Lee B Posted September 19, 2016 Report Share Posted September 19, 2016 COPIED FROM CPA PRACTICE ADVISOR: Tax return preparers also are subject to a number of penalties that are adjusted for inflation. These 2017 projected penalty amounts are shown below. Projected amounts for other penalties are included in the full report. Scenario Penalty Per Violation Maximum Penalty Failure to Furnish Copy to Taxpayer $50 $25,500 Failure to Sign Return $50 $25,500 Failure to Furnish Identifying Number $50 $25,500 Failure to Retain Copy or List $50 $25,500 Failure to File Correct Information Returns $50 $25,500 Negotiation of Check $510 No limit 6 Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted September 20, 2016 Report Share Posted September 20, 2016 I love posts that are presented as facts but start by using the word "projected." and the source is not even the IRS. I have lived through the end of the world 26 times. Why not publish documentation when the IRS has levied any of the penalties? I have more important subjects to be concerned with. No one that would be eligible for all these "projected" penalties will be on this website. 1 Quote Link to comment Share on other sites More sharing options...
SFA Posted September 21, 2016 Report Share Posted September 21, 2016 Never hurts to be reminded of the basics and to reinforce our knowledge, even if the information is a projected adjustment to the existing penalties. It's often the simple mistakes that blindside us. 7 Quote Link to comment Share on other sites More sharing options...
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