under the relevant subsection permits the proper officer to direct ... Summary
Penalty for failure to furnish information return: daily fine may be directed after notice, subject to a statutory cap.
Failure to furnish an information return after the period specified in the notice under the relevant subsection permits the proper officer to direct imposition of a daily penalty for each day the failure continues, subject to a maximum aggregate limit.
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