Penalty for failure to furnish information returns: daily monetary charge applies until compliance, subject to a statutory cap. Failure to furnish an information return as required permits the proper officer to direct a per-day monetary penalty for each day the default continues from the period specified in the notice, subject to an overall statutory cap on the total penalty payable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for failure to furnish information returns: daily monetary charge applies until compliance, subject to a statutory cap.
Failure to furnish an information return as required permits the proper officer to direct a per-day monetary penalty for each day the default continues from the period specified in the notice, subject to an overall statutory cap on the total penalty payable.
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