Penalty for failure to furnish information return: daily monetary charge accrues and is subject to a statutory cap. A person required to furnish an information return who fails to do so within the period specified in the notice may be directed by the proper officer to ... Summary
Penalty for failure to furnish information return: daily monetary charge accrues and is subject to a statutory cap.
A person required to furnish an information return who fails to do so within the period specified in the notice may be directed by the proper officer to pay a daily penalty at a fixed rate for each day the failure continues, subject to a maximum ceiling on the total penalty.
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