Failure to furnish information return triggers daily penalty subject to an overall statutory cap following a notice. Failure to furnish an information return after a notice triggers a daily monetary penalty directed by the proper officer for each day the default ... Summary
Failure to furnish information return triggers daily penalty subject to an overall statutory cap following a notice.
Failure to furnish an information return after a notice triggers a daily monetary penalty directed by the proper officer for each day the default continues, and the aggregate penalty is subject to a statutory upper limit.
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