Failure-to-file-correct-information-return Penalty

Failure-to-file-correct-information-return Penalty

Failure-to-file-correct-information-return Penalty means:
a sliding-scale penalty imposed on a taxpayer and based on when, if at all. the correct information return is filed. The amount of the penalty is $15, $30, or $50 per tax return. Former IRC (check if this IRC provision is current here) §6721.


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