Penalty for failure to furnish return: daily penalty accrues for continued non-compliance with filing deadlines. Where an assessee fails to furnish the return within the prescribed time-limits under the cited return provisions, a daily monetary sanction accrues for ... Summary
Penalty for failure to furnish return: daily penalty accrues for continued non-compliance with filing deadlines.
Where an assessee fails to furnish the return within the prescribed time-limits under the cited return provisions, a daily monetary sanction accrues for each day during which the failure to furnish the return continues, operating as a continuing obligation tied to the filing deadline until the default ceases.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
