IRS Notifications for Penalties & B-Notices are coming soon!

posted in: Regulatory Bulletin | 0

August is typically the month that IRS issues Notice 972CG, Notice of Proposed Civil Penalty. This Notice proposes to assess your organization a penalty for the information returns that were filed late, filed on incorrect media, or filed with missing or incorrect TINs, or a combination of these failures. For information returns filed with missing or incorrect TINs for tax year 2015, the Notice includes a list of the information returns filed with missing or incorrect name/TIN combinations. The listing may include failures for any form type that you filed.

Want to read the rest of this article?
Join our Regulatory Membership now!